AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The Telangana High Court ruled that reassessment proceedings under the Income Tax Act cannot be challenged prematurely under Article 226. This ruling clarifies the scope of judicial review at preliminary stages.
The ITAT has ruled that a taxpayer cannot be taxed for demonetisation cash if they did not open a bank account. The decision is backed by evidence including an FIR and forensic report.
The Rajasthan AAR has ruled that a 5% GST rate is applicable to job work involving handicrafts, provided certain conditions are met regarding classification and exemption. This clarifies the tax structure for artisans and industries.
The Uttarakhand High Court has permitted an application for revocation of GST registration that was canceled due to non-filing of returns, contingent upon the applicant filing due returns and payments. This decision underlines the court's approach to balancing compliance and relief.
The Karnataka High Court has ruled that a mandatory pre-deposit in service tax appeals can be discharged through transitional CENVAT credit, thereby relieving unnecessary financial burdens on appellants.
The ITAT has ruled against a ₹15.35 lakhs addition to a taxpayer's income, affirming that sales suppression was unproven based on GST records and other documents. The ruling stresses the importance of evidentiary standards in tax assessments.
The ITAT ruled that profits from the sale of Transferable Development Rights (TDR) are taxable as capital gains when existing land is surrendered. This clarifies the taxation process as per Section 45.
The ITAT quashed an assessment order due to mechanical approval granted under Section 153D of the Income Tax Act. This ruling highlights the need for thorough scrutiny in tax approvals.
The ITAT ruled that filing a return in response to a Section 148 notice does not automatically attract penalties under Section 271(1)(c) if reasonable cause exists for the delay. This ruling clarifies that reasonable circumstances must be considered in penalty assessments.
CESTAT has reinstated an appeal by SBI, allowing it to present merits after fulfilling the mandatory pre-deposit requirement during ongoing proceedings. This decision emphasizes the importance of compliance with procedural requisites.
The Income Tax Appellate Tribunal (ITAT) ruled that income disclosed after receiving a notice under Section 148 does not attract deemed concealment where reasonable cause exists for the late filing. This decision clarifies the standards for imposing penalties under tax law.
The Telangana High Court has permitted a fresh application for revocation of GST registration cancellation, emphasizing due process following a six-month cancellation period for non-filing.
The Gujarat HC ruled against a Rs. 53.20 lakh vehicle tax demand, ruling that the absence of a Non-Use Certificate does not automatically imply vehicle use. This decision clarifies taxpayer rights in tax assessments.