Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The Punjab and Haryana High Court ruled that a GST penalty order issued without a show cause notice is invalid, reaffirming principles of natural justice.
The Delhi High Court held that the amended limitation provision under GST cannot be applied retrospectively, preserving vested rights.
The High Court granted bail in a GST ITC fraud case, noting the documentary nature of evidence and the accused's clean antecedents.
The Karnataka High Court ruled that Input Tax Credit cannot be denied solely due to GSTR-2A mismatches, quashing the ITC demand and ordering for fresh adjudication.
The NCLT ruled that a Yes Bank loan secured on promoters’ property is to be reclassified as unsecured debt in the context of Roofco Trading's insolvency. This ruling clarifies the definition of secured debt under the IBC.
The NCLT has admitted a Section 9 plea against Evoq Remedies for failing to refund ₹1.95 crore for goods that were not delivered, initiating insolvency proceedings against the company.
The NCLT has initiated a CIRP against a paper mill due to the absence of a genuine dispute regarding an operational debt of ₹1.25 crore. An Interim Resolution Professional has been appointed.
The CBDT hosted a webinar discussing the new Income-tax Act, 2025, with over 1,100 participants from 16 countries. The session focused on India’s evolving tax framework and international tax cooperation.
The NCLT permitted the correction of a default date in an insolvency plea against Coffee Day Global Ltd, ruling that it constituted a clarificatory amendment and did not introduce a new claim.
The Ministry of Corporate Affairs (MCA) has announced a relief measure extending deadlines for name reservations and e-form resubmissions following a data centre fire. Instances will be evaluated on a case-by-case basis.
The ITAT ruled that Section 56(2)(x) of the Income Tax Act is not applicable when property consideration aligns with earlier agreements, providing relief to taxpayers under specific circumstances.
The ITAT remanded a ₹2.53 Crore addition for re-examination of unexplained cash transactions, emphasizing the insufficiency of an affidavit as evidence for tax assessments.