Landmark judgments from the Supreme Court, High Courts, ITAT and NCLT.
Karnataka HC holds Sections 73/74 CGST Act notices are not financial-year specific, upholding consolidated multi-year SCNs and deepening a live split with Bombay, Kerala, Madras, AP and Himachal Pradesh High Courts.
Delhi HC holds the Finance Act 2025’s 10% GST penalty pre-deposit under Section 107(6) doesn’t apply where the Show Cause Notice pre-dates the 1 Oct 2025 amendment — appellate rights are fixed on the SCN date, not the order date.
ITAT Mumbai denies ₹240+ crore in carried-forward losses in Sterling Holiday Resorts Ltd. v. DCIT, holding that a holding company’s shares cannot substitute for the resulting company’s own share issuance under Section 2(19AA) of the Income-tax Act.
ITAT Mumbai Denies Tax-Neutral Demerger: Why the Holding Company’s Shares Weren’t Enough Read Post »
Bombay High Court holds that where a bona fide dispute exists over Section 50 interest computation, the department must first pass a speaking order before resorting to garnishee proceedings under Section 79 of the CGST Act. BVG India Ltd. v. Union of India.
The Supreme Court has stayed a fresh Section 74 CGST show cause notice after finding it duplicated a demand already pending in statutory appeal — a reminder that parallel proceedings on the same tax demand raise a substantial jurisdictional question.
Prepared by Finoscape Editorial Team — hello@finoscape.com · Estimated reading time: 7 minutes Executive Summary The Supreme Court has upheld
Case Law Deep Dive · Category: Case Laws · 7 August 2026 Executive Summary On 31 July 2026, a division
Bombay HC to ITAT: Heard Thrice, Judged Never — No Excuse for Missing the 90-Day Rule Read Post »
The Supreme Court has set aside an NCLT order that relied on non-existent case citations, apparently generated by an AI tool, and directed the Bar Council of India to frame norms for AI use in legal drafting.
Supreme Court Sets Aside NCLT Order Over AI-Hallucinated Case Citations Read Post »
Two rulings this week reshape how faceless assessment notices and TDS penalty proceedings should be handled: a mandatory 7-day SCN window, and a sharpened line between non-deduction and delayed deposit under Section 271C.
The Gujarat High Court held that a transferor cannot split unutilised ITC between an ITC-02 transfer and a separate cash refund claim on amalgamation. The matter is now before the Supreme Court.