AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The Gujarat High Court has ruled that customs authorities cannot indefinitely detain an imported vehicle without a seizure order, ordering the release of a Land Cruiser held beyond the statutory limit. This ruling emphasizes the necessity for procedural compliance from customs officials.
The Allahabad High Court has quashed a GST order due to the violation of natural justice, where a notice was only uploaded to the portal post-registration cancellation.
The ITAT quashed a reassessment order, citing lack of application of mind in PCIT's approval under Section 151 of the Income Tax Act, highlighting the need for thorough review processes.
At the Gujarat High Court Arbitration Centre event, ASG N Venkataraman assured that the Central government will not collect taxes that are not due. This reassurance reflects a commitment to protect businesses from abusive practices by tax officials.
The Madras High Court upheld the deletion of addition under Section 68 related to penny stock gains, emphasizing that mere suspicion does not replace the evidentiary link required to prove price manipulation. This ruling reinforces the necessity for tangible evidence in tax assessments.
The ICAI has reprimanded a Chartered Accountant for conducting three tax audits without a valid certificate of practice and imposed a fine of ₹50,000. This ruling emphasizes the necessity for compliance with certification regulations under the CA Act.
The Madras High Court has quashed a customs duty and penalty demand of ₹4.56 crore against a clearance facilitator, citing insufficient evidence of knowledge regarding concealed goods. This ruling reinforces the standards for liability in customs breaches.
The Delhi High Court has ruled that clearance from a Free Trade and Warehousing Zone (FTWZ) to a Domestic Tariff Area (DTA) constitutes a new import, thus denying related re-import exemptions. This ruling impacts businesses operating between FTWZ and DTA.
In a recent ruling, the Delhi High Court upheld customs liability related to manipulated duty scrips while setting aside the separate penalty imposed under Section 112. The decision clarifies the application of penalties in cases of forged documentation.
The Delhi High Court has upheld the refusal of CESTAT to condone a 968-day delay in a customs appeal, noting there was no substantial question of law or adequate reason provided for the delay. This reinforces the strict adherence to timelines in customs litigation.
The Gujarat High Court has ruled that customs authorities cannot indefinitely detain an imported vehicle without a formal seizure order. This decision highlights the legal limitations imposed by Section 110 of the Customs Act regarding the detention period of goods.
The ITAT Bangalore has granted transfer pricing relief by excluding functionally dissimilar and high-turnover comparables while treating doubtful debts as operating expenses.
ITAT Delhi has upheld the exclusion of functionally dissimilar BPO comparables and granted Section 10A deduction for IT-enabled services, emphasizing the need for accurate comparable selection in transfer pricing.