The Allahabad High Court has ruled that "filing of Form 10-IC prior to filing of return is not mandatory" and delay may be condoned in genuine hardship. Form 10-IC is crucial for…
18/07/20251 min read
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The Allahabad High Court has ruled that "filing of Form 10-IC prior to filing of return is not mandatory" and delay may be condoned in genuine hardship. Form 10-IC is crucial for…
The Gujarat High Court has upheld the validity of a GST advisory on "interest for delayed tax payment." The court's decision confirms that the advisory, which clarifies how…
The NCLAT National Company Law Appellate Tribunal New Delhi has ruled that a "CIRP cannot be sustained if default is cured before admission of a Section 9 application." Section 9…
The NCLAT National Company Law Appellate Tribunal has ruled that a "financial creditor cannot file the same claim twice for the same loan in multiple insolvency proceedings…
The NCLAT National Company Law Appellate Tribunal has ruled that an "intervention application under Section 60 5 of IBC cannot be entertained beyond the limitation period of three…
The Bombay High Court has ruled that a "member of a society can be directed to vacate premises under Section 9 of the Arbitration Act for smooth redevelopment." The court…
The Delhi High Court has upheld an arbitral award of approximately ₹229.5 crores against NHAI National Highways Authority of India as "termination payment." The court dismissed…
The Supreme Court has directed the CBIC Central Board of Indirect Taxes and Customs to "re-examine timelines for correcting bona fide errors in GST filings." This significant…
The CESTAT Customs, Excise, and Service Tax Appellate Tribunal has reduced the penalty from ₹30 lakh to ₹10 lakh in a "3kg gold smuggling case via airport staff," citing the…
The Delhi High Court has ruled that "no income tax is applicable without actual transfer, even for property worth crores." In a case involving a Memorandum of Understanding MoU…
The Delhi High Court has directed the acceptance of an income tax return and refund, as no assessment order was passed after the ITAT's remand. The High Court observed that…
The NCLAT National Company Law Appellate Tribunal has declined to interfere in a liquidator's appeal, urging swift disposal of an auction dispute. The liquidator had appealed…
The Delhi High Court has directed a fresh valuation in a share transfer case after the AO Assessing Officer refused a "nil withholding tax certificate" due to valuation ambiguity.…
The Supreme Court has upheld an NCLAT ruling, confirming that an IBC Insolvency and Bankruptcy Code plea was within the limitation period due to "debt acknowledgment." The top…
The ITAT Income Tax Appellate Tribunal has quashed a ₹2.53 crore Long Term Capital Gain LTCG addition and ordered a fresh assessment by the AO, citing a lack of proper reasoning…
The ITAT Income Tax Appellate Tribunal has upheld an income tax disallowance of ₹7.56 lakh against interest on unsecured loans because the assessee failed to prove the genuineness…
The Supreme Court has ruled that "no dissolution of a firm upon the death of a partner if the deed posits continuity," especially when there are more than two partners. The court…
The Madras High Court has clarified that "natural justice under TNGST applies only when rectification is made, not when refused." This means that the principle of natural justice,…
The CESTAT Customs, Excise, and Service Tax Appellate Tribunal has ruled that "splitting invoices for furniture and building rent should not deny legitimate refund when service…
The CESTAT Customs, Excise, and Service Tax Appellate Tribunal has found that the "cancellation of a bonded warehouse license was too harsh" despite wine stock discrepancies. The…
The ITAT Income Tax Appellate Tribunal has dismissed an appeal, noting that when total income is 100% tax-exempt due to Section 80P deduction, any disallowances have no effect.…
The CESTAT Customs, Excise, and Service Tax Appellate Tribunal has ruled that "loose sheets and a pocket diary are not sufficient to prove clandestine clearance of mild steel…
The CESTAT Customs, Excise, and Service Tax Appellate Tribunal has upheld a DGFT policy violation where exported goods were misdeclared as "natural abrasive grain" instead of…
The Kerala High Court has granted relief to a spice exporter, staying coercive action until its appeal is heard. The Income Tax Department had initiated recovery proceedings…
The Madras High Court has conditionally quashed GST assessment orders over rejected appeals, citing a natural justice violation. The court found that taxpayers were not given a…
