In a landmark judgment dated October 28, 2025, the Supreme Court upheld the Gujarat High Court’s ruling allowing a refund of unutilized Input Tax Credit (ITC) of GST Compensation Cess. Background The assessee was engaged in the export of manufactured goods. The inputs used in …
In a significant ruling under the Goods and Services Tax (GST) law, the Gujarat High Court granted bail to a taxpayer accused under the Central Goods and Services Tax Act, 2017. The case, reported as 2025 (10) TMI 1069 – …
In a landmark ruling that could reshape India’s digital-asset landscape, the Madras High Court has held that cryptocurrency qualifies as a form of “intangible property” under Indian law. The decision, delivered by Justice N. Anand Venkatesh, aligns India with global judicial thinking in jurisdictions such …
Supreme Court to decide if assigning leasehold rights amounts to land transfer or taxable GST supply. Court To Clarify Key Question On Leasehold Transfers In a matter with far-reaching implications for real estate and taxation, the Supreme Court of India has agreed …
The Appellate Authority for Advance Ruling (AAAR), Punjab, has upheld a significant decision clarifying that TR-6 challans cannot be used to claim Input Tax Credit (ITC) under the GST regime. The ruling emphasizes that only system-recognized documents, such as the Bill of Entry, …
The classification of service apartments under the Goods and Services Tax (GST) regime has been a matter of frequent dispute, particularly regarding whether such constructions should be treated as residential or commercial buildings. The distinction holds significant tax implications, as GST …
In a significant ruling that clarifies the evidentiary value of income tax documents in employment and compensation disputes, the Punjab and Haryana High Court has held that a firm’s income-tax records cannot be relied upon as standalone proof of an employee’s …
Even small slip-ups in GST compliance can trigger hefty penalties, leaving businesses under pressure. One common issue is missing the biltee number (consignment note number) on invoices. In a recent landmark decision, the Supreme Court of India stepped in to provide relief, allowing businesses …
On October 23, 2025, the Income Tax Appellate Tribunal (ITAT) issued a significant ruling concerning the carry-forward of unabsorbed depreciation. The Tribunal held that unabsorbed depreciation under Section 32(2) of the Income Tax Act can be carried forward and set off against income in subsequent …
One of the most debated issues under the Indirect Tax regime has been whether Input Tax Credit (ITC) can be denied to a purchaser when the supplier’s registration is cancelled retrospectively or the supplier fails to deposit the tax collected. Tax authorities across …
In a significant ruling, the Kerala High Court in Apollo Tyres Ltd. vs. Assistant Commissioner of Income-Tax (ITA No. 42 of 2024; reported at 2025 LiveLaw (Ker) 660) clarified that non-production of Form 3CL—a report issued by the Department of Scientific and Industrial Research (DSIR)—cannot …
In a significant ruling dated October 18, 2025, the Supreme Court of India clarified an important aspect of business taxation for non-resident entities. The Court held that a temporary lull or break in business activity does not amount to cessation of business in India. As …
In a significant relief to taxpayers, the Supreme Court of India has upheld a crucial protection under the GST appellate process, ruling that once a taxpayer has made the mandatory 10% pre-deposit for filing an appeal, the tax authorities cannot continue recovery proceedings or attach …
In a landmark decision dated 18 October 2025, the Madras High Court reaffirmed that prosecution under the Income-tax Act cannot be initiated for mere delay in payment of tax unless the prosecution is supported by cogent evidence of wilful evasion or suppression of income. The ruling, …
Chandraprabha Co-operative Credit Society Ltd. vs. Income Tax Officer Court/Bench: Income Tax Appellate Tribunal (ITAT), Mumbai Bench Introduction: The case revolved around cash deposits made by the assessee, Chandraprabha Co-operative Credit Society Ltd., during the demonetization period (November–December 2016). The Assessing …
In a significant ruling that safeguards taxpayer rights, the Allahabad High Court in U.P. Rajya Nirman Sahakari Sangh Limited v. Union of India & Others (Writ C No. 16125 of 2018, decided on 8 October 2025) held that a genuine tax refund claim supported by …
In a significant ruling reinforcing the cooperative federal structure of the Goods and Services Tax (GST) regime, the Orissa High Court has held that parallel proceedings initiated by both Central and State GST authorities on the same issue and for the same tax period are invalid. The …
The Chandigarh Bench of the Income Tax Appellate Tribunal (ITAT) recently addressed an important procedural issue concerning the validity of income tax proceedings carried out in the name of a deceased assessee. The case, Late Shri Lakha Singh (through legal heir) …
In a significant judgment dated October 14, 2025, the Bombay High Court (Aurangabad Bench) ruled that information relating to a company’s Goods and Services Tax (GST) returns cannot be disclosed to third parties under the Right to Information (RTI) Act, 2005. The Court held that such …
In a significant development, the Income Tax Appellate Tribunal (ITAT) in Chennai has clarified that under Section 54F of the Income Tax Act, the exemption from long-term capital gains tax extends to the entire investment in a new residential property, …