AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The Telangana High Court has directed GST authorities to accept manual applications for revocation of cancelled registrations where online filings are restricted. This provides relief for many affected taxpayers.
A new report details how editable fields in the GSTR-3B form facilitate tax evasion by suppliers, jeopardizing GST compliance for honest taxpayers. This raises concerns over enforcement and compliance.
The Telangana High Court dismissed a writ petition challenging a GST assessment order due to delay, citing the Glaxo Smith Kline decision. This emphasizes the need for timely action in GST matters.
The Calcutta High Court has upheld the jurisdiction of the Principal Commissioner of Income Tax (PCIT) to revise 'unallocated' head office expenses within tax holiday units, ensuring the integrity of tax assessments.
A recent analysis examines how India's structured tax system aligns with global models of cross-border taxation, underscoring its progressive compliance features. This is relevant for international tax practitioners and businesses engaged in cross-border activities.
The Calcutta High Court has issued a stay on coercive actions by tax authorities against the petitioner concerning time-barred reassessment proceedings. This decision underscores the significance of adherence to statutory time limits.
Eligible non-corporate taxpayers and senior citizens can avoid TDS on specified incomes by submitting Form 15G or Form 15H, subject to conditions.
The rules on perquisites in rent-free or concessional employee accommodations include TDS exemptions under specified conditions. Taxpayers must ensure compliance with these regulations.
Tax authorities monitor large cash transactions and discrepancies between declared income and transactions can trigger scrutiny. Taxpayers must align their declared income with transaction volumes to avoid notices.
The ITAT has directed the CIT(A) to reassess a co-operative society's claim regarding Section 80P deductions, emphasizing the need for substantiation of the claim. This ruling addresses the treatment of ₹19.37 lakh taxed as income from other sources.
The ITAT has deleted a penalty under Section 271D of the Income Tax Act, ruling that the Assessing Officer failed to record requisite satisfaction for initiating proceedings.
The ITAT has ruled that mere loan confirmation letters do not suffice to establish the creditworthiness of creditors for unsecured loans, and cases must be remanded for further verification.
The ITAT held that the absence of a formal gift deed does not justify income tax addition under Section 69 when investment sources are substantiated through bank records.