AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
In a recent ruling, the ITAT stated that arbitrary disallowance of 10% for purchases was invalid due to lack of evidence indicating defects in the books of accounts. This ruling emphasizes the necessity of substantiation in tax assessments.
The ITAT ruled that allegations of share transfer agreements being colorable devices were unfounded in the absence of evidence showing tax evasion. This decision reinforces the standard of proof required in tax disputes.
The ITAT ruled that the proviso to Section 251(1)(a) cannot be invoked in cases where the assessee has made submissions during assessment proceedings. This clarification redefines the criteria under which assessments can be classified as ex parte.
The CBIC has implemented a system for fast-track customs clearance of hazardous import cargo, effective July 1, 2026, enhancing compliance for importers.
The Tribunal has upheld the findings of fraud related to third-party shipping bills but reduced penalties based on the principle of proportional liability. This ruling clarifies the quantum of penalties that can be levied.
The CBIC has clarified that the physical boarding of customs officers cannot delay vessel entry and sail-out clearance, streamlining port operations. This initiative aims to facilitate faster cargo operations through increased digital processes.
The Bombay High Court has declared that GST amounts paid pre-adjudication cannot be classified as voluntary payments, directing the refund of collected dues with interest if delayed.
The Punjab and Haryana High Court has granted bail to an assistant linked to a ₹66 crore GST fraud case, noting the offence's triable nature and the applicant's custody duration.
The Telangana High Court has clarified that payment of GST dues during adjudication does not exempt taxpayers from the mandatory pre-deposit requirement when filing an appeal.
The Telangana High Court has allowed a taxpayer to withdraw a writ challenge against a Section 74 GST order and pursue the statutory appellate remedy instead, ensuring that the appellate authority considers the delay in filing.
The ITAT has held that an assessing officer cannot add alleged bogus losses back while computing book profit under Section 115JB of the Income Tax Act if they have been disallowed for regular income.
The Karnataka High Court has quashed an ex-parte income tax assessment order, citing failure to consider the exemption under Section 80P(2) during the bank attachment process.
The ITAT has ruled that payments made for global brand and technology support services by Deloitte are not taxable as royalties under the India-UK Double Taxation Avoidance Agreement, leading to the deletion of the TDS demand.