N/Ataxreal_estate
RCM Under GST for Real Estate Promoters: TDR, FSI and Long-Term Lease
Real estate promoters are now liable to pay GST under the reverse charge mechanism for TDR, FSI, and long-term leases received.
Jun 9, 2026Read more →
Court News
Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
Karnataka High Courttax
Karnataka HC Remands Matters on Section 147A of Income Tax Act
The Karnataka High Court remanded cases related to the retrospective insertion of Section 147A of the Income Tax Act, granting assessees the opportunity to challenge its constitutional validity.
Jun 6, 2026Read more →
Income Tax Appellate Tribunaltax
Income Escaped Assessment Limits Set by ITAT
The ITAT has established that an amount exceeding ₹50 lakhs must be present for reopening an assessment after three years, invalidating prior approvals under Section 151.
Jun 6, 2026Read more →
Income Tax Appellate Tribunaltaxcorporate
No Assessment Proceedings during Moratorium Period: ITAT
The Income Tax Appellate Tribunal (ITAT) has ruled that no assessment or reassessment proceedings can be initiated against a company during the moratorium period under the Insolvency and Bankruptcy Code, 2016.
Jun 6, 2026Read more →
ITATtax
ITAT Initiates Priority Disposal Mechanism for Old Appeals
In response to increasing backlog, the ITAT has implemented a priority disposal mechanism for appeals filed by 2022. This initiative aims at expediting hearings and reducing delays in tax litigation.
Jun 6, 2026Read more →
N/Acriminaltax
CBI Arrests Income Tax Official Amid Bribery Allegations
The CBI has arrested an Income Tax Office Superintendent in Odisha for allegedly accepting a bribe to delete a duplicate PAN card. This case highlights ongoing efforts to combat corruption in public offices.
Jun 6, 2026Read more →
Securities Appellate Tribunalcorporatetax
Prima Facie Revenue Misrepresentation by Rajesh Exports Limited: SEBI
SEBI has found prima facie evidence of revenue misrepresentation by Rajesh Exports, highlighting a lack of verifiable subsidiary records supporting reported revenues. This raises significant concerns about the accuracy of financial disclosures.
Jun 6, 2026Read more →
Ministry of Corporate Affairscorporatetax
MCA Expands CSR Investment Options
Recent MCA changes broaden CSR scope by endorsing investment in Zero Coupon Zero Principal Instruments.
Jun 5, 2026Read more →
Ministry of Corporate Affairscorporatetax
CSR Funds Utilization via Social Stock Exchange
New amendments by the MCA allow companies to utilize CSR funds through Zero Coupon Zero Principal instruments listed on the Social Stock Exchange, offering a regulated avenue for CSR investments.
Jun 5, 2026Read more →
Income Tax Appellate Tribunaltaxreal_estate
Section 68 Applies Even to Customer Advances: Pune ITAT Remands Addition
The Pune ITAT ruled that Section 68 applies to customer advances, affirming that real estate developers must substantiate these credits to avoid tax complications.
Jun 4, 2026Read more →
Bombay High Courttaxproperty
TDS not deductible on National Highway Land Acquisition Compensation
The Bombay High Court ruled that compensation under the National Highways Act is exempt from TDS as per the Land Acquisition Act. This decision quashed earlier orders imposing TDS deductions.
Jun 4, 2026Read more →
Madras High Courttax
Madras HC Quashes Equalisation Levy on Zoho's US Subsidiary Reimbursements
The Madras High Court has quashed the equalisation levy demand on Zoho's reimbursements made to its US subsidiary, ruling it exempt under current tax provisions. This decision orders a reconsideration of a Rs. 57.1 crore refund claim.
Jun 4, 2026Read more →