AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The Chhattisgarh High Court has granted regular bail to the accused in a GST E-Way Bill manipulation case, citing lack of criminal antecedents and the absence of a filed charge sheet. The decision considers the applicant’s clean record and previous custody period.
The Himachal Pradesh High Court has allowed a delayed appeal against a GST demand of Rs. 28.54 lakh, requiring the taxpayer to deposit 50% of the assessed amount.
The Karnataka High Court has ruled that rental charges for Electronic Data Capture Terminals (EDCT machines) are subject to VAT, asserting that retaining ownership does not negate the transfer of the right to use.
The Chhattisgarh High Court has granted regular bail to accused individuals in an alleged GST e-way bill manipulation case after considering their clean criminal record and the absence of a charge sheet.
The Income Tax Appellate Tribunal (ITAT) ruled that the repurchase of unexercised Employee Stock Options (ESOPs) by Flipkart should be taxed under Long-Term Capital Gains (LTCG) rather than as a salary perquisite.
The CBDT has granted income tax exemption for FY 2026-27 to the District Legal Services Authority on grants, donations, fees, and interest income. This exemption is conditional on adherence to restrictions concerning non-commercial activities and the requirement to file returns under Section 263(9)(c)(xiii).
The Madras High Court has ruled that opting for a writ petition instead of a customs appeal does not constitute adequate grounds for delay in addressing customs matters, emphasizing strict adherence to procedural timelines.
CESTAT has reversed a customs demand, ruling that extended limitation periods cannot be applied in classification disputes, thereby preserving the rights of importers.
CESTAT has ruled that the absence of a challan is not sufficient grounds to deny a customs refund claim, thus emphasizing the importance of substantive claims over procedural deficiencies.
CESTAT Chennai has ruled that customs refund claims under Section 27 are invalid without a reassessment of the Bill of Entry. This decision clarifies the requirements for valid refund claims.
CESTAT Chandigarh has ruled that transaction values cannot be dismissed solely based on Directorate of Valuation guidelines without supporting evidence. This ruling underscores the importance of substantiation in customs valuations.
CESTAT has ruled that an importer is entitled to a 12% interest rate on delayed refunds for investigation deposits, modifying previous rulings that granted a lower rate. This decision sets a new precedent for interest calculations.
SEBI's new buy-back freeze framework integrates promoter trading restrictions during buy-backs at the ISIN level, marking a shift to preventive compliance.