India’s direct tax landscape is undergoing a historic transformation with the introduction of the Income Tax Act, 2025, set to take effect from April 1, 2026 (FY 2026–27). Replacing the decades-old Income Tax Act, 1961, the new legislation aims to simplify …
In a significant ruling reinforcing the principles of natural justice, the Income Tax Appellate Tribunal (ITAT), Pune Bench, has reiterated that failure to adjudicate all grounds raised by an assessee constitutes a “mistake apparent from the record,” warranting recall of …
In a significant ruling, the Allahabad High Court has held that Non-Banking Financial Companies (NBFCs) with assets of ₹100 crore or more are qualified to initiate recovery proceedings under the SARFAESI Act, 2002. The judgment reinforces the legal position that …
The Bangalore Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has delivered a significant ruling clarifying the scope of Goods Transport Agency (GTA) services under the erstwhile service tax regime. In the case of South Eastern Coalfields Ltd. …
In a significant ruling, the Income Tax Appellate Tribunal (ITAT), Chennai Bench, has reiterated that reassessment proceedings initiated beyond three years from the end of the relevant assessment year are legally unsustainable if mandatory approval from the competent authority is …
In a significant ruling dated March 28, 2026, the Gujarat High Court reinforced a crucial principle of quasi-judicial functioning under GST law: an appeal cannot be dismissed solely due to the absence of the appellant during personal hearing. The judgment …
In a noteworthy decision, the Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has ruled in favor of Zee Entertainment Enterprises Ltd., deleting a tax addition of ₹48.97 lakh. The ruling reinforces a fundamental principle of tax jurisprudence—procedural compliance …
The Indian audit landscape is on the cusp of a significant regulatory shift. The recently proposed Corporate Laws (Amendment) Bill, 2026, currently under the scrutiny of a Joint Parliamentary Committee (JPC), signals a clear intent from the government to tighten …
The introduction of the Income Tax Act, 2025 marks a significant transformation in India’s taxation framework, particularly in the area of Tax Deducted at Source (TDS). For decades, professionals and businesses have navigated a complex web of multiple TDS provisions under the …
The Calcutta High Court has once again reinforced the foundational principle of natural justice by holding that a final assessment order passed without granting a personal hearing is legally unsustainable—even in cases where a pre–show cause notice (SCN) hearing is …
In a significant ruling dated March 25, 2026, in case of M/s S. Chand and Company Pvt. Ltd. v. Employee xxx, the Delhi High Court provided much-needed clarity on the distinction between contractual breaches and defamation claims in employer-employee disputes. …
The National Company Law Tribunal (NCLT) Indore Bench recently delivered a significant ruling in the corporate insolvency resolution process (CIRP) of GEI Power Limited, reinforcing the strict eligibility criteria established under the Insolvency and Bankruptcy Code (IBC). The tribunal explicitly rejected an impleadment …
This post analyzes the recent judgment by the Gujarat High Court in the matter of [2026] 184 taxmann.com 349 (Gujarat), where the court granted regular bail to an accused involved in a high-stakes Input Tax Credit (ITC) fraud case. The ruling serves as a significant …
The Uttarakhand High Court has delivered a landmark ruling that reinforces the principles of natural justice within the GST framework. In the case of [2026] 184 taxmann.com 346 (Uttarakhand), the Court quashed a tax demand order on the grounds that a …
In a landmark ruling for private sector employment law, the Delhi High Court has reinforced the principle of contractual finality. The court held that an employee who accepts and encashes a cheque issued in lieu of a notice period effectively waives their …
In a significant judgment impacting public employment, particularly in disciplined forces such as police and paramilitary services, the Supreme Court of India has reaffirmed that mere acquittal in a criminal case—especially on the basis of “benefit of doubt”—does not automatically …
In a significant ruling, the Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has clarified that once a taxpayer opts for presumptive taxation under Section 44AD of the Income Tax Act, no separate addition can be made under Section 43CA of …
The recent decision of the Delhi High Court in MakeMyTrip (India) Pvt. Ltd. v. DCIT serves as a significant reminder of the importance of reasoned decision-making by tax authorities, especially in matters involving applications for lower or nil tax deduction at source …
The Supreme Court of India recently delivered a landmark judgment in V. Ganesan v. State (2026), fundamentally refining how the law interprets the dishonour of a Post-Dated Cheque (PDC) in relation to the criminal charge of cheating under Section 420 of the Indian Penal Code (IPC). This …
In a landmark judgment delivered on March 16, 2026, the Delhi High Court has significantly expanded the horizon for the Enforcement Directorate (ED) in its battle against money laundering. The Division Bench, comprising Justices C. Hari Shankar and Om Prakash Shukla, ruled that property …