Lucknow ITATtax
Lucknow ITAT: Sales Spike Not Taxable as Unexplained Cash
The Lucknow ITAT held that cash sales recorded during demonetisation cannot be taxed as unexplained income simply due to a spike in sales figures.
Aug 11, 2026Read more →
Legal News & Insights
AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
Tax Law News
Bombay High Courttax
Bombay HC Rules Ambiguous Penalty Notices Invalid
The Bombay High Court has dismissed a revenue appeal, ruling that an ambiguous notice under Section 271(1)(c) cannot sustain a penalty when it fails to specify the relevant limbs.
Aug 11, 2026Read more →
N/Ataxcorporate
Maruti Seeks Amnesty Scheme to Resolve Legacy Tax Disputes
Maruti Suzuki is advocating for an amnesty scheme to address legacy tax disputes, which its CFO claims would unlock capital and promote growth, particularly under the evolving GST framework.
Aug 11, 2026Read more →
GSTATtax
GSTAT Confirms Project-Specific ITC Benefits for Buyers
The GST Appellate Tribunal (GSTAT) has affirmed that input tax credit (ITC) benefits are specific to projects, ensuring that buyers post-GST may still benefit even with construction spanning both tax regimes.
Aug 10, 2026Read more →
GSTATtax
GSTAT: Projects Outside GST Timeline Exempt from Anti-Profiteering Review
The Goods and Services Tax Appellate Tribunal (GSTAT) has ruled that projects completed before GST implementation or those yet to commence do not fall under the ambit of anti-profiteering investigations.
Aug 10, 2026Read more →
CESTATtax
CESTAT Confirms CENVAT Credit Pre-Amendment to Rule 12
The CESTAT has ruled that CENVAT credit cannot be denied for periods before the 2014 amendment to Rule 12 in the absence of an express prohibition.
Aug 10, 2026Read more →
CESTATtax
CESTAT Distinguishes GTA and C&F Services Under Tax Regulations
The CESTAT has ruled that Goods Transport Agency (GTA) services and Clearing and Forwarding (C&F) agency services are distinct, leading to the quashing of a service tax demand.
Aug 10, 2026Read more →
CESTATtaxreal_estate
CESTAT Quashes Service Tax Demand on Builders' Residential Projects
In a recent ruling, the CESTAT quashed a service tax demand on builders' own residential projects executed prior to July 1, 2010, impacting taxation practices for real estate developers.
Aug 10, 2026Read more →
CESTATtaxcorporate
CESTAT Approves Excise Duty Exemption for Tailor-Made Castings
The CESTAT has ruled that tailor-made unmachined castings used in wind-operated electricity generators are exempt from excise duty, setting a precedent for similar manufacturing categories.
Aug 10, 2026Read more →
Bombay High Courttax
Bombay HC Rules No TDS on Interest from Co-operative Bank to Non-member Societies
The Bombay High Court has ruled that no Tax Deducted at Source (TDS) under Section 194A applies to interest paid by co-operative banks to non-member co-operative societies, overturning the appellate tribunal's decision.
Aug 10, 2026Read more →
Bombay High Courttaxlabour
No TDS Applicable on Interest Paid by Co-operative Banks to Non-member Societies
The Bombay High Court has set aside an appellate tribunal's order, confirming that TDS under Section 194A does not apply to interest payments made by cooperative banks to non-member cooperative societies.
Aug 9, 2026Read more →
Income Tax Appellate Tribunaltax
ITAT Finds Non-Reference to TPO a Procedural Irregularity
The ITAT ruled that a non-reference to the Transfer Pricing Officer (TPO) for arm's length price determination is a curable procedural irregularity, restoring the matter for further examination.
Aug 9, 2026Read more →
Income Tax Appellate Tribunaltax
ITAT Ruling on Jurisdiction under Section 153C
The ITAT held that once jurisdiction under Section 153C is validly assumed, the AO can consider subsequent information from the Investigation Wing. This decision clarifies procedural aspects regarding the assessment process in tax cases.
Aug 9, 2026Read more →