High-value credit card transactions are increasingly under the scrutiny of the Income Tax Department through mechanisms like the Statement of Financial Transactions (SFT) and Annual Information Return (AIR). However, a crucial question arises—can such transactions automatically be treated as undisclosed …
In a significant ruling with practical implications for penalty proceedings under the Income Tax Act, the Kerala High Court has clarified that approval granted by an Additional Commissioner of Income Tax is legally valid for the purposes of Section 274(2). …
In a significant ruling reinforcing taxpayer protections, the Income Tax Appellate Tribunal (ITAT), Mumbai, in the case of Ramesh Kumar Puraji Jain vs DCIT, deleted additions made under Section 69 of the Income Tax Act on account of alleged “on-money” payments …
In a significant ruling reinforcing procedural fairness under GST law, the Calcutta High Court has held that tax authorities cannot compel a taxpayer to appear in person when the statute clearly permits representation through an authorised representative. The judgment underscores …
In a significant ruling reinforcing the principles of natural justice under GST law, the Uttarakhand High Court has set aside a demand and penalty order passed without granting a meaningful opportunity of personal hearing. The Court held that merely recording …
The Kerala High Court has reinforced the legal significance of a voluntary guilty plea in cheque dishonour cases, holding that an accused who consciously admits guilt to secure a lenient outcome cannot later challenge the resulting conviction. This important ruling, …
In a significant ruling that reflects the evolving nature of banking systems, the Karnataka High Court has held that a cheque return memo does not mandatorily require a bank’s seal or signature to establish dishonour under Section 138 of the …
In a significant ruling that strengthens taxpayer rights under GST law, the Bombay High Court has reiterated that the blocking of Input Tax Credit (ITC) in the Electronic Credit Ledger (ECL) cannot continue beyond one year from the date of …
In a significant ruling reinforcing the strict compliance framework under labour welfare laws, the Orissa High Court has held that failure to deposit Employees’ Provident Fund (EPF) dues within the prescribed time constitutes a penal offence. The Court made it …
In a significant ruling that reinforces taxpayer rights under the Goods and Services Tax (GST) framework, the Delhi High Court has held that the determination of the “relevant date” for claiming a refund under Section 54 of the Central Goods and Services …
In an increasingly globalized world, high-earning professionals like IITians are constantly evaluating where their income delivers the best value—not just in numbers, but in quality of life. A recent viral story about a 34-year-old IIT graduate and software architect has …
In a landmark decision that provides significant clarity and relief to corporate India, the Delhi High Court has ruled that share buybacks conducted at a price below the fair market value (FMV) do not constitute taxable “income” or “deemed profit” in the …
In a significant development for taxpayers and professionals, the Central Board of Direct Taxes (CBDT) has released a crucial corrigendum to the newly notified Income Tax Rules, 2026. Issued through Notification No. 64/2026 [G.S.R. 286(E)] dated April 16, 2026, the …
In a significant ruling that reinforces the strict compliance requirements under the Income Tax Act, the Madras High Court has held that taxpayers cannot claim a deduction for bad debts merely by labeling them as irrecoverable. The Court emphasized that …
The distinction between a “works contractor” and a “developer” has long been a point of contention in the Indian tax landscape. In a significant victory for the infrastructure sector, the Bombay High Court recently delivered a landmark judgment on 11 March 2026, …
In a noteworthy ruling, the Maharashtra Sales Tax Tribunal demonstrated a balanced approach between procedural discipline and substantial justice by condoning an extraordinary delay of 1394 days in filing an appeal. The case highlights how exceptional personal circumstances, including spiritual …
In a significant ruling reinforcing the principle of seamless credit flow under GST, the Gujarat High Court has held that technical limitations of the GST portal cannot override substantive statutory rights. The decision in Emerson Process Management (India) Pvt. Ltd. vs. Union …
In a significant ruling reinforcing taxpayer rights and procedural safeguards, the Bombay High Court has held that unlawful attachment of a bank account without adherence to statutory requirements amounts to a violation of the constitutional right to property under Article …
In a significant ruling, the Gauhati High Court has reaffirmed the importance of procedural compliance under the GST regime. The Court held that a Summary of Show Cause Notice (SCN) in Form GST DRC-01 cannot replace a proper SCN as mandated under …
In a significant judgment dated. 9 April 2026, reinforcing the principles of fairness and proportionality in disciplinary proceedings, the Allahabad High Court set aside a recovery order of ₹2.14 crore imposed on an employee, terming the punishment as “shockingly disproportionate.” …