The Supreme Court held that suspension of sentence under Section 389 of the CrPC cannot be denied merely because another trial is pending against the accused. The court emphasized…
06/10/20241 min read
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The Supreme Court held that suspension of sentence under Section 389 of the CrPC cannot be denied merely because another trial is pending against the accused. The court emphasized…
The Supreme Court granted bail to two accused in a money laundering case, stating that there was no scheduled offense alleged in the chargesheet or complaint. The court…
The Supreme Court ruled that a final select list for appointments cannot be scrapped based on newly introduced rules. The court emphasized that once a selection process is…
Supreme Court Criticizes MP High Court's Interim Order The Supreme Court criticized an interim order by the Madhya Pradesh High Court that allowed certain candidates to…
Supreme Court Allows Oral Hearing of Review Petition The Supreme Court allowed an oral hearing of a review petition challenging its earlier judgment that the 2018 amendment to the…
Delhi Riots Conspiracy Case: Court Warns Accused Over Delay In the larger conspiracy case related to the Delhi riots, the trial court warned the accused individuals about the…
Supreme Court Summarizes Principles for Interpreting Tax Statutes The Supreme Court, in a landmark ruling, summarized key principles for interpreting tax statutes, especially…
Delhi State Commission Holds TDI Infrastructure Liable for Delay The Delhi State Consumer Disputes Redressal Commission held TDI Infrastructure liable for failing to deliver…
MahaRERA Orders Developer to Pay Interest to Homebuyers The Maharashtra Real Estate Regulatory Authority MahaRERA directed Neelkanth Constructions to pay interest and execute the…
NCDRC: Unreasonable to Force Buyer to Wait 7 Years for Possession The National Consumer Disputes Redressal Commission NCDRC ruled that it was unreasonable to force a homebuyer to…
Haryana RERA Refers Contempt Proceedings Against Vatika Directors to High Court Haryana RERA issued a reference to the Punjab and Haryana High Court for initiating contempt…
ITAT Upholds Deletion of ?30.81 Crore Penalty In a case involving a penalty of ?30.81 crore under Section 271 1 c of the Income Tax Act, the ITAT upheld the decision to delete the…
ITAT Deletes Addition for SBN Deposits from Liquor Sales The ITAT deleted an income addition of ?16,80,000 related to Specified Bank Notes SBN deposits, which arose from the sales…
Mechanical Approval of Reassessment by PCIT Quashed by ITAT In a case concerning a reassessment notice issued under Section 148 of the Income Tax Act, the ITAT quashed the notice…
Ad-Hoc Income Tax Addition - ITAT Remands Matter The ITAT recently remanded a case involving an ad-hoc addition under Section 68 of the Income Tax Act. The addition was based on…
The ITAT upheld the deletion of an income tax addition after finding that the Assessing Officer failed to establish a nexus between a post-dated cheque and undisclosed income. The…
In a case concerning potential expense inflation, the ITAT ruled that income estimation at 12.5% of gross receipts was more appropriate than disallowing entire entries as bogus.…
The Madras High Court set aside an order rejecting VAT Input Tax Credit ITC based on a web report, citing non-compliance with a Tamil Nadu VAT circular. The court found that the…
The ITAT upheld a ?1.05 crore income tax addition in a reassessment case where the taxpayer deliberately failed to produce books of account. The tribunal found that the taxpayer’s…
The Central Board of Indirect Taxes and Customs CBIC extended countervailing duties CVD on copper wire rod imports from Indonesia, Malaysia, Vietnam, and Thailand until July 7,…
The CESTAT ruled in favor of an importer, quashing the Revenue's attempt to reclassify a consignment of imported goods as "bed covers" instead of "bed sheets." The tribunal found…
In a ruling on rectification under the Income Tax Act, the ITAT concluded that rectification of orders is not permissible for debatable matters. The tribunal found that the…
The CESTAT upheld a 10% redemption fine and 5% penalty for the import of old and worn clothes without a valid specific license. The tribunal ruled that importing such goods…
In a tax-related dispute, the ITAT remanded a case back to the Assessing Officer AO after finding that the Commissioner of Income Tax Appeals had disregarded additional evidence…
The Madras High Court remanded a GST demand case back to the tax authorities. The matter involved alleged suppression of taxable turnover, but the court found that the GST…
