Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The Goods and Services Tax Appellate Tribunal (GSTAT) has ruled that projects completed before GST implementation or those yet to commence do not fall under the ambit of anti-profiteering investigations.
The CESTAT has ruled that CENVAT credit cannot be denied for periods before the 2014 amendment to Rule 12 in the absence of an express prohibition.
The CESTAT has ruled that Goods Transport Agency (GTA) services and Clearing and Forwarding (C&F) agency services are distinct, leading to the quashing of a service tax demand.
In a recent ruling, the CESTAT quashed a service tax demand on builders' own residential projects executed prior to July 1, 2010, impacting taxation practices for real estate developers.
The CESTAT has ruled that tailor-made unmachined castings used in wind-operated electricity generators are exempt from excise duty, setting a precedent for similar manufacturing categories.
The Bombay High Court has ruled that no Tax Deducted at Source (TDS) under Section 194A applies to interest paid by co-operative banks to non-member co-operative societies, overturning the appellate tribunal's decision.
The Bombay High Court has set aside an appellate tribunal's order, confirming that TDS under Section 194A does not apply to interest payments made by cooperative banks to non-member cooperative societies.
The ITAT ruled that a non-reference to the Transfer Pricing Officer (TPO) for arm's length price determination is a curable procedural irregularity, restoring the matter for further examination.
The ITAT held that once jurisdiction under Section 153C is validly assumed, the AO can consider subsequent information from the Investigation Wing. This decision clarifies procedural aspects regarding the assessment process in tax cases.
The Central Board of Indirect Taxes and Customs (CBIC) has issued guidelines for data exchange with state mining authorities aimed at detecting GST evasion in illegal mining activities. These measures are part of ongoing efforts to enhance enforcement.
The ITAT ruled that the repurchase of unexercised Flipkart ESOPs is taxable as Long-Term Capital Gains (LTCG) rather than as a salary perquisite, clarifying tax liabilities for employees.
The Income Tax Appellate Tribunal confirmed that simply appearing without an explanation does not absolve a taxpayer from penalties for non-compliance under Section 272A(1)(d).