Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
FeaturedThe Supreme Court held that tax classification of goods must be determined by their physical form at the time of sale, not by the end-use or intended application by consumers.
FeaturedThe Supreme Court held that fraud under GST Section 74 cannot be presumed solely from tax discrepancies or ITC mismatches, requiring independent proof of intent to evade tax.
FeaturedThe Supreme Court held that tax classification of goods must be determined by their physical form at the time of sale, not by the buyer's ultimate use, clarifying long-standing confusion in tax jurisprudence.
FeaturedThe Supreme Court ruled that tax classification of goods must be based on their physical form at the time of sale, not the end use by consumers.
FeaturedThe Supreme Court overturned a Gujarat HC order restricting GST arrest powers, affirming statutory authority for arrest in non-compliance cases and directing assessees to cooperate with inquiries. The decision clarifies the scope of enforcement under Section 69 CGST Act.
FeaturedThe Supreme Court held that tax classification of goods must be determined by their physical form at the time of sale, not by subsequent end use. This clarifies long-standing ambiguity in customs and GST classification disputes.
FeaturedSupreme Court held that foreign-leg Leave Travel Concession (LTC) benefits are not exempt under Section 10(5) and SBI must deduct TDS on such reimbursements.
FeaturedSupreme Court dismissed Revenue’s appeal against Bombay HC’s ruling that CSR donations qualify for deduction under Section 80G, quashing reassessment based on change of opinion.
FeaturedThe RBI’s Expected Credit Loss (ECL) framework, effective April 2027, introduces a forward-looking, three-stage model for provisioning, replacing the current incurred loss approach. Banks must adopt EIR calculations and revised capital adequacy reporting.
FeaturedThe Supreme Court held that the CBIC’s ₹2 crore monetary threshold for filing GST appeals applies to pending departmental appeals, leading to dismissal of an appeal involving ₹25.47 lakh.
FeaturedSupreme Court dismissed review petitions in Rainbow Papers case, holding that review isn’t a substitute for appeal and can’t re-agitate merits based on new rulings.
FeaturedThe Supreme Court has ruled that GST arrest orders under Section 69 must be communicated to the accused in advance to allow for judicial review and access to bail.