Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The Goods and Services Tax Appellate Tribunal (GSTAT) held that the 'Reasons, If Any' field in Column 8 of Form DRC-03 is not mandatory for a valid Input Tax Credit (ITC) reversal, allowing taxpayers to pursue claims without this requirement.
The ITAT determined that high-value transactions do not automatically trigger an income tax notice, allowing a taxpayer to receive a TDS refund of Rs. 5.31 lakh despite such notifications. This ruling aids in clarifying taxpayer rights regarding refunds.
The ITAT remanded a taxpayer’s political donation deduction claim, emphasizing that the disallowance cannot occur based solely on third-party statements without verifying the information through enquiry.
The ITAT has ruled that manual filing of CA-certified Form 26A is a mere procedural lapse and permits relief for a TDS demand. The decision reflects a lenient approach towards tax compliance procedural discrepancies.
The Income Tax Appellate Tribunal (ITAT) affirmed that tax rebate under Section 87A is allowable on short-term capital gains as per Section 111A. This decision clarifies the interplay between tax rebates and various capital gains categories for the assessment year.
The RBI has released its monthly data on India's international trade in services for July 2026, providing insights into service exports and imports.
The ITAT Jodhpur allowed 80G approval to Bhagavad Gita teachings, confirming religious expenditure remains below the 5% statutory limit.
The SAFEMA Appellate Tribunal dismissed 18 revenue appeals, ruling that share transactions, where owners knew about allotments, cannot be categorized as benami transactions. This decision clarifies the distinction between tax evasion and benami transactions.
The Calcutta High Court has ordered a bank to withhold Rs. 75.40 lakhs of demand due to CGST until the petitioner secures the amount.
The upcoming 57th GST Council meeting will address registration simplifications, marking its first convening in a year.
The ITAT has authorized a medical deduction of Rs. 50,000 for expenses incurred on the treatment of a senior citizen suffering from Parkinson's disease, highlighting the importance of supported medical claims.
The ITAT permitted a deduction of Rs. 50,000 for medical expenses incurred on a senior-citizen father diagnosed with Parkinson's disease. The ruling underscores the necessity of adequate documentation for such deductions.