The ITAT Income Tax Appellate Tribunal has restricted the disallowance of business expenses to 10% when made without proper justification. The tribunal observed that if the…
The Finance Ministry has officially designated special courts in Raipur and Jaipur for Benami property cases. This notification, issued under Section 50 1 of the Prohibition of…
The CBDT Central Board of Direct Taxes has notified income tax exemption for the New Okhla Industrial Development Authority NOIDA under Section 10 46A of the Income Tax Act, 1961.…
An unexplained cash deposit during demonetisation led to an income addition, but the ITAT Income Tax Appellate Tribunal has restored the matter to the AO Assessing Officer . The…
A Parliamentary Panel has endorsed controversial provisions in the Income Tax Bill, 2025, retaining officer access to WhatsApp and other digital data. Despite concerns raised, the…
The CESTAT Customs, Excise, and Service Tax Appellate Tribunal has upheld a penalty for a Pre-Shipment Inspection Certificate PSIC not issued by a DGFT-approved agency for…
The Income Tax Department is enhancing its monitoring of undisclosed foreign income and assets. This intensified scrutiny aligns with the Black Money Undisclosed Foreign Income…
Relief for Vodafone Idea: The CESTAT Customs, Excise, and Service Tax Appellate Tribunal has allowed CENVAT credit on police booth maintenance, treating it as brand promotion.…
The Allahabad High Court has ruled that a "wrong shipment place in a GST e-way bill is no ground for seizure or penalty." The court quashed a penalty imposed due to a technical…
The Allahabad High Court has clarified that the mere absence of activity at a principal business place does not prove a fake invoice or lack of goods ownership under GST. The…
The ITAT Income Tax Appellate Tribunal has ruled that an Assessing Officer AO cannot make additions for "bogus purchases" without rejecting the books of accounts or reported…
A GST refund under Section 54 was denied for failure to reply to an RFD-08 notice, but the Madras High Court has given a fresh chance to claim it. The RFD-08 notice is issued when…
The Madras High Court has restored a GST appeal, filed late due to the managing partner's illness over an e-way bill issue, on payment of ₹10,000. The petitioner's inability to…
The Allahabad High Court has granted bail to masterminds, including an accountant, in a GST ITC scam, as the trial remains pending. The accused were allegedly involved in a…
A massive tax refund scam has been busted, with the Income Tax Department raiding 18 locations across Tamil Nadu. This large-scale fraud involved the filing of fabricated tax…
The ITAT Income Tax Appellate Tribunal has quashed an assessment addition of ₹46.87 lakhs, based on a partner's seized documents, for bypassing the Section 153C procedure. Section…
The Madras High Court has granted 15 days to an assessee to file an appeal before the Appellate Authority after a petition was filed just before the GST appeal deadline ended. The…
The ITAT Income Tax Appellate Tribunal has quashed a PCIT Principal Commissioner of Income Tax order where a show cause notice SCN for property purchase was issued for the wrong…
The ITAT Income Tax Appellate Tribunal has allowed the carry forward of loss and deleted a late fee as a partner filed a return within the extended due date under Section 234E.…
The ITAT Income Tax Appellate Tribunal has restored a ₹1 crore claim to the Assessing Officer AO for 80IB 10 deduction denial for a housing project, relying on an SC precedent…
The ITAT Income Tax Appellate Tribunal has deemed "penny stock transactions genuine," deleting a ₹1 crore addition by relying on a SEBI report and a sister case precedent. The tax…
AI font analysis has exposed a ₹68 lakh capital gains tax fraud in Hyderabad. The Income Tax Department uncovered the fraud when a taxpayer submitted forged bills for property…
The ITAT Income Tax Appellate Tribunal has restored an appeal to the CIT A over property valuation, citing the assessee's inability to access notices through emails. The tribunal…
The Income Tax Department has released an updated common offline utility schema for Form 3CA-3CD and 3CB-3CD filings. This update provides the latest version of the utility to…
A Lok Sabha Select Committee has proposed 285 changes to the Income Tax Bill, 2025, with 250 recommendations already accepted by the government. The aim is to simplify and…
The Allahabad High Court has ruled that "filing of Form 10-IC prior to filing of return is not mandatory" and delay may be condoned in genuine hardship. Form 10-IC is crucial for…
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