AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
Despite statutory mandates, the ITAT ruled that corporate social responsibility expenses remain voluntary and hence qualify for deductions under Section 80G.
The ITAT ruled that an Income Tax notice issued after April 1, 2021, is time-barred under the TOLA concession, emphasizing adherence to statutory deadlines in tax assessments.
The ITAT ruled that evidence from documents seized from a third party is insufficient for tax assessments, emphasizing that entries from third parties cannot be deemed credible without the taxpayer's knowledge.
The Income Tax Appellate Tribunal (ITAT) ruled that a clerical error regarding a bank guarantee in the tax audit report cannot be treated as income. The Tribunal deleted a ₹9.41 lakh addition based on improper accounting.
The Andhra Pradesh High Court has quashed tax assessment orders due to the Assessing Officer's failure to disclose the basis for a yield benchmark, citing violations of natural justice principles.
The Digital Personal Data Protection Act, 2023 outlines individual rights regarding personal data handling and the compliance responsibilities for organizations. Tax advocates must understand these new obligations to provide effective counsel on digital privacy matters.
The Orissa High Court has directed the Tax Recovery Officer to adjudicate a taxpayer's pending objection before any recovery action is taken for due MV tax. Authorities are restrained from coercive recovery until the objection is resolved.
Indian families with US investments must be aware of a potential 40% estate tax and associated FEMA requirements. Proactive planning is essential to mitigate risks.
The Orissa High Court has stayed coercive recovery measures concerning motor vehicle tax after the petitioner raised objections pending adjudication. The court directed payment of arrears to facilitate consideration of these objections.
The Central Board of Indirect Taxes and Customs (CBIC) has announced the transfer and posting of 289 Additional and Joint Commissioners across various zones and directorates. This strategic move aims to enhance operational efficiency in GST and customs administration.
The ITAT has restored an education trust's tax registration application, instructing authorities to reconsider it in light of a bona fide form error.
The Income Tax Department has implemented ITR-2 online filing and Excel Utility for the Assessment Year 2026-27, enhancing the e-filing process.
The Kerala High Court ruled that a partner cannot claim deductions under section 36(1)(iii) for loans invested as capital in a firm if they do not run an independent business. The decision clarifies the parameters for claiming deductions related to partner loans.