Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The ITAT Rajkot quashed the reassessment for AY 2020-21 and deleted a ₹5.40 crore addition due to defective sanction and lack of nexus.
The ITAT has ruled that a delay in submitting Form 3CL cannot deny a research and development deduction of ₹3.97 crores, remanding the assessment of a ₹39.66 crore loss for further verification.
The Kerala High Court has dismissed AVT McCormick's claim for a refund of Rs. 49.54 lakhs citing failure to establish transitional Input Tax Credit claims.
Karnataka High Court has authorized the sale of seized goods under Section 129(6) of the KSGST Act, contingent upon the owner's failure to pursue appellate remedies.
The Karnataka High Court has affirmed that hydraulic oil qualifies as a taxable petroleum product under state tax provisions, which has significant implications for businesses dealing with such commodities.
The Income Tax Appellate Tribunal has restricted a Rs. 1.80 crore addition under Section 68 for a hospital during the demonetisation period to a maximum of Rs. 5 lakh, citing insufficient evidence for the larger claim.
The SAFEMA Appellate Tribunal dismissed 18 revenue appeals, ruling that share transactions could not be classified as benami if the owners were aware of the allotments, indicating a significant interpretation on the distinction between tax evasion and benami transactions.
The Calcutta High Court has mandated a bank to secure a CGST demand of ₹75.40 lakhs, allowing account operation post-security. This highlights the judicial approach to tax recovery and financial operations.
The Kerala High Court has dismissed AVT McCormick's claim for a refund of ₹49.54 lakhs due to failure to establish transitional Input Tax Credit (ITC). The ruling reinforces the importance of adherence to ITC claim procedures.
The Karnataka High Court has ruled that seized hazardous goods can be sold if the owner does not pursue appellate remedies after due notice. This decision clarifies the procedures under the KSGST and CGST Acts.
The Rajasthan High Court quashed a GST show cause notice due to lack of a signature, deeming it legally invalid despite its online upload.
The Allahabad High Court has permitted arbitration for a GST reimbursement dispute between a railway contractor and the government over a no-claim certificate.