Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
In a recent ruling, the Delhi High Court upheld customs liability related to manipulated duty scrips while setting aside the separate penalty imposed under Section 112. The decision clarifies the application of penalties in cases of forged documentation.
The Delhi High Court has upheld the refusal of CESTAT to condone a 968-day delay in a customs appeal, noting there was no substantial question of law or adequate reason provided for the delay. This reinforces the strict adherence to timelines in customs litigation.
The Gujarat High Court has ruled that customs authorities cannot indefinitely detain an imported vehicle without a formal seizure order. This decision highlights the legal limitations imposed by Section 110 of the Customs Act regarding the detention period of goods.
The ITAT Bangalore has granted transfer pricing relief by excluding functionally dissimilar and high-turnover comparables while treating doubtful debts as operating expenses.
ITAT Delhi has upheld the exclusion of functionally dissimilar BPO comparables and granted Section 10A deduction for IT-enabled services, emphasizing the need for accurate comparable selection in transfer pricing.
The Chhattisgarh High Court has upheld a compensation amount of Rs. 37.74 lakh for a motor accident victim, ruling that no tax deduction is applicable when the income falls within the Section 87A rebate threshold.
The ITAT Mumbai has restored the 12AB registration for the National Health & Education Society and rejected grounds of commerciality and foreign expenditure. This decision also allows the society to appeal for 80G registration.
The Delhi High Court has quashed a ₹533.79 crore sales tax demand against the Railways. The court ruled that only rolling stock owned and transferred to the Indian Railway Finance Corporation constitutes a taxable sale.
The National Company Law Tribunal (NCLT) dismissed Ernst & Young LLP's insolvency petition for ₹3.11 crore, questioning the validity of a claimed 1% success fee for securing GST relief. NCLT has directed the ICAI to review the fee structure and its implications.
The Madras High Court has held that interest earned by a charitable trust from fixed deposits of Self-Help Group funds is taxable, where no specific instructions were given by the donors.
The Calcutta High Court upheld the ITAT ruling that extraordinary contributions to superannuation funds made to cover actuarial deficits are not limited by Rule 87. The court deleted a Rs. 648.84 crore disallowance.
The ITAT ruled that income tax additions under Section 68 were unwarranted where unsecured loans and share capital were already disclosed in audited financials. This ruling led to the deletion of Rs. 3.25 crore additions.