Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
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.
ITAT Delhi quashed a penalty under Section 271AAB due to defective show-cause notices that failed to specify the exact statutory clause violated, violating principles of natural justice.
ITAT Chennai allowed capital gains deduction under Section 54 for construction on a plot owned by the assessee's wife, provided construction was completed within three years and funds were traceable.
ITAT Lucknow held that issuing a Section 143(1) intimation after a scrutiny notice defeats the purpose of Section 143(1) and renders the adjustment invalid. The assessment based on it was set aside.
ITAT Delhi quashed reassessment proceedings where undisclosed investment in property was alleged solely based on ledger entries, holding that lack of buyer/seller status and absence of notice under Section 143(2) vitiated the proceedings.