Karnataka High Courttax
Omitted CGST Rule 96(10) Inapplicable to Pending Refunds
Karnataka HC held that omitted Rule 96(10) of CGST Rules cannot apply to pending refund proceedings without a saving clause.
Sep 28, 2026Read more →
Court News
Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
ITAT Chennaitax
E-Verification Timing: Return Deemed Filed on Original Date
The ITAT Chennai held that an income tax return e-verified after filing is deemed filed on the original due date for interest under Section 234A, as long as filed within the extended time.
Sep 28, 2026Read more →
Reserve Bank of Indiacorporatetax
Indian Residents Investing in Dubai Companies: Compliance Guide
FEMA, LRS, ODI, and tax rules clarified for Indian residents setting up or investing in Dubai entities, with emphasis on reporting and substance requirements.
Sep 28, 2026Read more →
Reserve Bank of Indiabankingcorporate
Overseas Forex Accounts for Exporters: 2025 FEMA Rules
RBI’s 2025 FEMA amendments allow exporters to hold overseas foreign currency accounts with strict reporting and repatriation obligations.
Sep 28, 2026Read more →
Reserve Bank of Indiabankingcorporate
RBI Amends Investment Valuation Norms for InvITs and REITs
RBI revises valuation norms for InvIT and REIT units held by AIFIs, Small Finance Banks, and Payments Banks to enhance transparency in asset pricing.
Sep 28, 2026Read more →
Reserve Bank of Indiabankingtax
FEMA Export-Import Regulations 2026: Key Changes from 1 Oct
The RBI has introduced amended Export-Import Regulations under FEMA, effective 1 October 2026, streamlining timelines, EDPMS compliance, and AD bank obligations for exporters and importers.
Sep 28, 2026Read more →
Bombay High Courttax
Bombay HC: Infrastructure Work Eligible for S. 80-IA(4) Deduction
Bombay HC allows deduction under Section 80-IA(4) for infrastructure development activities, affirming eligibility of eligible projects.
Sep 27, 2026Read more →
Telangana High Courttax
Telangana HC: Participation Bars Challenge to Jurisdiction u/s 127
Taxpayers who sought centralisation and participated in proceedings can’t later challenge jurisdiction transfer under Section 127.
Sep 27, 2026Read more →
Income Tax Appellate Tribunaltax
ITAT: SBI Not Liable for TDS Default on LFC Payments
ITAT rules SBI not in default for TDS on LFC payments as it acted per instructions; travel outside India breaks taxability chain.
Sep 27, 2026Read more →
Income Tax Appellate Tribunaltax
ITAT: S. 69 Cannot Apply to Books-Recorded Investments
ITAT deletes ₹126.58 lakh addition, holding that Section 69 cannot treat duly recorded investments as unexplained merely due to source inquiries.
Sep 27, 2026Read more →
Income Tax Appellate Tribunaltax
ITAT: 10% Stamp Duty Tolerance Is Retrospective
ITAT deletes ₹3.77 lakh addition, holding 10% tolerance band between stamp duty value and consideration is curative and applies retrospectively.
Sep 27, 2026Read more →
Income Tax Appellate Tribunaltax
ITAT: Rectified Defective Return Relates Back to Original Date
ITAT quashes Rs. 6.39 crore addition, holding time-barred notice under Section 143(2) as defective return retains original filing date for limitation.
Sep 27, 2026Read more →