Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The Gujarat High Court has ruled to allow a delay in Form 10 filing for AY 2016-17, highlighting that the first-time e-filing oversight warrants condonation. This decision emphasizes the court's approach towards leniency for procedural errors in tax compliance.
The Pune ITAT has granted a reduction of ₹5 lakh from the ₹13.76 lakh addition due to cash deposits under Section 69A, rejecting the taxpayer's peak-credit theory for lack of evidence. This decision emphasizes the necessity of substantiation in tax claims.
The Kerala High Court has ruled that delays in filing a rectification application do not provide sufficient grounds to deny a taxpayer's entitlement to Input Tax Credit (ITC), affirming taxpayer rights under the GST regime.
The Central Government has revised central excise duties on petrol, diesel, and ATF exports, effective August 15, reducing the Special Additional Excise Duty on ATF exports. These changes can impact exporters significantly.
The Delhi High Court has rejected the revival and impleadment applications regarding a reassessment challenge. The court allowed writ amendments while maintaining the status quo on recovery and penalty proceedings.
The Allahabad High Court quashed a VAT demand of Rs. 5 lakhs, stating that enhancements in turnover cannot be justified without any adverse material. This ruling is pertinent for businesses facing VAT assessments.
In a recent ruling, the ITAT has deleted an income tax addition of Rs. 23.33 crores, classifying the incorrect entry in the Income Tax Return (ITR) as a simple clerical error. This decision provides a significant precedent for taxpayers disputing high addition amounts based on minor errors.
The Kerala High Court dismissed a review petition after the petitioners did not pursue the relief sought during the hearing process.
The article outlines critical timelines, LSF requirements, and common errors in the FC-GPR reporting process under FEMA regulations. It serves as a guide for practitioners to ensure compliance and accurate submissions.
The Punjab and Haryana High Court has permitted a GST accused to travel internationally, highlighting that the apprehension of flight risk was insufficient to deny the right to travel. The decision emphasizes the balance between personal rights and ongoing GST prosecutions.
The GST limitation periods outline key timelines for issuance of Show Cause Notices (SCNs) and order deadlines under Sections 73, 74, and 74A. The retention period for records has also been clarified, allowing practitioners to navigate compliance requirements effectively.
The GST Appellate Tribunal (GSTAT) has ruled that appeals related to the refund of pre-GST unutilized CENVAT credit must be filed before the CESTAT, not GSTAT.