Tax Guru

Investment Cannot Be Treated as Income Merely for Alleged Section 13 Breach: ITAT Delhi

The Tribunal ruled that exemption under Sections 11 and 12 cannot be denied by aggregating separate shareholdings to invoke ...
Tax Guru

ITAT Allows Re-Computation of Leave Encashment Exemption Because CBDT Raised Limit to ₹25 Lakh

The Tribunal held that the revised ₹25 lakh exemption limit for leave encashment under Section 10(10AA) must be considered ...
Tax Guru

Capital Gains Reassessment Remanded Because AO Failed to Refer Stamp Valuation to DVO Under Section 50C

ITAT Indore held that stamp duty valuation cannot be adopted without considering Section 50C(2)/(3). The matter was remanded for DVO reference and fresh ...
Tax Guru

IRDAI Proposes Mandatory Ind AS Adoption for Insurers from April 2026

IRDAIs consultation paper proposes a new regulatory framework requiring insurers to adopt Ind AS. The initiative is designed ...
Tax Guru

Delhi HC reduces TDS Rate to 2% as 15% Withholding Certificate Lacked Proper Reasoning

The Delhi High Court held that issuing a 15% withholding certificate without properly considering the Supreme Court’s ruling was legally unsustainable. The Court reduced the tax deduction rate to 2% ...
Tax Guru

Third Parties Can Face Contempt If They Aid Breach of Court Orders: SC

The Supreme Court considered contempt proceedings arising from alleged non-compliance with its earlier order dated 20.05.2025 passed in Civil Appeals No. 7023/2025 and 7024/2025. At the outset of the ...
Tax Guru

Allahabad HC Allows Composite GST SCNs as Adjudication Is Dispute-Based

SA Aromatics Pvt Ltd and another Vs Union of India and 5 others (Allahabad High Court) The Allahabad High Court decided a batch of writ petitions challenging ...
Tax Guru

Calcutta HC Set Aside GST Appellate Order as Authority Failed to Independently Examine Grounds of Appeal

The Calcutta High Court held that an appellate authority must independently evaluate the grounds of appeal and supporting explanations. Repeating the adjudicating officer’s findings without analysis ...
Tax Guru

Minister’s Mischievous Political Spin Noted; Madras HC Closes Sub Application

The High Court declined to implead a Minister after the District Collector clarified that a prohibitory order did not intend to hinder compliance with a prior court direction. The Court held that ...
Tax Guru

Application Rejected as DRT Lacks Jurisdiction Over Recovery Dispute Between Financial Institutions

The Tribunal applied the Supreme Court’s ruling that Section 11 of the SARFAESI Act provides a mandatory arbitration mechanism for disputes between banks or financial institutions involving unpaid ...
Tax Guru

Delhi HC Upholds CESTAT Order on MEA Certificate Verification for Service Tax Exemption

The High Court ruled that the CESTAT acted within its powers by remanding the case to verify certificates for service tax exemption and held that such an order did not warrant ...
Tax Guru

Government Sets Up Inter-Ministerial Group to Tackle Export Supply Chain Disruptions

The government operationalised an Inter-Ministerial Group to monitor geopolitical impacts on supply chains and recommend mitigation measures to protect India’s ...