Rajasthan High Courttax
Insurer May Deduct Tax on Interest Accrued on Motor Accident Compensation
The Rajasthan HC allows the insurer to deduct tax from the interest component of compensation awarded for motor accidents.
Jul 22, 2026Read more →
Legal News & Insights
AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
Tax Law News
Income Tax Appellate Tribunaltax
Double Taxation of ₹1.04 Crore Security Deposit Forfeiture Held Unsustainable
The ITAT has remanded a ₹3.14 crore provision claim for verification and ruled against double taxation of security deposits forfeited.
Jul 22, 2026Read more →
CESTAT Kolkatatax
CESTAT Kolkata Sets Aside IGST Demand, Rejects Extended Limitation
The CESTAT Kolkata has set aside a differential IGST demand, interest, redemption fine, and penalty, ruling that the extended limitation period was not applicable in this case. This decision highlights limitations in tax assessments concerning statutory timelines.
Jul 22, 2026Read more →
Income Tax Appellate Tribunaltax
Valuer's Report Valid for Tax Deduction Claims Under Section 54F
The ITAT ruled that a registered valuer’s report is sufficient to validate capital gains deduction claims under Section 54F of the Income Tax Act. This decision underscores the importance of substantiation in tax claims.
Jul 21, 2026Read more →
CESTAT Kolkatacorporatetax
Differential Customs Duty Demand Set Aside as Self-Assessment Remained Unchallenged: CESTAT Kolkata
CESTAT Kolkata has set aside a differential customs duty demand, ruling that the self-assessment by the importer remained unchallenged due to lack of evidentiary support. The ruling strengthens the position of importers in maintaining their self-assessment rights.
Jul 21, 2026Read more →
CESTAT Mumbaicorporatetax
CBLR Violations Not Established, Licence Revocation Set Aside: CESTAT Mumbai
The CESTAT Mumbai has set aside a revocation of a customs broker's license, finding insufficient evidence for alleged CBLR violations. This ruling emphasizes the necessity for concrete proof in regulatory actions against licensed brokers.
Jul 21, 2026Read more →
Telangana High Courttaxadministrative
Telangana HC Allows Fresh GST Registration Revocation Application After Delay
The Telangana High Court permitted the filing of a fresh application for GST registration revocation after the rejection of a previous delay condonation request, directing timely consideration upon filing. This decision clarifies procedural avenues available to taxpayers.
Jul 21, 2026Read more →
Delhi High Courttax
Delhi HC Directs Expedited Decision on Fresh GST Cancellation Notice
The Delhi High Court ordered the GST authority to make a timely decision regarding a fresh GST registration cancellation notice after earlier proceedings were dropped.
Jul 21, 2026Read more →
Delhi High Courttax
Delhi HC Restores GST Registration for Small Tempo Operator
The Delhi High Court reinstated the GST registration of a small tempo operator after the first filing default, considering the impact on their right to livelihood. This ruling favors taxpayers facing initial compliance issues.
Jul 20, 2026Read more →
Karnataka High Courttax
Karnataka HC: Limitation for Penalty Begins with JCIT Notice
The Karnataka High Court affirmed that the limitation period for penalties under Section 275 of the Income Tax Act commences with the issuance of the Joint Commissioner of Income Tax's notice, not from the Assessment Officer's proposal.
Jul 20, 2026Read more →
Karnataka High Courttax
Karnataka HC Dismisses VAT Return Dispute Over Lost Books
In a VAT return dispute, the Karnataka High Court dismissed a review petition related to lost books of account, stating that blame cannot be shifted to tax consultants. This ruling emphasizes accountability in tax reporting.
Jul 20, 2026Read more →
Reserve Bank of Indiacorporatetax
RBI Releases Overseas Direct Investment Data for June 2026
The Reserve Bank of India has published comprehensive data on Overseas Direct Investment for June 2026, detailing investment flows and regulatory actions.
Jul 20, 2026Read more →
Karnataka High Courttax
Karnataka HC Allows Delayed GST Appeal to Be Heard on Merits
The Karnataka High Court has permitted a delayed appeal against GST orders to be heard on its merits, directing authorities to entertain the appeal despite limitation objections.
Jul 20, 2026Read more →