The Bombay High Court has clarified that an Asset Reconstruction Company (ARC) can be substituted as the complainant in a pending cheque dishonour case after acquiring the underlying loan and financial assets from a bank. The ruling reinforces the legal framework …
The Rajasthan High Court has reaffirmed that actual payment of GST by the supplier is an essential statutory condition for claiming Input Tax Credit (ITC). In a significant ruling concerning Section 16(2)(c) of the Central Goods and Services Tax (CGST) Act, …
Madras High Court | Section 11(1)(d) | Corpus Donations | Trust Taxation | Fixed Deposit Interest The Madras High Court has clarified an important aspect of taxation of income earned by charitable and religious trusts. In its judgment dated 17 August 2026, the …
The Delhi High Court has reaffirmed an important principle concerning cheque-based recovery proceedings: a discrepancy regarding the date on which a cheque was handed over does not, by itself, defeat an underlying loan claim when the drawer admits that the …
The Rajasthan High Court has delivered an important ruling on the GST treatment of annuity payments received by road infrastructure companies under concession agreements with the National Highways Authority of India (NHAI). In its judgment dated 17 August 2026, the …
The Calcutta High Court has delivered an important ruling on the tax treatment of actuarial contributions to approved superannuation and gratuity funds, while also clarifying when employees’ PF/ESI contributions can be disallowed under Section 36(1)(va) of the Income-tax Act. In …
The Madras High Court has reaffirmed an important safeguard for GST taxpayers by holding that a restriction imposed on the utilisation of Input Tax Credit (ITC) under Rule 86A of the CGST Rules, 2017 cannot continue beyond one year. The …
The Bombay High Court has delivered an important ruling protecting taxpayers from the consequences of a deductor’s failure to deposit Tax Deducted at Source (TDS) with the Government. In Manohar Ramabtar Jhunjhunwala v. Principal Commissioner of Income Tax-17, Mumbai & Ors. …
Joint ownership of a residential property with a spouse does not, by itself, mean that the benefit of Section 54 of the Income-tax Act must be restricted to 50%. In a significant ruling, the Mumbai Bench of the Income Tax Appellate …
When an NRI sends money to parents in India, the transfer is generally not taxable merely because the recipient is an Indian resident. However, a large or unusual credit appearing in a parent’s bank account may attract questions from the Income …
The Allahabad High Court has recently made an important observation concerning the relationship between GST assessment proceedings and criminal prosecution under the Central Goods and Services Tax Act, 2017 (CGST Act). In Javed Akhtar v. Union of India, the Court observed that …
Large cash transactions often attract close attention from the Income Tax Department, particularly when substantial cash is deposited into a bank account after a significant period of time. However, a cash deposit cannot automatically be treated as unexplained income merely …
The Supreme Court has reaffirmed an important principle governing cheque dishonour cases under Section 138 of the Negotiable Instruments Act, 1881. The Court held that once the execution or signature of a cheque is admitted or established, the statutory presumptions under Sections …
The Andhra Pradesh High Court has reiterated an important procedural principle under the Goods and Services Tax (GST) law: a single composite assessment order covering multiple tax periods cannot be sustained when the law requires proceedings to be undertaken separately for the …
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has delivered an important ruling on the availability of Section 54F exemption where a residential property is purchased from a spouse. In Neha Karan Motwani v. ITO, the Tribunal rejected the Revenue’s …
Understanding tax audit applicability under Section 44AB of the Income-tax Act, 1961 is essential for businesses and professionals before finalising their books and income-tax returns for FY 2025-26 (AY 2026-27). The requirement to obtain a tax audit depends primarily on the nature of …
The Gujarat High Court has delivered an important ruling on the responsible use of Artificial Intelligence in tax adjudication, quashing GST cancellation and appellate proceedings after finding that the State Tax Officer had relied on AI-generated case laws, including non-existent …
The Telangana High Court has reiterated an important principle concerning income tax reassessment proceedings: an assessee should ordinarily raise objections regarding the jurisdiction, validity and statutory compliance of reassessment proceedings before the Assessing Officer (AO) in the first instance, rather than approaching the …
The Supreme Court has reaffirmed an important principle concerning GST refund claims and the Electronic Cash Ledger, holding that a sanctioned refund cannot be withheld without a valid legal basis. The Court dismissed the Union of India’s challenge to a Delhi …
The Delhi High Court has clarified that an advance received towards the sale of immovable property cannot automatically be treated as an unexplained cash credit under Section 68 of the Income Tax Act, 1961, in a later assessment year merely because …