AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The Allahabad and Karnataka High Courts determined that mere route deviation does not warrant GST detention or penalties if documents are legitimate and no tax evasion is proven.
The Kerala High Court has allowed Input Tax Credit (ITC) under Section 16(5), directing reconsideration of claims for returns filed before the extended cut-off date.
The Rajasthan High Court has ruled that imposing GST on college affiliation fees is unsustainable, reinforcing the legal argument against such levies.
The Delhi High Court set aside a prior GST adjudication order, allowing the appellant a fresh personal hearing and opportunity to submit a reply, imposing a cost of ₹20,000.
The RBI has announced comprehensive new directions for loan recovery agents and conduct by recovery agencies, set to take effect from January 2027.
The SAFEMA Tribunal has ruled that the Enforcement Directorate cannot attach properties bought by bona fide buyers in a developer's fraud case, clarifying the definition of 'proceeds of crime'.
The Delhi High Court has requested the Institute of Company Secretaries of India (ICSI) to clarify its authority to define 26 areas of practice, including those pertaining to law, amid concerns over professional jurisdiction.
The Allahabad High Court quashed a GST officer's notice demanding Rs. 5.76 crore from HCL, citing prejudicial remarks that demonstrated bias against the taxpayer. The court has ordered the matter to be remanded for further proceedings if jurisdictional facts are established.
The Delhi High Court clarified that Long Term Capital Gains (LTCG) is taxed at 20%, not 22%. The Court set aside the earlier declaration made by CIT(A) and ITAT due to reliance on incorrect facts related to interest under Section 234B.
The NCLT has approved a resolution plan incorporating amalgamation and capital restructuring for SAB Events, subject to statutory compliance. This highlights the NCLT's flexibility in resolving financial challenges for MSMEs.
The NCLT held that objections raised by the Registrar of Companies (RoC) cannot halt the dissolution of a company after it has complied with voluntary liquidation provisions. This decision clarifies the authority of procedural compliance in corporate dissolution.
The Delhi HC ruled that defects in the mode or timing of GST hearing notices do not invalidate the proceedings without demonstrable prejudice to the taxpayer. Actual harm must be shown for an adjudication to be voided.
In a ruling involving the determination of the Sale Deed Value (SDV), the ITAT clarified that the date of allotment should be treated as the effective date of agreement in property transactions, rather than the date of registration.