Income Tax Appellate Tribunaltax
ITAT Restricts Suppressed Turnover Profit Estimation to 2.5%
The ITAT granted partial relief, restricting the estimated profit rate on suppressed turnover from 8% to 2.5% for the taxpayer.
May 14, 2026Read more →
Court News
Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
Income Tax Appellate Tribunaltax
ITAT Grants Deduction for Interest from Nationalized Bank Investments
The ITAT has ruled that interest earned from investments in nationalized banks qualifies for deduction under Section 80P(2).
May 14, 2026Read more →
Income Tax Appellate Tribunaltax
ITAT Quashes Revision Against Agricultural Income Claim
The ITAT ruled that action against a ₹41.63 lakh agricultural income claim was unjustified due to detailed AO verification.
May 14, 2026Read more →
Income Tax Appellate Tribunaltax
ITAT Rules Penalty Proceedings Cannot Precede Quantum Appeal Disposal
The ITAT has upheld that penalty proceedings under Section 271(1)(c) cannot be resolved before the corresponding quantum appeal is adjudicated.
May 14, 2026Read more →
CESTATtax
Mandarin Orange Classifiable Under Residual Citrus Juice Category
CESTAT ruled that mandarin juice is distinct from orange juice and should be categorized under the residual citrus juice category for customs purposes.
May 14, 2026Read more →
MCAcorporatetax
MCA Imposes Penalty on Innoctive Technologies for Fund Misuse
The Ministry of Corporate Affairs has imposed a ₹4 lakh penalty on Innoctive Technologies for prematurely utilizing funds raised through private placement. This enforcement action underscores the importance of compliance with funding regulations.
May 13, 2026Read more →
CBICtaxcorporate
New Customs Station Opens in Village Namli, Ratlam
The CBIC has officially designated Village Namli, Ratlam, as a new customs station for imports and exports. This designation is expected to enhance trade access in the region, facilitating smoother customs operations.
May 13, 2026Read more →
DGFTcorporatetax
DGFT Requires Prior Approval for HQ Officers on Leave or Official Tour
The Directorate General of Foreign Trade (DGFT) has mandated that requests for leave or official tours by HQ officers must be submitted for prior approval. This procedural change aims to streamline processes within the department.
May 13, 2026Read more →
Calcutta High Courtcorporatetax
Calcutta HC Grants Extension for Leg Fractured Assessee's Appearance
The Calcutta High Court has directed the GST Authority to consider the petitioner’s request for an extension of time to appear for an enquiry due to a leg fracture. This decision emphasizes the court's consideration of genuine health issues affecting legal obligations.
May 13, 2026Read more →
N/Atax
GST Nil Returns: Everything You Need to Know (Without Headache)
The article outlines the requirements for filing GST Nil Returns despite zero sales or tax liabilities, emphasizing compliance to avoid penalties.
May 13, 2026Read more →
GST Counciltax
Recent Updates in GST: A Review of Statutory, Administrative & Judicial Developments
This article reviews significant GST changes and developments from September 2025 to September 2026, including statutory amendments and GSTAT appeals.
Sep 7, 2026Read more →
Madras High Courttax
Madras HC Closes GST Limitation Challenges After State Tax Officer Report
The Madras High Court has dismissed two GST limitation challenges and disposed of a third case following a favorable report from the State Tax Officer.
Sep 7, 2026Read more →