AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The Madras High Court has denied condonation of a 15-day delay in an intra-court appeal, viewing it as an attempt to evade tax payments. However, it permits the assessee to seek statutory appellate remedies.
This article explains the taxation process of ESOPs and RSUs, highlighting the two stages of taxation when employees receive options and when they sell shares.
The CBDT organized a webinar that attracted over 1,100 participants globally, focusing on the new income tax framework, international tax, and transfer pricing under the Income-tax Act, 2025.
The Telangana High Court upheld the validity of a GST registration cancellation notice based on the taxpayer's detailed response.
The Bombay High Court ruled that recovery proceedings are invalid while the statutory period to file a GST appeal is still available.
The Andhra Pradesh High Court ruled that an unsigned GST assessment order is invalid, remanding the matter for fresh adjudication contingent upon a 20% tax deposit.
The ITAT has remanded ₹30 Lakh and ₹10.83 Lakh additions back to the Assessing Officer for reconsideration of property sale gains. The Tribunal emphasized proper evaluation of purchase costs.
The ITAT accepted an accountant's medical emergency as sufficient cause for delay in evidence submission, setting aside corresponding capital additions and directing fresh verification.
The ITAT accepted an accountant's medical emergency as a valid reason for the delay in submitting evidence and has remanded the case for fresh adjudication.
The Bombay High Court quashed reassessment notices stating that the sanction was obtained under an incorrect provision, invalidating the notices.
The Orissa High Court quashed reassessment proceedings initiated 17 years post the relevant tax period, ruling them time-barred under the Odisha Entry Tax Act.
The CBIC has released revised guidelines to standardize data entry procedures within the DIGIT system, aimed at enhancing consistency and efficiency across the platform.
A recent CBDT webinar attracted over 1,100 international participants, focusing on India's evolving tax regulations. The discussion encompassed cross-border cooperation and upcoming reforms under the new Income-tax Act and Rules.