AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The Central Government has enacted revisions to the central excise levies applicable to the exports of petrol, diesel, and aviation turbine fuel (ATF) effective from August 15, 2026. This new notification adjusts various levies, significantly reducing costs for exporters.
The Income Tax Appellate Tribunal (ITAT) restored the income tax assessment for a 66-year-old blind taxpayer, addressing issues surrounding accessibility to e-records for disabled individuals. This ruling reinforces inclusive practices in taxation.
The Delhi High Court determined that the amended pre-deposit rule for GST appeals does not apply where the Show Cause Notice was issued before October 1, 2025. This ruling clarifies procedural expectations for taxpayers.
The ITAT Delhi has granted Section 10(10B) exemption for compensation under BSNL's 2019 Voluntary Retirement Scheme, classifying the compensation as retrenchment compensation. This ruling aids employees seeking tax relief on such payments.
The CBDT issued Circular No. 9/2025, granting relief from higher TDS/TCS liability for inoperative PANs under Section 206AA/206CC. This aims to alleviate financial burdens on taxpayers affected by PAN issues.
The Bombay High Court quashed criminal prosecution under Section 276CC for ITR default as the petitioner demonstrated entitlement to a refund and that no revenue loss was caused. This marks a significant interpretation of tax compliance norms.
The ITAT has adjusted profit attribution for BBC Global News, reducing it from 15% to 12% due to changes in Permanent Establishment (PE) functions. This ruling clarifies the application of past MAP rates in profit attribution.
The ITAT has allowed an appeal where it deleted a Rs. 54 lakh addition related to cash deposits, accepting the taxpayer's explanation of acting as an intermediary in property transactions. This ruling provides a clear precedent on the treatment of cash transactions in income tax assessments.
The ITAT has ruled that the conversion of share application money into Compulsorily Convertible Debentures (CCDs) is not deemed income, thus deleting the corresponding income tax addition. This judgement provides insight into the treatment of financial instruments in tax assessments.
The ITAT has removed a disallowance of Rs. 38.47 crores under Section 40(a)(ia) of the Income Tax Act, attributing it to delays in filing Form 26A caused by technical issues. This decision underscores the importance of timely submissions amid potential system failures.
The ITAT has upheld an income tax addition of Rs. 33.60 lakh on non-genuine derivative losses uncovered under Project Falcon, emphasizing the rigorous scrutiny of claims related to derivative trades. This ruling accentuates the need for proper documentation in derivative transactions.
The Income Tax Appellate Tribunal (ITAT) has ruled that the net profit during the demonetization period from medicine business should be estimated at 4% of gross sales, allowing the appeal from the assessee. The tribunal directed the Assessing Officer (AO) to charge tax at normal rates and entitled the assessee to consequential relief.
The Directorate General of Foreign Trade has digitized voluntary duty payment records, mandating that only payments reflected on its portal will be accepted after August 1, 2026.