AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The Karnataka High Court ruled that appeals against ITAT orders can only be filed before the High Court that exercises jurisdiction over the Assessing Officer who issued the assessment order.
The Calcutta High Court upheld the ITAT's decision that extraordinary contributions made to superannuation funds to address actuarial deficits are not subject to the Rule 87 ceiling, rejecting a ₹648.84 crore disallowance.
The Gujarat High Court ruled that customs detentions not backed by timely seizure orders are invalid. It directed the release of a vehicle that had been held beyond the statutory limitation period.
The Madras High Court has declared a luxury tax applied to jewellery as legislatively incompetent, ordering the government to refund amounts collected from a jewellery manufacturer.
The Calcutta High Court has ruled that the denial of Input Tax Credit (ITC) cannot be automatic based on a supplier’s non-filing of GSTR-3B. This decision safeguards the rights of bona fide purchasers.
The Kerala High Court has directed the state government to re-evaluate the claim for building tax exemption made by a Regional Sports Centre. The decision underscores the need to consider the principal use of the buildings in question.
The ITAT ruled that proceeds from penny stock sales cannot be added under Section 68 without proper evidence linking the taxpayer to price rigging or entry operators. This decision aims to protect taxpayers from unwarranted tax liabilities in unclear transactions.
In a recent judgment, the ITAT ruled that the denial of a HRA exemption cannot be arbitrary and must consider supporting documents like rent notes and receipts. This clarification is vital for salaried taxpayers claiming HRA.
The Madras High Court ruled that a mere steep increase in share price does not automatically constitute bogus long-term capital gains (LTCG). The court emphasized that transactions conducted on a recognized stock exchange with routed consideration through banking channels are valid for tax exemptions under Section 10(38).
Indian transfer pricing law clarifies the distinction between compensable corporate guarantee services and shareholder support. This differentiation is based on economic benefit, risk, and pricing.
In a landmark decision, the Gujarat High Court has directed strict adherence to AI-generated compliance guidelines, warning of contempt for violations, following cited cases of non-existent judgments.
The Karnataka High Court has upheld the entry tax on hydraulic oil, determining it constitutes a taxable petroleum product. This ruling reinforces the applicability of the KTEG Act, affirming the government's stance on taxation of such goods.
The ITAT has restricted a Rs. 1.80 crore cash addition claimed by a hospital during demonetisation to a maximum of Rs. 5 lakh. This decision highlights the need for robust evidence in defence of cash deposits during cash restrictions of that period.