Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
FeaturedThe Bombay High Court has reprimanded the Income Tax Appellate Tribunal for failing to meet the 90-day deadline for issuing orders, highlighting the need for timely judicial processes in tax matters. This ruling stresses the importance of adhering to established timelines.
FeaturedIn a significant ruling, the Delhi HC emphasized that the date of the SCN governs the applicability of the pre-deposit requirement under Section 107(6) of the CGST Act, recognizing the right to appeal as a substantive vested right.
FeaturedThe Madras High Court has ruled that GST notifications exceeding the GST Council's recommendations are ultra vires and has set aside portions of such notifications along with the consequential SCNs.
FeaturedIndia has introduced a revised FATCA and CRS guidance note, which includes new reporting requirements and clarifications for due diligence, reinforcing the framework of international tax compliance.
FeaturedThe Karnataka High Court quashed the GST deduction applied to land acquisition compensation, ruling that such compulsory acquisition does not constitute a supply of goods or services. This decision mandates the refund of the deducted amount with interest.
FeaturedThe Supreme Court affirmed a presumptive tax benefit for a foreign cruise operator, holding that hospitality services provided during the cruise are integral to the 'carriage' activity under Section 44B of the Income Tax Act.
FeaturedThe Supreme Court of India has upheld the powers of the Directorate of Revenue Intelligence (DRI) to issue notices under Section 28 of the Customs Act. This significant decision affirms the legislative intent behind Section 28, enhancing enforcement capabilities.
FeaturedThe Supreme Court allowed a review in the Canon India case upholding the powers of DRI officers under Section 28 for issuing customs notices and setting aside contradictory judgments.
FeaturedThe Gujarat High Court quashed a remand order issued by CESTAT, instructing the Tribunal to decide the appeal on merits within four months due to clarity issues in the previous ruling.
FeaturedThe National Stock Exchange's upcoming IPO is not just a financial event but a critical governance test. The offering aims to assess market pricing of a significant institution.
FeaturedThe Supreme Court affirmed the constitutional validity of Section 16(2)(c) of the CGST Act, determining that Input Tax Credit (ITC) can only be claimed if the supplier has paid the corresponding GST to the government, supporting the Gujarat High Court's ruling.
FeaturedThe recent FEMA reforms aim to simplify processes related to Foreign Direct Investment (FDI), Overseas Direct Investment (ODI), and External Commercial Borrowing (ECB), facilitating better compliance frameworks for businesses. This initiative reflects an effort to encourage foreign investments.