High Courtcriminaltax
Bail Granted in GST ITC Fraud Case with Clean Antecedents
The High Court granted bail in a GST ITC fraud case, noting the documentary nature of evidence and the accused's clean antecedents.
Jun 22, 2026Read more →
Legal News & Insights
AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
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Karnataka High Courttax
Karnataka HC Quashes ITC Demand Over GSTR-2A Mismatch
The Karnataka High Court ruled that Input Tax Credit cannot be denied solely due to GSTR-2A mismatches, quashing the ITC demand and ordering for fresh adjudication.
Jun 22, 2026Read more →
NCLTcorporateinsolvency
Yes Bank Loan Reclassified as Unsecured in Roofco Trading Insolvency
The NCLT ruled that a Yes Bank loan secured on promoters’ property is to be reclassified as unsecured debt in the context of Roofco Trading's insolvency. This ruling clarifies the definition of secured debt under the IBC.
Jun 22, 2026Read more →
NCLTcorporateinsolvency
NCLT Admits Section 9 Plea against Evoq Remedies for ₹1.95 Crore Advance Non-Refund
The NCLT has admitted a Section 9 plea against Evoq Remedies for failing to refund ₹1.95 crore for goods that were not delivered, initiating insolvency proceedings against the company.
Jun 22, 2026Read more →
NCLTcorporateinsolvency
CIRP Initiated for Paper Mill Over ₹1.25 Crore Operational Debt
The NCLT has initiated a CIRP against a paper mill due to the absence of a genuine dispute regarding an operational debt of ₹1.25 crore. An Interim Resolution Professional has been appointed.
Jun 22, 2026Read more →
CBDTtaxcorporate
CBDT Webinar Decodes New Income-tax Act, 2025 Focused on International Tax
The CBDT hosted a webinar discussing the new Income-tax Act, 2025, with over 1,100 participants from 16 countries. The session focused on India’s evolving tax framework and international tax cooperation.
Jun 22, 2026Read more →
NCLTcorporateinsolvency
Correction of Default Date Permitted in Insolvency Plea: NCLT Allows Amendment
The NCLT permitted the correction of a default date in an insolvency plea against Coffee Day Global Ltd, ruling that it constituted a clarificatory amendment and did not introduce a new claim.
Jun 22, 2026Read more →
MCAcorporateregulatory
MCA Grants Deadline Relief for Name Reservations and E-Form Resubmissions
The Ministry of Corporate Affairs (MCA) has announced a relief measure extending deadlines for name reservations and e-form resubmissions following a data centre fire. Instances will be evaluated on a case-by-case basis.
Jun 22, 2026Read more →
Income Tax Appellate Tribunaltax
ITAT Rules Section 56(2)(x) Inapplicable for Earlier Agreement Property Consideration
The ITAT ruled that Section 56(2)(x) of the Income Tax Act is not applicable when property consideration aligns with earlier agreements, providing relief to taxpayers under specific circumstances.
Jun 22, 2026Read more →
Income Tax Appellate Tribunaltax
ITAT Remands ₹2.53 Cr Addition for Fresh Examination of Cash Transactions
The ITAT remanded a ₹2.53 Crore addition for re-examination of unexplained cash transactions, emphasizing the insufficiency of an affidavit as evidence for tax assessments.
Jun 22, 2026Read more →
Income Tax Appellate Tribunaltax
ITAT Deletes ₹6.21 Lakh Addition Linked to Unsubstantiated Cash Retention
The ITAT found the CA's cash retention from marriage gifts unsubstantiated and deleted ₹6.21 Lakh linked to property sale. The order emphasizes the need for credible evidence in tax assessments.
Jun 22, 2026Read more →
ITATtax
ITAT Confirms TDS Disallowance on Project Support Costs
The Income Tax Appellate Tribunal (ITAT) has dismissed a claim relating to project support costs, reinforcing the need for TDS compliance in financial reporting.
Jun 22, 2026Read more →
Calcutta High Courtbankingcorporate
Calcutta HC Upholds Bank's Withholding of No Due Certificate
The Calcutta High Court has upheld a bank's decision to withhold a No Due Certificate, affirming that all loan-related charges must be settled before such certification is granted.
Jun 22, 2026Read more →