AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
FeaturedThe Supreme Court upheld a service tax demand of Rs. 16.6 crore against BPCL and HPCL for their roles as commission agents for Mahanagar Gas Ltd. in CNG sales.
FeaturedThe Supreme Court upheld a service tax demand of Rs. 16.6 crore against BPCL and HPCL, determining that both companies acted as commission agents for Mahanagar Gas Ltd. The commission earned on the sale of CNG is thus subject to service tax.
FeaturedThe Andhra Pradesh HC rules that delayed income tax refund claims cannot be denied based on a 6-year limit set by CBDT Circular No. 9/2015.
FeaturedThe ITAT has quashed a CPC intimation disallowing ₹61.35 lakh contributions towards PF/ESI, pending resolution by the Supreme Court.
FeaturedThe ITAT invalidated reassessment proceedings for Global Cricket Corporation citing the absence of mandatory notice under Section 143(2) of the Income Tax Act. This establishes the importance of adherence to procedural norms.
FeaturedThe ITAT has ruled that reassessment proceedings initiated after three years are invalid due to improper sanction under Section 151(1). This highlights compliance issues related to procedural guidelines in tax reassessments.
FeaturedThe ITAT quashed a reassessment order against PVR Engineering, citing the denial of cross-examination as a violation of natural justice. This ruling highlights the importance of allowing taxpayers the opportunity to contest incriminating statements.
FeaturedThe introduction of Schedule VDA in Income Tax Returns mandates meticulous transaction-wise reporting for crypto, NFTs, and other virtual digital asset income, facing a tax rate of 30%.
FeaturedThe Supreme Court has set aside High Court orders that quashed JAO-issued reassessment notices and allowed taxpayers to challenge the retrospective amendment under Section 147A. This ruling paves the way for potentially significant tax litigation.
FeaturedThe SAT ruled that income tax paid on unlawful gains cannot be offset against SEBI-ordered disgorgement, reaffirming the integrity of disgorgement as a remedy.
FeaturedIndia has proposed new working groups within BRICS focused on revenue statistics and international taxation to strengthen collaborative tax governance.
FeaturedThe Karnataka High Court ruled that bona fide purchasers should not be penalized for a seller's failure to comply with GST regulations.
FeaturedThe Karnataka High Court has overturned a GST demand of Rs. 78.7 lakh against bona fide purchasers, emphasizing their immunity from penalties due to the seller's non-compliance. This reaffirms the legal protections available to innocent buyers in transactions.