The Competition Commission of India held that allegations of excessive pricing for room rent, medical tests, medicines, and consumables were not supported by sufficient evidence.
Andhra Pradesh High Court held that GST officers of a transit State cannot invoke Sections 129 or 130 against goods merely passing through the State. The ruling clarifies that IGST transactions unrelated to the State do not confer detention or confiscation powers.
Gujarat High Court held that GST paid on cotton seed oil cake must be refunded since the product is exempt as cattle feed under Notification No. 02/2017-CT (Rate). The ruling clarifies that exemption depends on end use as cattle feed, not the supply route or purchaser category.
The revised content expands tax planning guidance for business setup by extending deduction analysis up to AY 2026-27 and Tax Year 2026-27. Updates also include revised statutory references and schedules for multiple deduction provisions.
The CCI held that allegations of excessive pricing for medicines, consumables, room rent, and diagnostic services were not substantiated. The Commission found that patients could assess treatment costs beforehand and no separate aftermarket was established.
The Supreme Court refused relief to borrowers who defaulted from the very first instalment after availing an ₹8.09 crore loan. The Court held that an offer to repay only the principal amount after six years was too little too late.
The Supreme Court upheld a Will executed in favour of the testator’s sister despite objections from his wife and children. The Court ruled that exclusion of natural heirs alone is not a suspicious circumstance when the Will is properly proved.
The Tribunal held that interest income earned from mandatory reserve fund deposits and co-operative bank accounts qualifies for deduction under Section 80P. It observed that temporarily parking surplus funds does not amount to carrying on a separate investment activity.
SC examined nature of amounts received from an AOP and upheld findings that receipts constituted profit share rather than revenue share. Court noted that such income could not be taxed again in member’s hands.
ITAT Delhi ruled that the holding period for capital gains purposes began from the date of full payment and transfer of possession under the agreement to sell, not the later registration date. The property was therefore treated as a long-term capital asset.
