AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The High Court has set aside the cancellation of GST registration, determining that the lack of specific factual reasons in the show cause notice left the taxpayer without a fair opportunity to respond.
The ITAT quashed an assessment due to a Section 143(2) notice issued by a non-jurisdictional Assessing Officer, highlighting the need for valid transfer orders.
The ITAT invalidated a transfer pricing adjustment of ₹85 crore due to a lack of digital signature on the order. This ruling emphasizes the necessity of proper authentication in tax orders.
The Karnataka High Court has determined that the provision of standard banking facilities by banks does not constitute a 'declared service' under section 66E(e) of the Finance Act.
Kerala's Revised Budget for 2026-27 launches amnesty schemes and vehicle tax adjustments to enhance compliance and promote vehicle registrations.
The Supreme Court upheld the GST framework for actionable claims, clarifying that they have been taxable since GST's inception.
The ITAT Kolkata ruled that the CPC cannot process returns under Section 143(1) once a Section 143(2) scrutiny notice has been issued, quashing the intimation provided.
The ITAT Kolkata emphasized that the CPC must consider pending condonation applications before deciding on exemption claims under Section 11 when Form 10B is delayed.
The ITAT Cochin determined that land integral to an approved housing project must meet the one-acre requirement for Section 80-IB(10) deductions, ruling that unrelated land cannot be counted.
The ITAT Mumbai held that the fair market value of surrendered tenancy rights serves as the cost of acquisition for properties redeveloped under such schemes, impacting assessment of capital gains.
The Orissa High Court quashed a Section 143(2) notice issued by an authority without jurisdiction, leaving the door open for the competent authority to issue a proper notice in compliance with legal standards.
The ITAT ruled that a delayed submission of Form 3CLA does not negate eligibility for a weighted deduction under Section 35(2AB) if substantive conditions are met. The appeal resulted in the removal of a ₹2.07 crore disallowance.
The ITAT confirmed the disallowance of specific project support costs classified as head office expenses due to the failure to deduct TDS. The ruling requires adherence to compliance standards under the Income Tax Act.