AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
FeaturedIndia has introduced a revised FATCA and CRS guidance note, which includes new reporting requirements and clarifications for due diligence, reinforcing the framework of international tax compliance.
FeaturedThe Karnataka High Court quashed the GST deduction applied to land acquisition compensation, ruling that such compulsory acquisition does not constitute a supply of goods or services. This decision mandates the refund of the deducted amount with interest.
FeaturedThe Supreme Court affirmed a presumptive tax benefit for a foreign cruise operator, holding that hospitality services provided during the cruise are integral to the 'carriage' activity under Section 44B of the Income Tax Act.
FeaturedThe Supreme Court of India has upheld the powers of the Directorate of Revenue Intelligence (DRI) to issue notices under Section 28 of the Customs Act. This significant decision affirms the legislative intent behind Section 28, enhancing enforcement capabilities.
FeaturedThe Supreme Court allowed a review in the Canon India case upholding the powers of DRI officers under Section 28 for issuing customs notices and setting aside contradictory judgments.
FeaturedThe Gujarat High Court quashed a remand order issued by CESTAT, instructing the Tribunal to decide the appeal on merits within four months due to clarity issues in the previous ruling.
FeaturedThe National Stock Exchange's upcoming IPO is not just a financial event but a critical governance test. The offering aims to assess market pricing of a significant institution.
FeaturedThe Supreme Court affirmed the constitutional validity of Section 16(2)(c) of the CGST Act, determining that Input Tax Credit (ITC) can only be claimed if the supplier has paid the corresponding GST to the government, supporting the Gujarat High Court's ruling.
FeaturedThe recent FEMA reforms aim to simplify processes related to Foreign Direct Investment (FDI), Overseas Direct Investment (ODI), and External Commercial Borrowing (ECB), facilitating better compliance frameworks for businesses. This initiative reflects an effort to encourage foreign investments.
FeaturedThe draft FEMA Foreign Investment Rules, 2026 propose a comprehensive framework for foreign direct investment (FDI) along with an overseas listing scheme. These changes aim to simplify regulatory requirements and enhance investment opportunities.
FeaturedIn a recent judgment, the Delhi High Court quashed an Income Tax Order after finding it relied on non-existent case citations, highlighting the robust requirement for credible legal references in tax adjudication.
FeaturedThe Andhra Pradesh High Court ruled that secured creditor's claims take precedence over GST department recoveries, setting a significant precedent.
FeaturedThe GST Appellate Tribunal has upheld the anti-profiteering report's findings and directed Emaar to provide a significant ITC benefit of ₹67.32 lakh to homebuyers, with interest, while declining to impose a penalty.