The ITAT Chandigarh ruled that receipts from sale of fly ash constituted taxable business income as they arose directly from the assessees power generation activity. The Tribunal held that subsequent credit to a statutory fund amounted only to application of income.
The Telangana High Court granted pre-arrest bail in a ₹97.25 crore GST ITC case after observing that the allegations were primarily documentary in nature. The Court held that custodial interrogation was not shown to be necessary.
The Calcutta High Court condoned a 430-day delay after holding that the death of the assessee’s authorized representative constituted sufficient cause in the faceless tax regime. The Court set aside the ITAT’s dismissal order and restored the appeal for adjudication on merits.
NCLT Mumbai held that the impugned intra-group assignment transaction did not prejudice creditors or alter their position. The Tribunal ruled that essential ingredients of fraudulent trading under Section 66 of the IBC were not established.
The Customs Authority for Advance Rulings held that classification of roasted areca nuts under Heading 2008 had already been conclusively settled by the Madras High Court. The authority ruled that tariff restructuring under the Finance Act, 2025 did not create a fresh classification issue.
The CCPA held that failure to disclose the specific courses attended by successful NEET and IIT-JEE candidates amounted to concealment of material information. The authority imposed a ₹5 lakh penalty and directed discontinuation of the advertisements.
The CESTAT Delhi held that polyester knitted fabric containing a small percentage of spandex could not be treated as mis-declared goods. The Tribunal ruled that such minor composition variation did not justify confiscation under the Customs Act.
The ITAT Delhi held that contractual receipts reflected in the PAN of a dissolved partnership firm could not be taxed again when they were already disclosed in the proprietorship concern of the surviving partner. The Tribunal ruled that such addition would amount to double taxation.
NCLT Kochi held that insolvency proceedings can simultaneously continue against both the principal borrower and corporate guarantor under the IBC. The Tribunal admitted Axis Bank’s Section 7 petition after finding debt and default established.
The Gauhati High Court directed de-freezing of bank accounts after the ITAT remanded the income tax appeals for fresh consideration. The Court held that continued freezing during pending appeals was not justified.
