ITAT Delhi overturns an AO’s ad-hoc disallowance of 90% of revenue expenses for a real estate company, upholding the use of the Percentage of Completion Method and ICAI’s accounting standards.
The Supreme Court has issued strict directives against police using WhatsApp for serving notices to the accused. Upholding previous precedents, the court mandated in-person service and ordered High Courts to monitor compliance.
Competition Commission of India (CCI) has closed a case by ADIF against Google, ruling that allegations over its ad policies were already decided in prior cases.
The NCLAT Delhi rules on the Puneet Resutra vs. J&K Bank case, clarifying that a one-time settlement with a guarantor does not extinguish the principal borrowers debt. The court upheld the initiation of insolvency proceedings.
Telangana High Court rules GST assessment order passed one day beyond statutory limitation period is null and void, setting aside the demand.
The Supreme Court set aside a criminal case over a Bengaluru land deal, ruling the dispute was civil in nature and lacked evidence of criminal intent from the beginning.
The Punjab and Haryana High Court has declared the arrest of a man by GST intelligence officials illegal, citing procedural violations and prolonged detention.
ITAT Agra confirms ₹80.17 lakh addition as bogus LTCG from penny stock, citing lack of evidence and suspicious price jump in Yamini Investments shares.
Allahabad High Court quashes GST seizure and penalty, ruling technical error in e-way bill shipment place does not imply tax evasion.
The Bombay High Court directs MahaRERA to restore hybrid hearings and create transparent processes, citing a Supreme Court precedent on access to justice.
