₹13 Crore Fake ITC: Bombay HC Denies Bail
Bombay HC denies bail in ₹13 crore fake GST ITC case involving 12 non-existent suppliers; invoices lacked actual supply.
Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
Bombay HC denies bail in ₹13 crore fake GST ITC case involving 12 non-existent suppliers; invoices lacked actual supply.
Bombay High Court denies anticipatory bail in a ₹29.7 crore fake GST ITC case involving non-existent firms, citing necessity of custodial interrogation.
Bombay High Court denies anticipatory bail in a ₹23 crore fake ITC case, citing need for custodial interrogation to probe shell companies and fraudulent invoicing.
Madras High Court upheld bail in a GST case, emphasizing that grounds for arrest under Section 69 must be recorded in writing and communicated to the accused. Failure to comply renders the arrest suspect.

DGFT has extended the RoDTEP scheme for exporters until December 31, 2026, without altering existing rates or value caps. The extension provides stability amid ongoing WTO negotiations.

RBI now requires all goods and services exporters to file an Electronic Data Format (EDF) declaration with designated banks from October 1, 2026. The move aims to streamline forex monitoring and export data capture.

The ITAT has held that statements, spot verification, and post-search inquiries alone cannot serve as incriminating material to justify additions under Section 153A, deleting loan and interest disallowances under Sections 68 and 69C.

The Gujarat High Court held that reopening a scrutiny assessment is invalid if it is based on a mere change of opinion or misreading of an audit report, without fresh tangible material indicating escapement of income.
The 57th GST Council proposed return reforms to resolve input tax credit mismatches automatically, enhancing compliance efficiency and reducing disputes.
The 57th GST Council meeting recommended raising the threshold for tax notices under Sections 73 and 74 to ₹10,000, aiming to reduce litigation burden on small taxpayers.
ITAT Pune allowed deductions under Section 80P(2)(d) for interest income earned by a cooperative society from a cooperative bank, distinguishing it from commercial deposits.
ITAT Mumbai held that CIT(E) cannot impose additional conditions beyond statutory requirements for granting registration under Sections 12AB and approval under 80G.