AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The Income Tax Appellate Tribunal (ITAT) has permitted a ₹3.97 crore R&D deduction, asserting that the delay in submitting Form 3CL was beyond the assessee's control. The Tribunal has remanded a ₹39.66 crore TDR loss back for verification.
The ITAT Hyderabad has excluded KPO recharacterisation, allowed PLI adjustments in a transfer pricing case, and directed LIBOR+200 bps on receivables.
The Bombay High Court has condoned a 29-day delay in the filing of Form 10B and restored the Section 11 exemption for a charitable trust for the assessment year 2022-23.
The Delhi High Court has directed the Assessing Officer to examine discrepancies causing a delay in processing a ₹20.33 crore income tax refund, attributing the delay to changes in the company’s legal status.
The ITAT has deleted a ₹75.93 crore addition under the Export Promotion Capital Goods (EPCG) scheme, finding that Ind-AS accounting entries cannot create tax liability.
The ITAT has set aside a 30% tax rate applied by the CPC, affirming that a 25% tax rate is applicable to companies with a turnover below ₹400 crore.
The ITAT has deleted an addition made by the income tax department regarding a cash deposit of ₹58.50 lakh in a joint account with the husband of an NRI assessee, emphasizing the necessity for proper investigation before making such additions.
The Income Tax Appellate Tribunal (ITAT) has allowed a deduction of ₹3.97 crore for R&D expenses, ruling that the delay in submitting Form 3CL was not the assessee's fault. However, it remanded the issue of a ₹39.66 crore TDR loss to the Assessing Officer for further verification.
The Delhi High Court ruled that an employee cannot be penalized for the employer's failure to deduct TDS. Section 205 of the Income Tax Act bars income tax collection from an assessee if tax has already been deducted.
The Andhra Pradesh High Court has deemed a GST assessment under Section 62 withdrawn due to delayed returns and payment of late fees.
The Gauhati High Court has quashed a GST order denying input tax credit (ITC), affirming that a timely return submission falls within the provisions of Section 16(5).
The Punjab and Haryana High Court has ruled that merely uploading GST notices on the common portal does not constitute valid service.
The Karnataka High Court has ruled that a contractor's claim for differential GST reimbursement from the employer is not maintainable in a writ petition.