Income Tax Acttax
Angel Tax Abolished, Yet Section 56(2)(viib) Scrutiny Continues
An overview of the abolition of angel tax for certain taxpayers and ongoing scrutiny under Section 56(2)(viib) for the assessment year 2026-27.
Jun 27, 2026Read more →
Legal News & Insights
AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
Tax Law News
Income Tax Acttax
NRI ITR Filing in India: Key Compliance Points
A comprehensive guide for NRIs on compliance surrounding Indian income tax, detailing taxable income and obligations related to ITR filing.
Jun 27, 2026Read more →
Income Tax Acttax
Is Tax Audit Compulsory Under Section 58(3) for Income Below 6%?
This article examines whether a tax audit is mandatory under Section 58(3) of the Income-tax Act when profits fall below 6%, emphasizing the need for legislative clarification.
Jun 27, 2026Read more →
Income Tax Appellate Tribunaltax
CA Not Taxable on Client Tax Payment Deposits: ITAT
The ITAT has ruled that a Chartered Accountant (CA) acting as a conduit for client tax payments cannot be taxed on funds deposited through their bank account as unexplained income.
Jun 27, 2026Read more →
Income Tax Appellate Tribunaltax
Income Tax Return Requires Section 143(2) Notice: ITAT
The Income Tax Appellate Tribunal (ITAT) has ruled that a return filed in response to a Section 148 notice still necessitates a subsequent notice under Section 143(2) before reassessment can occur.
Jun 27, 2026Read more →
Calcutta High Courtcriminaltax
Calcutta HC Grants Anticipatory Bail to Ex-MLA in Rs. 100 Cr Case
The Calcutta High Court differentiates between tax evasion and extortion claims while granting anticipatory bail to a former MLA. The court evaluated the gravity of the accusations against the accused’s personal circumstances.
Jun 27, 2026Read more →
CESTATtaxcustoms
Customs Liable to Pay Interest for Delayed EDD Refund After Assessment
The CESTAT ruled that Customs must pay interest on delayed refunds of Extra Duty Deposit, emphasizing that delays attract statutory interest regardless of litigation.
Jun 26, 2026Read more →
CESTATtaxcustoms
CESTAT Deletes Penalties as Importer Relied on Authorized Agency's Certificate
The CESTAT determined penalties on an importer were inappropriate because all relevant documents were submitted, including a certificate from an authorized agency. The Tribunal attributed any assessment failures to customs authorities.
Jun 26, 2026Read more →
Professional Accounting Standardstax
GST Compliance Checks Key for CAs Before Signing Audit Reports
The article provides guidelines for Chartered Accountants (CAs) on essential GST compliance checks necessary before signing audit reports to ensure accurate financial disclosures and mitigate risks.
Jun 26, 2026Read more →
Income Tax Appellate Tribunaltax
ITAT: Deduction u/s 80P(2)(a)(i) Not Denied for Clerical Errors
The Income Tax Appellate Tribunal has ruled that a co-operative society cannot have its deduction under Section 80P(2)(a)(i) denied due to clerical mistakes on tax returns. It emphasizes proper evaluation over minor errors.
Jun 26, 2026Read more →
Karnataka High Courttax
Karnataka HC Clarifies 'May' in GST Amnesty as Directory, Not Mandatory
The Karnataka High Court has clarified that the use of the word 'may' in the GST amnesty notification creates a directory timeline for filing declarations rather than imposing a mandatory obligation. The court directed authorities to reconsider taxpayers' requests pending resolution.
Jun 26, 2026Read more →
Madras High Courttax
Madras HC upholds 14.5% VAT on Inter-State Sales, Denies Benefit of Capital Goods
The Madras High Court upheld a 14.5% VAT on inter-state sales, ruling that capital goods cannot benefit without being used within the state.
Jun 25, 2026Read more →
Karnataka High Courttax
Karnataka HC Sets Aside GST Interest & Penalty Waiver as Act Does Not Permit It
The Karnataka High Court determined that interest under Section 50 of the CGST Act is mandatory and cannot be waived without statutory authority, thereby setting aside prior orders that granted waivers.
Jun 24, 2026Read more →