ITAT Mumbai rules that gifts received shortly after marriage are exempt under Section 56(2)(vii) of the Income-tax Act. The decision clarifies that “on the occasion of marriage” includes gifts associated with the event, irrespective of immediate cheque clearance.
Understand India’s CSR regulations, including applicability thresholds, committee formation, board duties, implementation channels, financial obligations, disclosure norms, and penalties for non-compliance.
Calcutta High Court rules GST must be reimbursed to contractors for post-July 2017 government contracts, clarifying Notification 5050-F(Y) applies to current projects.
Gauhati High Court rules against an unauthorized bank account freeze by tax authorities, highlighting the need for adherence to legal provisions under the AGST Act.
Delhi High Court directs Cobblerz Shoes to statutory appeal for GST demand, citing missed personal hearing. Writ not remedy when appeal option exists.
Delhi High Court sets aside GST order against Garg India Plastics, citing lack of portal access and hearing opportunity; vires of notification pending SC review.
ITAT Kolkata deletes ₹7.22 Cr addition for Unique Finance & Securities Pvt. Ltd., citing prior year precedent and lack of creditor compliance as insufficient grounds.
ITAT Mumbai grants Section 54F exemption to Ratan Mahendra Jain for purchasing a duplex unit, clarifying it as a single residential property.
ITAT Jaipur remands Setu Sansthan’s tax exemption case, citing natural justice and DIN issues. Non-registration under RPT Act not a barrier to IT Act benefits.
Uttarakhand High Court has permitted Om Auto Wheels to seek revocation of its cancelled GST registration, contingent on filing all pending returns and dues.
