Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The Gujarat High Court has quashed a Section 148 notice issued against a deceased taxpayer for the assessment year 2012-13. The ruling highlights the necessity of issuing notices only to legally responsible individuals.
ITAT Delhi has ruled in favor of a taxpayer by deleting the section 270A penalty where disputed treaty income was fully disclosed, confirming that the taxability issue was debatable. This decision underscores the importance of transparency in tax declarations.
The ITAT Bangalore has deleted the addition under section 69A, confirming that agricultural sale proceeds substantiated by relevant records can stand even if the crop is missing in the RTC. This ruling emphasizes the importance of documentation in agricultural transactions.
The Fourth Amendment to FEMA Non-Debt Instruments Rules, 2019 now permits inventory-based e-commerce exports of Indian goods under the Foreign Trade Policy 2023. This update is a key regulatory development that expands the framework for e-commerce operations.
The Karnataka High Court ruled that there is no KVAT penalty for the temporary unloading of goods during interstate transit if the movement is adequately explained. This decision provides clarity on the handling of tax liabilities during transportation.
The ITAT Ahmedabad has allowed a taxpayer to claim a ₹1.50 lakh Section 80C deduction via a revised return as relief under Section 119(2)(b).
The ITAT Mumbai has eliminated a nil arm's length price adjustment in transfer pricing, allowing for a working-capital adjustment and excluding functionally dissimilar comparables.
The ITAT Mumbai has ruled that low returned income cannot invalidate a loan agreement without a thorough investigation into the fund trail, highlighting the need for diligent scrutiny in tax assessments.
The Delhi ITAT has deleted an ₹11.12 crore on-money addition, ruling that uncorroborated WhatsApp chats and lack of cross-examination do not suffice for tax assessment. This case reaffirms the need for independent verification in tax proceedings.
The Institute of Chartered Accountants of India (ICAI) reprimanded a Chartered Accountant for conducting Tax Audit Reports while holding a part-time Certificate of Practice (COP), emphasizing the need for full-time engagement.
The CESTAT Ahmedabad has remanded a customs broker licence revocation decision, finding that relied-upon statements were not provided, thus violating the principles of natural justice. This ruling stresses the importance of fair hearing in regulatory actions.
The Delhi High Court upheld the refusal by CESTAT to condone a 968-day delay in filing a customs appeal, concluding that there was no substantial question of law or sufficient cause to warrant the delay. This ruling reinforces the strict adherence to timelines in customs litigation.