Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
A recent digest clarifies under what circumstances errors made by Chartered Accountants can be accepted as 'reasonable cause' for non-compliance under the Income Tax Act. It provides crucial insights for legal practitioners in tax matters.
MTS-EILE has officially withdrawn its application concerning the applicable GST rate for an ongoing works contract. No ruling will be issued, clarifying the uncertainties surrounding the rate dispute.
The Rajasthan Authority for Advance Ruling has determined that merely having a GSTIN or making a fee payment does not automatically establish the status of a service recipient. A broader assessment of services rendered is necessary.
The ITAT has ruled that a buyer's PAN is not necessary for cash jewellery sales below Rs. 2 Lakhs, quashing an addition of Rs. 13.68 crores based solely on suspicion.
The ITAT ruled to delete a Rs. 15.35 lakh addition, establishing that GST records proved there was no suppression of sales. This sets a precedent for the reliance on proper documentation.
The Orissa HC has condoned an 18-day delay in filing Form 10B necessary for claiming exemptions under Section 12A of the Income Tax Act, acknowledging genuine hardship faced by the petitioner. This ruling is significant for non-profit organizations and trusts.
The Calcutta High Court ruled that writ petitions concerning DVO references are premature if they have not culminated in a final assessment order under the Income Tax Act.
The Income Tax Department has initiated a nationwide verification process targeting suspicious foreign remittances, scrutinizing 394 entities and 36 professionals to address discrepancies between reported turnover and remittances.
The ITAT ruled that cash deposited by a husband from his disclosed income cannot be added to the taxable income of his wife under Section 69A, finding that sufficient evidence existed regarding the source of the funds.
The Calcutta High Court ruled that a writ petition challenging a DVO reference is premature unless it culminates in a final assessment order. This decision emphasizes the procedural requirements necessary for challenging income tax determinations.
The Telangana High Court has permitted a fresh application for GST registration revocation after a cancellation due to non-filing of returns.
This week's ITAT round-up covers significant cases and decisions impacting income tax law.