AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The Karnataka High Court has ruled that filing an Income Tax Return (ITR) does not amount to a retraction of a statement made under section 132(4) of the Income Tax Act.
The Calcutta High Court ordered a fresh hearing for a taxpayer due to the non-receipt of a show cause notice.
The Delhi High Court ruled that GST show cause notices uploaded without effective communication are invalid, quashing the GST demand.
The Punjab and Haryana High Court ruled that a GST penalty order issued without a show cause notice is invalid, reaffirming principles of natural justice.
The Delhi High Court held that the amended limitation provision under GST cannot be applied retrospectively, preserving vested rights.
The High Court granted bail in a GST ITC fraud case, noting the documentary nature of evidence and the accused's clean antecedents.
The Karnataka High Court ruled that Input Tax Credit cannot be denied solely due to GSTR-2A mismatches, quashing the ITC demand and ordering for fresh adjudication.
The CBDT hosted a webinar discussing the new Income-tax Act, 2025, with over 1,100 participants from 16 countries. The session focused on India’s evolving tax framework and international tax cooperation.
The ITAT ruled that Section 56(2)(x) of the Income Tax Act is not applicable when property consideration aligns with earlier agreements, providing relief to taxpayers under specific circumstances.
The ITAT remanded a ₹2.53 Crore addition for re-examination of unexplained cash transactions, emphasizing the insufficiency of an affidavit as evidence for tax assessments.
The ITAT found the CA's cash retention from marriage gifts unsubstantiated and deleted ₹6.21 Lakh linked to property sale. The order emphasizes the need for credible evidence in tax assessments.
The Income Tax Appellate Tribunal (ITAT) has dismissed a claim relating to project support costs, reinforcing the need for TDS compliance in financial reporting.
The ITAT has clarified that Section 56(2)(x) of the Income Tax Act does not apply when the property consideration is determined based on an earlier agreement.