AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The Karnataka High Court ruled that there is no KVAT penalty for the temporary unloading of goods during interstate transit if the movement is adequately explained. This decision provides clarity on the handling of tax liabilities during transportation.
The ITAT Ahmedabad has allowed a taxpayer to claim a ₹1.50 lakh Section 80C deduction via a revised return as relief under Section 119(2)(b).
The ITAT Mumbai has eliminated a nil arm's length price adjustment in transfer pricing, allowing for a working-capital adjustment and excluding functionally dissimilar comparables.
The ITAT Mumbai has ruled that low returned income cannot invalidate a loan agreement without a thorough investigation into the fund trail, highlighting the need for diligent scrutiny in tax assessments.
The Delhi ITAT has deleted an ₹11.12 crore on-money addition, ruling that uncorroborated WhatsApp chats and lack of cross-examination do not suffice for tax assessment. This case reaffirms the need for independent verification in tax proceedings.
The Institute of Chartered Accountants of India (ICAI) reprimanded a Chartered Accountant for conducting Tax Audit Reports while holding a part-time Certificate of Practice (COP), emphasizing the need for full-time engagement.
The CESTAT Ahmedabad has remanded a customs broker licence revocation decision, finding that relied-upon statements were not provided, thus violating the principles of natural justice. This ruling stresses the importance of fair hearing in regulatory actions.
The Delhi High Court upheld the refusal by CESTAT to condone a 968-day delay in filing a customs appeal, concluding that there was no substantial question of law or sufficient cause to warrant the delay. This ruling reinforces the strict adherence to timelines in customs litigation.
The Patna High Court has directed the Appellate Authority to re-evaluate the GST exemption issue concerning Nukkad Natak performances.
The Allahabad High Court has granted bail to Waseem Akram in a GST fraud case, noting the applicant was not implicated in the FIR.
The GST Appellate Tribunal (GSTAT) has found nil profiteering after statistical analysis showed that construction cost escalation adequately offsets the claim for additional Input Tax Credit (ITC) benefits.
The ITAT condoned a 607-day delay citing a post-polio disability as a valid cause. This decision emphasizes the judicial recognition of health issues impacting compliance.
The Gujarat High Court has ruled that deductions under Section 35(2AB) cannot be denied on the grounds of later approval from the Department of Scientific and Industrial Research (DSIR). This ruling clarifies the conditions under which such deductions should be analyzed.