AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The Orissa High Court has directed the Tax Recovery Officer to adjudicate a taxpayer's pending objection before any recovery action is taken for due MV tax. Authorities are restrained from coercive recovery until the objection is resolved.
Indian families with US investments must be aware of a potential 40% estate tax and associated FEMA requirements. Proactive planning is essential to mitigate risks.
The Orissa High Court has stayed coercive recovery measures concerning motor vehicle tax after the petitioner raised objections pending adjudication. The court directed payment of arrears to facilitate consideration of these objections.
The Central Board of Indirect Taxes and Customs (CBIC) has announced the transfer and posting of 289 Additional and Joint Commissioners across various zones and directorates. This strategic move aims to enhance operational efficiency in GST and customs administration.
The ITAT has restored an education trust's tax registration application, instructing authorities to reconsider it in light of a bona fide form error.
The Income Tax Department has implemented ITR-2 online filing and Excel Utility for the Assessment Year 2026-27, enhancing the e-filing process.
The Kerala High Court ruled that a partner cannot claim deductions under section 36(1)(iii) for loans invested as capital in a firm if they do not run an independent business. The decision clarifies the parameters for claiming deductions related to partner loans.
The ITAT determined that capital gains should be taxed in the year of property transfer, not the year of registration of the sale deed.
The ITAT ruled that merely not appearing of directors cannot negate the documentary evidence supporting transactions in unexplained income cases.
The ITAT has partially allowed an appeal clarifying that agricultural land retains its classification even when sold to a non-agriculturist.
The ITAT has deleted a tax addition due to a clerical error in the audit report, asserting that such minor errors do not warrant income tax assessments.
The ITAT has ruled that additions made under Section 56 without determining transfer details are unsustainable, highlighting issues of misclassification.
The ITAT has ruled that for deductions of foreign travel and hotel expenses against capital gains under Section 48, there must be direct evidence linking the expenses to the transfer of property.