Landmark judgments from the Supreme Court, High Courts, ITAT and NCLT.
The Lucknow Bench of GSTAT deletes a Rs. 2.63 lakh penalty where an e-way bill was generated nine minutes after vehicle interception, holding it a bona fide procedural lapse.
Nine Minutes Late: Why GSTAT Refused to Call This Tax Evasion Read Post »
The Madras High Court quashes IGST demand orders on ocean freight paid under reverse charge for CIF imports, applying the Supreme Court’s ruling in Union of India v. Mohit Minerals.
No IGST on Ocean Freight for CIF Imports: Madras HC Says Enough Is Enough Read Post »
The Supreme Court has dismissed the Centre’s review petitions against its August 2025 ruling that telecom towers are movable “plant and machinery” eligible for GST input tax credit, bringing finality to a dispute involving ₹5,454.6 crore in quashed demands against Indus Towers.
SC Dismisses Review Plea, Confirms GST ITC on Telecom Towers — Airtel & Indus Towers Win Read Post »
Gujarat High Court upholds the constitutional validity of Rule 28(2) of the CGST Rules governing GST valuation of corporate guarantees between related parties, while quashing retrospective demands on guarantees issued before the Rule came into force on 26 October 2023.
Gujarat High Court upholds personal penalties on two partners under Sections 122(1A) and 122(3) of the CGST Act for orchestrating a fake-invoice, fake-e-way-bill, hawala-routed ITC fraud — independent of the firm’s own penalty. *Manoj Ramkishan Agrawal & Anr. v. Union of India & Anr.*
The Calcutta High Court quashes a bank’s SARFAESI Section 13(2) notice, holding that a Cash Credit/Overdraft account cannot be classified as a Non-Performing Asset unless it is actually overdue for more than 90 days or genuinely “out of order.”
ITAT New Delhi holds that a routine, performance-linked subsidy paid by an associated enterprise to compensate a distributor’s losses is operating revenue for transfer pricing purposes, deleting a ₹3.08 crore adjustment against Chanel (India) Pvt. Ltd.
ITAT Delhi allows a long-term capital loss on the sale of unlisted company shares, holding that physical (non-demat) transfer of unlisted shares was lawful and that the date consideration was received does not determine the date of transfer.
ITAT New Delhi holds that interest awarded under Section 28 of the Land Acquisition Act, 1894 on compulsorily acquired rural agricultural land — not a “capital asset” under Section 2(14)(iii) — cannot be separately taxed as Income from Other Sources.
The Calcutta High Court sets aside an ex parte GST demand confirmed on an ITC mismatch between GSTR-3B and GSTR-2A without the proper officer first verifying fulfilment of Section 16 conditions as mandated by CBIC Circular No. 183/15/2022-GST.