In a case regarding fees paid to foreign affiliates for management services and trademark licensing, the CESTAT ruled that such fees are not includable in the valuation of…
The Supreme Court remanded an income tax matter for determining the purpose of short-term fixed deposit accounts and the nature of income derived from them. The issue at hand was…
The ITAT upheld a bank's claim for a write-off of non-rural bad debts under Section 36 of the Income Tax Act, rejecting the assessing officer's AO misinterpretation of the…
The ITAT quashed an addition made under Section 69A of the Income Tax Act, ruling that treating cash deposits from business income as unexplained would result in double taxation.…
The Madras High Court upheld a 150% penalty under Section 16 2 d of the Tamil Nadu GST Act for sales and purchase suppression but deleted speculative additions made by the tax…
In a relief to Jindal Saw, the ITAT ruled that an excise duty demand is not chargeable to tax as it constitutes a capital receipt. The ruling brings clarity to how excise duties,…
The Gauhati High Court ruled that a summary of a show-cause notice SCN in GST DRC-01 cannot be a substitute for an actual SCN under Section 73 1 of the CGST Act. The court…
The Authority for Advance Rulings AAR ruled that the supply of pre-owned gold and diamond jewelry, after minor processing, attracts 3% GST. The ruling clarifies the applicable tax…
A businessman meditated naked in the Ghaziabad GST office to protest alleged harassment and demands for bribery by GST officials. The incident highlights the growing frustrations…
The Patna High Court ruled that a pending income tax demand cannot be used to summarily dismiss an application for TDS relief under Section 197 of the Income Tax Act. The court…
In a case against Ducati India, the ITAT directed the assessing officer AO to reappraise the evidence after finding that an addition was made in excess of the amount stated in the…
The ITAT granted relief to Tata Teleservices in a tax dispute involving interest payments to the China Development Bank CDB , ruling that such payments are exempt under the…
SEBI reduced the minimum trading lot size of infrastructure investment trusts InvITs to ?25 lakh to encourage greater retail participation. The move is aimed at making InvITs more…
The Delhi High Court quashed the cancellation of a taxpayer's GST registration under Section 29 of the CGST Act, stating that non-payment of dues for three months is not a valid…
The National Consumer Disputes Redressal Commission NCDRC clarified that a loan provided to a sole proprietorship is not considered an individual borrowing under RBI guidelines.…
The Authority for Advance Rulings AAR ruled that the supply of pre-owned gold and diamond jewelry after alteration to the same person constitutes a "supply of service" and…
The Himachal Pradesh High Court ruled that recovery officers under Section 226 3 of the Income Tax Act do not have the authority to attach a taxpayer’s overdraft OD account with…
An order from GST authorities uncovered fraudulent refunds issued by a former officer. The authorities have called for the immediate de-mapping of retired and transferred officers…
GSTN issued an advisory detailing the proper entry of RR No./Parcel Way Bill PWB numbers in the E-Way Bill EWB system post-EWB generation. This advisory is aimed at improving the…
The Directorate General of GST Intelligence DGGI issued over 300 show-cause notices SCNs to companies for irregularities in input tax credit ITC claims. These notices come after…
The Directorate General of Foreign Trade DGFT issued a notice clarifying that exporters can claim benefits under the Post Export Remission Scheme PERS even without holding a…
The Himachal Pradesh High Court ruled that Rule 86B of the CGST Rules, which limits the discharge of output tax liability through input tax credit ITC in the electronic credit…
The Institute of Chartered Accountants of India ICAI revealed that nearly 601 chartered accountants are currently under investigation for professional misconduct. The ICAI…
The Income Tax Appellate Tribunal ITAT directed the Assessing Officer AO to delete an addition made under Section 14A of the Income Tax Act without recording satisfaction…
The National Company Law Appellate Tribunal NCLAT ruled that a resolution professional cannot entertain claims arising after the commencement of the Corporate Insolvency…
The Supreme Court held that suspension of sentence under Section 389 of the CrPC cannot be denied merely because another trial is pending against the accused. The court emphasized…
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