AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The GSTN announced a revised timeline for the amendment of Aggregate Annual Turnover (AATO) for FY 2025-26 due to system upgrades. The amendment window is from July 1-31, 2026.
Chhattisgarh High Court granted bail in a ₹7.59 crore fake ITC case due to lack of evidence linking the applicant to the firm. The court left other issues of involvement for trial.
The RBI's Sixth Amendment clarifies the SNRR account usage for startups without altering FDI legal classifications. This modification broadens online access while safeguarding existing definitions.
This article identifies frequent mistakes in the RBI's FLA Return filing, emphasizing the need for accurate reporting to avoid regulatory scrutiny.
Recent FEMA reforms have streamlined downstream investments in India, yet unresolved issues regarding foreign ownership and pricing rules persist. This highlights the need for regulatory clarification to better facilitate investment.
ITAT ruled that interest from government grants held in fixed deposits is not taxable if defined as project fund corpus in an MOU.
The ITAT ruled that Section 12AB registration for trusts cannot be denied due to lack of an irrevocability clause.
ITAT has ruled that missing year-wise bifurcation in satisfaction notes does not invalidate Section 153C orders.
This article discusses the complexities surrounding the reporting of cryptocurrency in income tax filings, covering legal provisions, compliance issues, and reconciliation challenges.
CBIC has launched a fast-track customs clearance procedure for pollution response equipment, enhancing emergency response capabilities.
CESTAT has deleted penalties imposed on an importer who correctly relied on a certificate issued by an authorized agency during customs assessment.
CESTAT has ruled that customs cannot confiscate gold if GST records and purchase documents establish lawful ownership, highlighting the burden of proof under Section 123.
The Gujarat High Court has quashed a corrigendum that introduced new allegations after the conclusion of the adjudication hearing, affirming the need for procedural integrity.