The Karnataka High Court ruled in favor of United Spirits Ltd., directing the DCIT to immediately refund ₹60.45 crore. The court held that the adjustment of the refund against a non-existent and time-barred tax demand was illegal, reinforcing the strict limitation under Section 153(7) of the Income Tax Act, 1961.
Karnataka HC rules compensation for land acquired by KIADB is exempt from income tax under Section 96 of the 2013 Land Act and confirms the refund of collected TDS.
N.T. Rahamathulla Khan Associates vs PCIT: High Court grants stay on tax demand, following precedent to protect the assessee from coercive recovery pending appeal outcome.
Karnataka HC quashes reassessment and penalty orders after finding the Jurisdictional AO initiated Sec 148A proceedings outside the scope of the Faceless Regime (Sec 151A).
Dakshina Kannada Sanathana Dharma Sangha vs ITO: High Court applies the Ramakrishna Seva Ashrama test, directing the AO to verify oral intent for corpus contributions.
Karnataka High Court rules payments by Goldman Sachs India to its overseas affiliates for shared services are non-taxable reimbursements, not Fees for Technical Services (FTS).
Delhi High Court upheld reassessment for Agroha Fincap, ruling that the sanction “Yes, I am convinced it is a fit case” meets Section 151 requirements, rejecting the ITAT’s finding of mechanical approval.
Delhi High Court rules ITSC applications filed until March 31, 2021, are valid and must be treated as pending. Retrospective cut-off of February 1, 2021, is arbitrary, violating Article 14.
The Karnataka High Court is hearing a petition from Amazon Development Centre India Private Limited challenging an order rejecting its GST refund claim.
Dismissing the plea of unawareness of portal notices, the Delhi High Court upheld that assessees must regularly check the GST portal. Yet, to uphold natural justice, it remanded the matter for reconsideration since no reply or personal hearing was granted.
