AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The Karnataka High Court has ruled that the HSNS Cess levied on pan masala manufacturers is arbitrary, as it is based on assumed production capacity rather than actual output.
The government has announced duty relief on specific imports, particularly on goods originating from the UK. This initiative includes a new tariff quota framework aimed at bolstering trade relations and supporting the agricultural sector.
The ITAT held that the Sec. 143(1) intimation must be treated separately from the scrutiny assessment concerning unadjudicated claims under Section 43B, allowing ITC Infotech's appeal.
In a significant ruling, the ITAT determined that a reassessment under the Income Tax Act cannot stand if no addition is made on a reason recorded for the reassessment. This ruling emphasizes the necessity of substantiated grounds for tax assessments.
The ITAT held that any notice issued under Section 148 of the Income Tax Act beyond the prescribed limitation period is legally invalid. This ruling reinforces the importance of adhering to statutory timelines in tax assessments.
The NCLT ruled that a fresh demand notice does not revive the limitation period for initiating CIRP against a corporate guarantor. This decision reinforces the importance of adhering to statutory timeframes for insolvency proceedings.
The NCLT ruled that financial creditors may simultaneously initiate the corporate insolvency resolution process (CIRP) against corporate guarantors, even if there has been a partial recovery under the principal borrower's resolution plan. This affirms the co-extensive liabilities of guarantors under the Insolvency and Bankruptcy Code (IBC).
The Allahabad High Court declared an income tax notice served to a deceased individual invalid, affirming that tax laws are intended for the living.
The CESTAT Kolkata has ruled that interest on customs duty related to capital goods cleared from a MOOWR warehouse is not applicable unless there is actual use, overturning the previous demand based on intended use.
The CDSCO invites comments on brand name extensions used by pharmaceutical companies, following concerns about consumer confusion. This scrutiny may alter marketing practices within the pharmaceutical industry, prompting legal practitioners to advise clients accordingly.
The Himachal Pradesh High Court ruled in SML Ltd. v. M/s Happy Agro Chemicals that isolated transactions cannot create territorial jurisdiction for patent infringement lawsuits. This decision is crucial for practitioners navigating jurisdictional challenges in intellectual property cases.
The Kerala High Court upheld Union Bank's rights under the SARFAESI Act, ruling that an attachment following an equitable mortgage was ineffective and ordered the removal of the said attachment.
The Supreme Court affirmed that income tax penalty notices must clearly specify the exact charge under Section 271(1)(c). This ruling underscores the necessity for precision in tax penalty communications.