News Updates
Supreme Court Rules States Cannot Cite Financial Burden To Delay Judges Retiring At Sixty-Two
06 Aug 2026
Rajasthan High Court Demands Comprehensive Affidavit To Remove Encroachments Affecting Critical Ramgarh Dam Water Flow
06 Aug 2026
How Does Algorithmic Bias In Forest Governance Impact Adivasi Rights In Modern India Today?
06 Aug 2026
Christ University Pune Lavasa Hosts International Conference On Indian Knowledge Systems And Global Governance
06 Aug 2026
Bombay High Court Rules Pre-2015 Unilateral Arbitrator Appointments Valid if Contractually Authorized by Agreement
06 Aug 2026
Madras High Court orders TASMAC to issue bills for every liquor sale amid overcharging row
07 Aug 2026
Ernst & Young Announces Applications for Senior Associate Role in Legal Practice
08 Aug 2026
Kerala High Court Salutes R. Rajesh's Supreme Sacrifice, Urges Vigilance in Kochi Flood Prevention
08 Aug 2026
Supreme Court Backs Balanced Calcutta High Court Order on TMC Frozen Accounts in ED Probe
12 Aug 2026
Search Results for "Taxation Laws News | Supremetoday AI"
Failure to Prove Source of Source Does Not Invalidate Cash Credits under Section 68: Patna High Court
#IncomeTaxAct #PatnaHighCourt
Failure to Prove Source of Source Does Not Invalidate Cash Credits under Section 68 : Patna High Court In a significant ruling clarifying the scope ofSection 68of the Income Tax Act, the Patna High Court has held that an assessee cannot be burdened with establishing the "source of the source"...
ITAT Allows Genuine Business Losses in Logistics and ESOP Deductions Under Section 37: Bengaluru Bench
#IncomeTaxDeduction #BusinessLosses
ITAT Bengaluru Allows Instakart's Business Losses and ESOP Deductions, Overturns Revenue's Disallowances Introduction The Income Tax Appellate Tribunal (ITAT) Bengaluru Bench, comprising Accountant Member Shri Waseem Ahmed and Judicial Member Shri Keshav Dubey, has ruled in favor of Instakart...
CESTAT Upholds Cancellation of Customs Broker Licence for Aiding Prohibited Exports
#CustomsLaw #CESTATDecision #ExportCompliance
CESTAT Upholds Cancellation of Customs Broker Licence for Aiding Prohibited Exports In a significant ruling for the customs clearance industry, the Customs, Excise & Service Tax Appellate Tribunal (CESTAT) in New Delhi has affirmed the revocation of a customs broker's licence. The decision un...
Madras HC Upholds Reassessment for Silent 80HHC Deduction Claims
#IncomeTaxReassessment #TaxLawIndia #Section147
Madras HC Upholds Reassessment for Silent 80HHC Deduction Claims In a significant ruling that reinforces the scope of reassessment powers under the Income Tax Act, 1961, the Madras High Court has held that reassessment proceedings under Section 147 are valid even when the original scrutiny as...
Calcutta HC Rules GST Authorities Cannot Seal Cash as 'Goods' in Searches
#GSTLaw #CalcuttaHighCourt #TaxSearch
Calcutta HC Rules GST Authorities Cannot Seal Cash as 'Goods' in Searches In a significant ruling that delineates the boundaries of GST enforcement powers, the Calcutta High Court has held that authorities under the Central Goods and Services Tax (CGST) Act, 2017, lack the authority to seal o...
Patna HC Rules Packing Materials Integral to Cement Sales, Bars Separate Taxation
#TaxLaw #SalesTaxRuling #GSTAppeals
Patna HC Rules Packing Materials Integral to Cement Sales, Bars Separate Taxation In a significant judgment that could reshape sales tax practices in Bihar's cement industry, the Patna High Court has ruled that packing materials such as gunny bags and high-density polyethylene (HDPE) bags are...
High Court Clarifies Section 54 Relief for Reinvestment
#IncomeTax #CapitalGains
High Court Clarifies Section 54 Relief for Reinvestment In a significant ruling concerning the interpretation of capital gains exemptions, the Madras High Court has clarified the scope ofSection 54of the Income Tax Act, 1961. The Division Bench, comprising Hon’ble Justices Anita Sumanth and ...
Purpose Test Determines Grant Nature at Madras High Court
#IncomeTax #TaxLaw
Purpose Test Determines Grant Nature at Madras High Court In a significant ruling clarifying the taxability of government assistance, the Madras High Court has held that rehabilitation grants provided to co-operative societies are to be treated as capital receipts rather than revenue receipts...
Challenging GST Authority: Andhra Pradesh High Court Sets Aside Section 122 Show Cause Notice Without Deciding Jurisdiction
#GSTLaw #IndirectTax
Cutting the Gordian Knot: Andhra Pradesh High Court Scraps GST Show Cause Notice In a recent ruling that brings temporary relief to taxpayers navigating the complexities of the GST regime, the High Court of Andhra Pradesh has quashed a Show Cause Notice (SCN) issued under Section 122 of the C...
Indian Courts Clarify Tax Deductions, GST Credits, and Customs Exemptions in Key Rulings
#TaxLawIndia #GSTUpdates #CustomsExemptions
Indian Courts Clarify Tax Deductions, GST Credits, and Customs Exemptions in Key Rulings In a series of significant judgments delivered recently, Indian courts and tribunals have provided much-needed clarity on various aspects of tax law, particularly concerning revenue expenditures, input ta...
