AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The Delhi CESTAT upheld a ruling that an importer who accepted an enhanced valuation of goods could not contest the assessment later. The decision underscores the legal weight of acceptance in customs evaluations.
The Delhi High Court quashed PRC orders for failing to properly examine an exporter's claim regarding a glitch in the transmission of data to ICEGATE. The Court emphasized that material facts and repeated representations were neglected by the authorities.
The Kerala High Court has temporarily stayed garnishee proceedings and directed the VAT Tribunal to decide on a stay application within one month. This ruling provides clarity on the timeline for administrative processes related to taxation.
The ITAT has directed a re-examination of a loan transaction attributed to Odisha Finlease due to lack of lender verification.
The ITAT has allowed the condonation of delay in an appeal by an NRI who pursued his case before the incorrect forum in good faith.
The ITAT ruled that the costs related to improvements cannot be disallowed solely based on a subsequent cancellation of a supplier's VAT registration.
The ITAT upheld the deletion of additions that were made solely on procedural grounds, emphasizing substantive evaluation over mere technicalities.
The ITAT deemed State Bank of India liable for not deducting tax on LFC payments related to foreign travel and distinguished a past High Court order based on the absence of specific interim relief.
The ITAT Delhi found that notional interest on advances cannot be taxed unless there is actual income accrual, ensuring fair tax treatment for business transactions.
Starting June 1, the new E-Way Bill threshold in West Bengal will be ₹50,000, down from ₹1 lakh. This change impacts small and medium enterprises, necessitating updates to invoicing and transport documentation.
The ITAT upheld the genuineness of software development charges, countering the Department's objections regarding the movement of trust funds out of India based on a digital forensic report.
This week’s roundup from the ITAT covers significant cases, including rulings on software development charges validity and share application additions. It highlights critical legal principles relevant for tax practitioners.
The ITAT ruled that a genuine mistake made in the withdrawal of an appeal does not undermine a settlement reached under the Direct Tax Vivad Se Vishwas Scheme, 2020, emphasizing the intent to resolve disputes.