Curated legal news, case breakdowns, and workflow tips for fast-moving practitioners.
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Karnataka High Court rules that liquidated damages are compensation, not a service, and not taxable under GST. Court orders ₹5 crore GST refund to assessee.
ITAT Bengaluru rules meals, transport & courier expenses are not deductible under Section 48 while computing capital gains on NRI property sales.
Delhi High Court sets aside ₹50 crore tax reassessment against MakeMyTrip, ruling that vague and unreasoned Section 148A notices violate taxpayer rights and natural justice.
Delhi High Court rules that 20% pre-deposit is not mandatory for stay of tax demand. Assessing Officers must use discretion under Section 220(6) of the Income Tax Act. Big relief …
ITAT Delhi remits Brawny Nivesh Pvt Ltd case, ruling that actual realizable value of assets must be verified before taxing unquoted shares under Section 56(2)(viia).