AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The Income Tax Appellate Tribunal confirmed that simply appearing without an explanation does not absolve a taxpayer from penalties for non-compliance under Section 272A(1)(d).
The Karnataka High Court ruled that a vague exception clause under the CBDT circulars does not trump the established low tax effect limit, resulting in the dismissal of an appeal related to Section 68.
The Uttarakhand High Court has instructed Income Tax authorities to process applications for valuer registration made under the repealed Wealth Tax Act within three months.
The Orissa High Court directed that GST registration revocation should be considered following the settlement of dues, granting potential relief to taxpayers.
The Gauhati High Court has ruled that the time spent on GST rectification petitions must be excluded while calculating the limitation period for appeals under Section 107.
The Allahabad High Court has set aside an arbitral award regarding GST reimbursement, citing improper application of guidelines and insufficient contractual basis.
The Allahabad High Court has approved bail for a businessman involved in a case of alleged fraudulent billing practices concerning the Goods and Services Tax. The court's order includes specific conditions for the grant of bail.
The Chhattisgarh High Court has granted bail to accused individuals in a case involving alleged fraudulent Input Tax Credit (ITC) worth Rs. 17.18 crore. The court concluded that additional custody was not necessary as the investigation was completed.
The Delhi High Court has ordered the release of jewellery and cash seized by the Income Tax Department, citing a shocking 13-year delay in their return and seeking explanations for the inaction.
The Himachal Pradesh High Court has allowed a delayed appeal against a GST demand of Rs. 28.54 lakh, requiring the taxpayer to deposit 50% of the assessed amount.
The Karnataka High Court has ruled that rental charges for Electronic Data Capture Terminals (EDCT machines) are subject to VAT, asserting that retaining ownership does not negate the transfer of the right to use.
The Chhattisgarh High Court has granted regular bail to accused individuals in an alleged GST e-way bill manipulation case after considering their clean criminal record and the absence of a charge sheet.
The Income Tax Appellate Tribunal (ITAT) ruled that the repurchase of unexercised Employee Stock Options (ESOPs) by Flipkart should be taxed under Long-Term Capital Gains (LTCG) rather than as a salary perquisite.