AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The ITAT Delhi ruled that the Gross Profit (GP) rate cannot be uniformly applied across pre and post-survey periods, emphasizing the need for a nuanced approach in assessments. This ruling is crucial for tax practitioners addressing GP disputes.
ITAT Mumbai has remanded the cancellation of 12AB registration back to the CIT(E) for a clear violation charge and meaningful hearing, highlighting procedural fairness in tax assessments.
The Delhi High Court has mandated that factual disputes concerning Input Tax Credit (ITC), Reverse Charge Mechanism (RCM), and tax computation should be addressed through the appellate process, not writ proceedings.
The Gauhati High Court has ruled that claims for refunds of Education Cess and SHE Cess paid under a mistake of law are not barred by Section 11B of the Central Excise Act.
The Delhi High Court has ruled that factual disputes related to Input Tax Credit (ITC) and Reverse Charge Mechanism (RCM) must be raised in Section 107 appeals rather than through writ proceedings. This decision categorically outlines the proper legal forum for such disputes.
The Gauhati High Court has ruled that refunds of Education Cess and Secondary and Higher Education Cess paid without legal authority are not barred by Section 11B of the Central Excise Act. This decision clarifies that refunds can be claimed despite timing limitations under the Act.
The Goods and Services Tax Appellate Tribunal has determined that a taxpayer's reversal of Input Tax Credit (ITC) cannot be denied solely due to the absence of a reason in Column 8 of Form GST DRC-03.
The Income Tax Department has introduced a new feature on its online portal that allows taxpayers to report corruption and harassment by officials directly. Taxpayers can now track their complaints through the e-filing system.
The Delhi High Court has ruled that importers utilizing forged duty credit scrips cannot claim protection as bona fide purchasers, affirming a customs penalty against such practices.
The Institute of Chartered Accountants of India (ICAI) has announced an extension to the bulk Unique Document Identification Number (UDIN) facility, enabling CAs to generate multiple UDINs for tax audits and assurance work.
The ITAT Delhi has struck down a Section 263 revision against Mukul Rohatgi, citing lack of jurisdiction by the PCIT and a plausible ALV view by the AO.
The ITAT Rajkot quashed the reassessment for AY 2020-21 and deleted a ₹5.40 crore addition due to defective sanction and lack of nexus.
The ITAT has ruled that a delay in submitting Form 3CL cannot deny a research and development deduction of ₹3.97 crores, remanding the assessment of a ₹39.66 crore loss for further verification.