AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
Mr. P. H. Kurian, a distinguished figure in Indian intellectual property rights administration, passed away after a courageous battle with cancer. His contributions as an IAS officer included key roles in various state departments and a reputation for effective governance.
The Andhra Pradesh High Court has deemed a GST assessment under Section 62 withdrawn due to delayed returns and payment of late fees.
The Gauhati High Court has quashed a GST order denying input tax credit (ITC), affirming that a timely return submission falls within the provisions of Section 16(5).
The Punjab and Haryana High Court has ruled that merely uploading GST notices on the common portal does not constitute valid service.
The Karnataka High Court has ruled that a contractor's claim for differential GST reimbursement from the employer is not maintainable in a writ petition.
The Telangana High Court has permitted the rectification of a GST order concerning discrepancies between GSTR-3B and GSTR-8 turnover submissions.
The Telangana High Court has allowed a two-week period for taxpayers to appeal against a GST order and has stayed any coercive recovery actions during this time.
The Madras High Court has confirmed the validity of an assessment against an assessee who failed to disclose an amalgamation, rejecting the challenge based on having an effective alternate remedy.
The ITAT Kolkata has quashed a penalty under Section 271(1)(c) on the grounds that the underlying assessment was determined to be jurisdictionally invalid, establishing significant precedence for collateral penalty proceedings.
The ITAT Ahmedabad has ruled in favor of the State Bank of India, deleting a TDS demand under Section 201 relating to leave travel concession (LTC). The tribunal found that the bank was not in default due to interim directions from the Madras High Court.
The RBI has amended its concentration risk framework for Infrastructure Debt Fund Non-Banking Financial Companies (IDF-NBFCs), aligning the large exposure limits with Upper Layer regulations. This change aims to reinforce financial prudence among NBFCs.
The RBI has shortened the interest-rate relaxation period for FCNR(B) and NRE deposits for Rural Co-operative Banks to August 31, 2026. This adjustment reflects the RBI's ongoing efforts to maintain financial stability in the sector.
The NCLT has admitted a plea from Bank of India for insolvency proceedings worth ₹23.66 crore, ruling that irregularities in NPA classification do not negate an independently established financial default under the IBC.