CBICtaxcorporate
CBIC Introduces Fast-Track Customs Clearance for Hazardous Import Cargo
The CBIC has implemented a new system for the identification and expedited clearance of hazardous cargo, effective from 01 July 2026.
May 16, 2026Read more →
Legal News & Insights
AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
Tax Law News
CESTAT Hyderabadtaxcriminal
Foreign Markings Alone Cannot Prove Gold Was Smuggled: CESTAT Hyderabad
CESTAT Hyderabad ruled that the mere presence of foreign markings on gold does not substantiate smuggling claims without proper contextual verification, hence the confiscation was deemed legally defective.
May 16, 2026Read more →
CESTAT Bangaloretaxcorporate
CESTAT Sets Aside IGST Demand as Extended Limitation Was Wrongly Invoked
The CESTAT in Bangalore annulled an IGST demand, ruling the extended limitation period under section 28(4) of the Customs Act was improperly applied due to lack of suppression or intent to evade duty.
May 16, 2026Read more →
N/Ataxcorporate
Customs Duty Increased on Precious Metals: Key Changes Announced
The government has raised customs duties on precious metals, including gold, silver, and platinum, following amendments to previous notifications. This marks a significant adjustment in the customs duty landscape for the sector.
May 15, 2026Read more →
Income Tax Appellate Tribunaltax
ITAT Restores Section 80P Claim as Delay Condonation Was Pending
The ITAT Chennai has restored an assessment matter for an assessee pending a condonation petition under Section 119(2)(b), asserting its relevance to Section 80P deduction eligibility.
May 15, 2026Read more →
Income Tax Appellate Tribunaltax
Undisclosed Turnover Addition Reduced as ITAT Estimates Profit at 2.5% Instead of 8%
The ITAT Kolkata adjusted the profit estimation on undisclosed turnover, reducing it to 2.5% from 8%, while maintaining that suppressed turnover led to certain savings.
May 15, 2026Read more →
Income Tax Appellate Tribunaltax
Earlier Liaison Office Findings Cannot Decide Branch Office Taxability: ITAT Delhi
The ITAT Delhi ruled that findings from a 2005 survey on liaison offices cannot be mechanically applied to assess taxability for a later branch office structure, directing a fresh examination of the actual functions.
May 15, 2026Read more →
Income Tax Appellate Tribunaltax
Transfer Pricing Addition Sent Back as DRP Failed to Examine Comparability
The Tribunal found the order of the Dispute Resolution Panel (DRP) to be cryptic, lacking a proper analysis of business activities between the assessee and comparables. It directed a fresh examination of comparability and the Arm's Length Price (ALP) computation.
May 15, 2026Read more →
Income Tax Appellate Tribunaltax
ITAT Rules on Notional Rent Taxation for Shared Office Premises
The ITAT has clarified that notional rental income from shared office premises cannot be taxed without evidence of actual receipt.
May 14, 2026Read more →
Income Tax Appellate Tribunaltax
ITAT Directs No Ground for Non-Voluntary Contribution Claim on Missing PAN
The ITAT ruled that missing PAN details for donors do not justify treating nominal donations as non-voluntary contributions, allowing for final Section 12AB registration.
May 14, 2026Read more →
Income Tax Appellate Tribunaltax
ITAT Deletes Bogus Cash Credit Addition for Verified Share Premium
The ITAT determined that share premium received from verified investors cannot be treated as bogus cash credit, thus deleting a ₹45 lakh addition.
May 14, 2026Read more →
Income Tax Appellate Tribunaltax
ITAT Upholds Sec. 69A Addition for Unexplained Cash Transfer
The ITAT upheld the addition of ₹7.5 crore under Section 69A, citing the assessee's failure to satisfactorily explain the source of the seized cash.
May 14, 2026Read more →
CESTATtax
CESTAT Quashes Confiscation of Gold Biscuit Lacking Corroborative Evidence
The CESTAT quashed the absolute confiscation of a gold biscuit, ruling that foreign markings alone do not prove gold smuggling without additional evidence.
May 14, 2026Read more →