AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The Andhra Pradesh High Court ruled that the secured creditor's charge under the SARFAESI Act takes precedence over the GST Department's claims. The attachment of mortgaged property by the GST Department has been set aside, allowing secured creditors to recover their dues first.
The Madras High Court has ruled that a Show Cause Notice (SCN) imposing a 200% penalty must clearly specify the grounds of misreporting to allow for adequate taxpayer defense.
The Bombay High Court has ruled that the Income Tax Department cannot revive its demand for taxes after a resolution plan is approved by the National Company Law Tribunal (NCLT) if the claim was not filed during insolvency proceedings.
The Andhra Pradesh High Court annulled a common GST assessment order for two financial years. The ruling emphasizes separate assessments for individual tax years to ensure clarity and compliance.
The Kerala High Court has ruled that GST assessments must allow for the right to cross-examine, emphasizing that statements made in GST proceedings cannot negate this fundamental right.
The Punjab and Haryana High Court has quashed the retrospective cancellation of GST registration, ruling that the show cause notice did not provide for such a cancellation, thereby permitting a fresh notice.
RBI is seeking public comments on its draft Foreign Investment Rules, 2026 until August 31, promoting a simplified and principle-based foreign investment framework.
The Madras High Court ruled that an Income Tax Show Cause Notice (SCN) imposing a 200% penalty must clearly specify the grounds of 'misreporting' as delineated in Section 270A.
The Madras High Court ruled that post-demerger revised Income Tax Returns (ITR) must be filed based on updated balance sheets and audited profit and loss accounts.
The Madras High Court ruled that an Income Tax Show Cause Notice imposing a 200% penalty must clearly specify the grounds of alleged misreporting to allow adequate defense.
The Supreme Court dismissed the Revenue's appeal concerning the classification of quicklime, affirming the CESTAT's ruling on its classification under CTH 2522.
The Madras High Court has quashed a duty drawback recovery order due to a 12-year delay in issuing the show cause notice and the lack of consideration of the petitioner's responses. This ruling underscores the necessity for timely action in customs matters.
The CESTAT Kolkata ruled that aluminium formwork is to be classified as a structure rather than a mould, thereby quashing the customs duty demand. This ruling clarifies the classification of such materials for taxation purposes.