Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The ITAT has deleted the income tax addition concerning a substantial cash deposit in a joint account held by an NRI and her husband, citing lack of inquiry.
The Income Tax Appellate Tribunal (ITAT) Mumbai has deleted the deemed rental income addition on unsold properties classified as stock-in-trade for assessment year 2014-15.
The ITAT has quashed the Assessing Officer's revision regarding the Annual Letting Value (ALV) of properties owned by Sr. Advocate Mukul Rohatgi, determining that these properties were used for professional purposes.
The ITAT has deleted the addition of income tax under Section 69A against the Goyal group, asserting that the cash found during a search was already recorded in the company’s books of accounts.
The ITAT has granted a taxpayer a final opportunity for tax relief, conditioned on the planting of 500 trees. This ruling reiterates the intersection of environmental considerations and tax benefits.
The Delhi High Court has ruled that the transfer of a GST audit file to the Anti-Evasion Wing does not constitute a valid ground for a writ petition.
The Karnataka Taxpayers Association has submitted a representation to the CBDT, urging immediate action to resolve ongoing login failures on the Income Tax e-Filing portal. This follow-up addresses the pressing need to ensure taxpayers can comply with deadlines without undue stress.
The ITAT has deleted income tax additions against the Goyal family, concluding that cash found during a search operation was already recorded in their company’s books.
The Income Tax Appellate Tribunal (ITAT) ruled that an ONGC retiree can benefit from the enhanced exemption for leave encashment, despite retiring prior to the 2023 notification. This decision reaffirms the application of enhanced limits for those affected by past employment changes.
The Income Tax Department has released ITR-6 offline utilities for the assessment year 2026-27, available on their portal and in Excel format. This facilitates easier filing for companies.
The Income Tax Department has released ITR-6 offline utilities for companies for the Assessment Year 2026-27, available both on its portal and in Excel format. This facilitates tax compliance for corporate entities.
The Karnataka High Court has set aside a customs classification ruling concerning kitchen exhaust hoods, directing it be reconsidered with additional evidence on the presence of fans in the imports.