In a significant ruling, the Kerala High Court has clarified an essential procedural requirement under Negotiable Instruments Act, 1881, holding that a cheque dishonour complaint under Section 138 cannot be sustained unless the statutory demand notice explicitly mentions the exact …
In a significant ruling addressing procedural challenges under the GST regime, the Calcutta High Court in Ram Chandra Sahoo v. Union of India and Others granted relief to a taxpayer who was unable to file an appeal electronically due to …
Notification No.: 70/2026/F.No. 500/Misc./S10(23FE)/FT&TR-II Date: 1 June 2026 The Ministry of Finance, through the Central Board of Direct Taxes (CBDT), has issued Notification No. 70/2026 specifying certain infrastructure sub-sector businesses as eligible entities under the Income-tax Act, 2025. Legal Authority This …
In a significant ruling that clarifies the scope of tax benefits for charitable institutions, the New Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has held that a trust cannot be denied approval under Section 80G of the Income …
In a significant ruling with far-reaching implications for corporate restructuring and tax planning, the Supreme Court of India has held that an amalgamated company cannot claim the benefit of losses incurred by the amalgamating entity prior to the merger unless …
In a significant ruling that brings clarity to the tax treatment of Common Area Maintenance (CAM) charges, the Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has held that such payments are not in the nature of rent and therefore attract Tax …
In a significant reaffirmation of the legal position on compounding of cheque dishonour offences, the Supreme Court of India has held that a conviction under Section 138 of the Negotiable Instruments Act, 1881 can be quashed if the parties arrive …
In a significant ruling that clarifies the scope of interest deduction under the Income Tax Act, the Kerala High Court has held that a partner cannot claim deduction on interest paid on borrowed funds if such funds are invested as …
In a significant ruling that strengthens the interpretation of disallowance provisions under the Income Tax Act, the Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has held that Section 43B cannot be invoked where Goods and Services Tax (GST) …
In a significant ruling highlighting the importance of financial transparency in matrimonial disputes, the Allahabad High Court has set aside a maintenance order granted to a wife, after finding glaring inconsistencies between her declared income and income tax records. The …
The Central Board of Direct Taxes (CBDT), vide it’s Letter bearing F.No. 225/26/2026-ITA.II, dated May 29, 2026, issued a firm directive aimed at ensuring uniformity in the treatment of unexplained cash credits, investments, assets, borrowings and expenditures across all direct tax field …
In a significant ruling reinforcing the principles of vicarious liability in corporate offences, the Telangana High Court has quashed criminal proceedings initiated against the Chairman and Managing Director of Sankhya Infotech Limited in an alleged Employees’ Provident Fund (EPF) default …
In a significant ruling with far-reaching implications for inter-State trade under GST, the Allahabad High Court has drawn a clear distinction between verification powers and penal jurisdiction of GST authorities in transit States. The judgment in M/s Maruti Enterprises & Ors. vs State of U.P. (dated …
In a significant and pragmatic ruling, the Income Tax Appellate Tribunal (ITAT), Kolkata Bench, has reaffirmed a fundamental principle of tax jurisprudence—substance must prevail over form. The Tribunal held that mere clerical or inadvertent errors in tax audit reports cannot be …
In a significant ruling, the Income Tax Appellate Tribunal (ITAT), Pune Bench has held that a delay in filing the audit report in Form 10DA cannot be a valid ground to deny deduction under Section 80JJAA of the Income Tax Act, 1961. The decision reinforces …
In a significant ruling reinforcing the independence of the legal profession, the Allahabad High Court has quashed criminal proceedings initiated against an advocate for actions performed in his professional capacity. The judgment sends a strong message against the growing tendency …
In a noteworthy ruling that brings clarity and relief to taxpayers, the Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that exemption under Section 54 of the Income Tax Act, 1961 cannot be denied merely due to …
The Supreme Court of India has delivered a significant ruling providing relief to a GST assessee by allowing it to raise the issue of allegedly lost seized documents before the appellate authority, while also granting a reduced pre-deposit requirement of …
In a significant ruling reinforcing the principle that suspicion cannot substitute evidence, the Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench, upheld the decision of the Commissioner of Income Tax (Appeals) [CIT(A)] in favour of a retail jewellery firm. The tribunal …
In a significant development for the aviation and tax sectors, the Delhi High Court has granted interim protection to InterGlobe Aviation, the parent company of IndiGo, against coercive action in a high-stakes Goods and Services Tax (GST) dispute involving a …