Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
FeaturedPunjab & Haryana High Court upholds Section 16(2)(c) but prohibits automatic ITC reversal due to supplier default, laying down 14 binding guidelines for proper officers.
FeaturedThe FEMA Export-Import Regulations, 2026, consolidate and update compliance requirements for exporters, covering EDF, EDPMS, third-party payments, and merchanting trade, effective 1 October 2026.
FeaturedThe Reserve Bank of India (RBI) has introduced a mandatory Export Declaration Form (EDF) for service exporters, effective 1 October 2026. The requirement aims to strengthen external trade reporting under FEMA, with monthly filings due within 30 days.
FeaturedMadras HC quashed a GST search where the authorisation failed to clearly mention the power exercised under Section 67; DIN must be shared, and coercive payments are not voluntary.
FeaturedUnion Budget 2026–27 introduces changes affecting cross-border M&A, buyback taxation, IFSC incentives, and sector-specific liquidity.
FeaturedTelangana High Court granted anticipatory bail in a high-value fake ITC case, emphasizing custodial interrogation must be justified by tangible needs, not merely for recovery.
FeaturedThe Calcutta High Court ruled that a final GST demand cannot surpass the amount specified in the original show cause notice. The decision preserves procedural fairness and protects taxpayers from post-notice escalation.
FeaturedITAT Mumbai deletes ₹13.78 crore Section 69A addition due to lack of transaction-wise ownership nexus with assessee.
FeaturedDelhi HC held that failure to issue draft assessment order under Section 144C invalidates assessment of BVI-incorporated foreign company.
FeaturedTelangana HC quashed reassessment under Section 148A due to lack of tangible material indicating income escapement.
FeaturedTelangana HC quashed reassessment for AY 2019-20, ruling that reassessment cannot be based on demerged income already taxed in earlier years.
FeaturedChhattisgarh High Court bars reopening of completed assessment by successor AO based solely on belief that predecessor erred in allowing deductions.