Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The Karnataka High Court dismissed income tax appeals regarding alleged unaccounted medical fees, ruling that uncorroborated seized materials are insufficient to sustain tax additions. This judgment highlights the evidentiary standards in tax assessments.
The Income Tax Department has initiated a nationwide verification campaign aimed at scrutinizing 394 entities and 36 professionals linked to suspicious foreign remittances. This action arises from discrepancies between reported turnovers and remittance amounts, signaling increased scrutiny in foreign transactions.
The Rajasthan High Court has ruled that a GST order not visible on the online portal does not extinguish the recipient's right to appeal.
The ITAT ruled that interest awarded under the Land Acquisition Act cannot be taxed as income.
ITAT validated the physical transfer of unlisted shares, allowing for capital loss claims.
The ITAT affirmed the CIT(A)'s directive to estimate a 16% profit on unaccounted receipts during a search.
The Delhi High Court has stayed reassessment proceedings under Section 148, highlighting the importance of supplying all material relied upon in administrative actions. This ruling reinforces procedural rights of taxpayers during reassessment.
In a recent ruling, the Pune ITAT upheld that the lift cost of ₹72.69 lakh should be included as part of the work-in-progress (WIP) under the percentage completion method, rejecting prior period expense claims. This ruling reinforces the treatment of project-related costs for tax assessments.
The Central Government has enacted revisions to the central excise levies applicable to the exports of petrol, diesel, and aviation turbine fuel (ATF) effective from August 15, 2026. This new notification adjusts various levies, significantly reducing costs for exporters.
The Income Tax Appellate Tribunal (ITAT) restored the income tax assessment for a 66-year-old blind taxpayer, addressing issues surrounding accessibility to e-records for disabled individuals. This ruling reinforces inclusive practices in taxation.
The Delhi High Court determined that the amended pre-deposit rule for GST appeals does not apply where the Show Cause Notice was issued before October 1, 2025. This ruling clarifies procedural expectations for taxpayers.
The ITAT Delhi has granted Section 10(10B) exemption for compensation under BSNL's 2019 Voluntary Retirement Scheme, classifying the compensation as retrenchment compensation. This ruling aids employees seeking tax relief on such payments.