AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The Finance Minister outlined a framework focused on faster return processing, litigation reduction, and tech-driven initiatives like PAN 2.0 at the 167th Tax Day event. These reforms aim to enhance taxpayer-centric administration.
The Karnataka High Court ruled that a Muslim man's second marriage under the Special Marriage Act is void if entered into during the subsistence of an earlier marriage. The court clarified that Muslim personal law allows multiple marriages only if they are solemnized under that specific law.
The Supreme Court ruled that the moratorium against corporate and personal guarantors under the IBC does not prevent recovery proceedings against a principal borrower not undergoing insolvency proceedings.
The Bombay High Court's recent judgment shifts the focus from procedural defaults to substantive justice under the Trade Marks Rules, 2017, raising questions about the future of trademark prosecution.
The Karnataka High Court has ruled that the HSNS Cess levied on pan masala manufacturers is arbitrary, as it is based on assumed production capacity rather than actual output.
The government has announced duty relief on specific imports, particularly on goods originating from the UK. This initiative includes a new tariff quota framework aimed at bolstering trade relations and supporting the agricultural sector.
The ITAT held that the Sec. 143(1) intimation must be treated separately from the scrutiny assessment concerning unadjudicated claims under Section 43B, allowing ITC Infotech's appeal.
In a significant ruling, the ITAT determined that a reassessment under the Income Tax Act cannot stand if no addition is made on a reason recorded for the reassessment. This ruling emphasizes the necessity of substantiated grounds for tax assessments.
The ITAT held that any notice issued under Section 148 of the Income Tax Act beyond the prescribed limitation period is legally invalid. This ruling reinforces the importance of adhering to statutory timelines in tax assessments.
The NCLT ruled that a fresh demand notice does not revive the limitation period for initiating CIRP against a corporate guarantor. This decision reinforces the importance of adhering to statutory timeframes for insolvency proceedings.
The NCLT ruled that financial creditors may simultaneously initiate the corporate insolvency resolution process (CIRP) against corporate guarantors, even if there has been a partial recovery under the principal borrower's resolution plan. This affirms the co-extensive liabilities of guarantors under the Insolvency and Bankruptcy Code (IBC).
The Allahabad High Court declared an income tax notice served to a deceased individual invalid, affirming that tax laws are intended for the living.
The CESTAT Kolkata has ruled that interest on customs duty related to capital goods cleared from a MOOWR warehouse is not applicable unless there is actual use, overturning the previous demand based on intended use.