AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The Gauhati High Court quashed a GST registration cancellation notice for lacking necessary details, emphasizing the need for clarity in notices issued by tax authorities.
The ITAT Kolkata has set aside an income tax addition for alleged bogus purchases, as sales were accepted and suppliers confirmed the transactions under Section 133(6). The ruling emphasizes the significance of corroborating evidence in tax assessments.
The ITAT Pune has ruled that ex-gratia compensation received under the BSNL Voluntary Retirement Scheme 2019 is exempt from tax under Section 10(10B) of the Income Tax Act, recognizing it as retrenchment compensation.
The ITAT Chennai has deleted penalties under Sections 41 and 43 of the BMA, ruling that the non-disclosure of ESOP shares constituted an inadvertent, bona fide omission. This ruling highlights the importance of intent in penalty assessments.
The ITAT determined that the limitation period for invoking revisionary jurisdiction must be calculated from the original assessment order date, quashing the related revision order. This ruling underscores the importance of adherence to procedural timelines.
The ITAT has ruled that taxpayers retain the right to carry forward capital losses even if a revised ITR is filed after the deadline, provided the original ITR was submitted on time. This decision safeguards taxpayer rights within income tax regulations.
The CESTAT Mumbai has ruled that quicklime is classified under CTH 2522, setting aside previous duty demand and penalties while confirming exemption benefits.
CESTAT Delhi held that imported quicklime with less than 98% CaO is duly classified under Chapter 25, allowing the appeal and confirming prior duties were misclassified.
CESTAT has determined that Quick Lime should be classified under CTH 2522, directing the refund of duty and interest, while setting aside previous demands for duty.
The Reserve Bank of India conducted an underwriting auction on July 24, 2026, establishing the cut-off rate for underwriting commission payable to Primary Dealers. This auction pertains to additional competitive underwriting of government securities.
The Gauhati High Court ruled that objections related to the non-issuance of Form GST ASMT-10 and audit material can be raised before the statutory appellate authority. This decision clarifies the procedural rights of taxpayers under GST.
The ITAT has upheld that 'interest on interest' is not applicable in the context of partial refund adjustments as per Section 244A of the Income Tax Act.
The government has granted income tax exemption to the Delhi Pollution Control Committee, applicable to non-commercial activities, ensuring continuity across taxing regimes.