AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The Chhattisgarh High Court has upheld a compensation amount of Rs. 37.74 lakh for a motor accident victim, ruling that no tax deduction is applicable when the income falls within the Section 87A rebate threshold.
The ITAT Mumbai has restored the 12AB registration for the National Health & Education Society and rejected grounds of commerciality and foreign expenditure. This decision also allows the society to appeal for 80G registration.
The Delhi High Court has quashed a ₹533.79 crore sales tax demand against the Railways. The court ruled that only rolling stock owned and transferred to the Indian Railway Finance Corporation constitutes a taxable sale.
The National Company Law Tribunal (NCLT) dismissed Ernst & Young LLP's insolvency petition for ₹3.11 crore, questioning the validity of a claimed 1% success fee for securing GST relief. NCLT has directed the ICAI to review the fee structure and its implications.
The Madras High Court has held that interest earned by a charitable trust from fixed deposits of Self-Help Group funds is taxable, where no specific instructions were given by the donors.
The Calcutta High Court upheld the ITAT ruling that extraordinary contributions to superannuation funds made to cover actuarial deficits are not limited by Rule 87. The court deleted a Rs. 648.84 crore disallowance.
The ITAT ruled that income tax additions under Section 68 were unwarranted where unsecured loans and share capital were already disclosed in audited financials. This ruling led to the deletion of Rs. 3.25 crore additions.
The Madras High Court ruled that taxpayers facing technical difficulties uploading their Income Tax Returns (ITR) could substantiate their claims using digital evidence, enabling them to access the portal. This decision quashed an income tax demand order.
The Madras High Court held that a significant increase in share price alone cannot render long-term capital gains as bogus, affirming the eligibility for income tax exemption under Section 10(38).
The Karnataka High Court ruled that appeals against orders from the Income Tax Appellate Tribunal (ITAT) can only be filed before the High Court with jurisdiction over the Assessing Officer who issued the assessment order.
The Calcutta High Court upheld the ITAT ruling that extraordinary contributions to superannuation funds to cover actuarial deficits are not subject to the ceiling under Rule 87 of the Income Tax Rules, resulting in the deletion of a Rs. 648.84 crore disallowance.
The Calcutta HC ruled that failing to notify a show-cause notice on the GST portal violates principles of natural justice, leading to the annulment of a bank attachment.
The CESTAT confirmed that service tax is applicable to STPI fees, ruling they constitute business support services rather than sovereign levies. A ₹5.15 crore service tax demand was upheld.