Delhi High Court rules in favor of Russian Technology Centre on share capital additions, clarifying Section 68 and admissibility of evidence for foreign remittances.
Calcutta High Court orders National Jute Manufactures Corporation (NJMC) to refund pre-bid earnest money, deeming forfeiture unfair and arbitrary.
Calcutta High Court allows GST appeal to be heard on merits despite delay, affirming Section 5 of Limitation Act applies, unaffected by Supreme Court’s stay on a precedent.
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A recent advisory from Infosys GSTN, the technology backbone of India’s Goods and Services Tax (GST) network, addressing a persistent GSTR-1 filing issue, has drawn sharp criticism and ridicule from tax professionals and businesses alike.
India’s income tax filing season for Assessment Year (AY) 2025-26 (Financial Year 2024-25) is off to a rocky start, marked by significant delays in form releases, minimal processing of filed returns, and new mandates causing concerns among taxpayers and professionals alike. Social media platforms are abuzz with complaints, highlighting a growing frustration with the Income Tax Department’s preparedness.
Calcutta High Court upholds quashing of an assessment order due to the Assessing Officer’s inherent lack of jurisdiction, citing CBDT instructions on nil income cases.
Calcutta HC stays GST assessment order for FY19-20, questioning Section 168A force majeure extension. Petitioner argues time-barred order and improper ITC reversal. Ongoing legal debate on GST limitation period.
Jharkhand High Court mandates GST reimbursement for government contractors on pre-GST contracts, reinforcing fair play and equality, citing prior judicial precedents.
Delhi High Court quashes GST orders against National Enterprises, mandating an opportunity for hearing even after registration cancellation, as notices were not served.
