The High Court held that a claim for refund of money deposited under a commercial plot allotment scheme arises from contractual obligations. Such disputes must be pursued before a civil court and cannot be decided in writ jurisdiction.
Draft Rule 274 of the Income-tax Rules, 2026 sets guidelines for investment funds to qualify for tax benefits under section 9(12) by prescribing look-through provisions, compliance relaxations, and minimum fund manager remuneration.
Draft Rule 273 of the Income-tax Rules, 2026 explains how film distributors can claim deduction for the cost of acquiring distribution rights depending on commercial release timing and sale or exhibition of rights.
Draft Rule 272 of the Income-tax Rules, 2026 explains when film producers can claim deduction of production costs depending on release timing, exhibition, and sale of rights.
Rule 271 of the Draft Income-tax Rules 2026 prescribes taxable percentages for income from rubber, coffee, and tea. Only a specified portion is treated as taxable business income.
Calcutta High Court held that GST circulars issued in 2022 cannot retrospectively restrict refund claims when the taxpayer’s right to claim refund had already accrued and the application was filed within the statutory limitation period under Section 54.
The Tribunal upheld deletion of a Section 14A disallowance after noting that the taxpayer did not earn any exempt income in the relevant assessment year. The ruling reiterates that Section 14A cannot be invoked in the absence of exempt income.
Rules 269–270 of the Draft Income-tax Rules 2026 clarify how interest under Section 533(2)(u) is calculated and how income partly from agriculture and partly from business is determined.
The High Court quashed the appellate order rejecting a GST appeal on the ground of manual filing. The Court held that once the authority accepted the appeal and heard it on merits, it could not dismiss it later on a technical ground.
Rules 266–268 of the Draft Income-tax Rules 2026 define procedures for inquiries, replacement of Inquiry Officers, and grant civil court powers to authorities during disciplinary proceedings.
