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ITAT Ahmedabad Upholds Axis Bank's Stand on Multiple Tax Disputes for Assessment Years 2020-21 and 2021-22

Summary The ITAT Ahmedabad's decision in ACIT Vs Axis Bank Limited delivers a comprehensive restatement of several well-established principles of ...
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GST Input Tax Credit for FY 2025-26: November 2026 Deadline, Supplier Cut-offs and Reconciliation Steps

Summary The statutory outer limit for availing Input Tax Credit attributable to FY 2025-26 is 30 November 2026 under Section 16(4) of the CGST Act, ...
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Resolution Plan May Change Corporate Debtor's Business Model: NCLAT Delhi Upholds Sify Technologies' Insolvency Plan for Print House

Summary The NCLAT Delhi, in Next Orbit Ventures Fund vs Print House (India) Private Limited & Ors., Company Appeal (AT) () Nos. 417 and 744 ...
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IBC Moratorium Under Section 14 Cannot Shield a Developer Who Has Abandoned Possession: Bombay High Court in Govinda Tower Redevelopment Dispute

Summary The Bombay High Court's decision in Nagesh Madhava Suvarna Vs State of Maharashtra & Ors. addresses a situation where the IBC moratorium was ...
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Exclusive Jurisdiction Clause Governs Section 34 Challenge to MSMED Arbitration Award: Bombay High Court Larger Bench

Summary The Bombay High Court's Larger Bench in Gammon Engineers and Contractors Pvt. Ltd. Vs Rohit Sood has authoritatively resolved a split of ...
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Voluntary Appearance Before CBI Does Not Constitute Arrest: Uttarakhand High Court Dismisses Habeas Corpus Petition in Loni Co-operative Society Case

Summary The Uttarakhand High Court's judgment in Kishan Udaylal Jain vs State of Uttarakhand and Another (Habeas Corpus No. 23 of 2026, decided 22 ...
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T.N. Godavarman Thirumulpad v. Union of India: Supreme Court Transforms CEC into Permanent Body and Lays Down Environmental Rule of Law Framework

Summary The Supreme Court's judgment in T.N. Godavarman Thirumulpad Vs Union of India And Ors. (Writ Petition (Civil) No. 202/1995, order dated 31 ...
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Individual Villas in Gated Layouts Escape Service Tax: CESTAT Chennai Interprets Residential Complex Definition

Summary The CESTAT Chennai, in Jay Pee Enterprises Vs Commissioner of CGST & Central Excise, delivered a well-reasoned ruling that reaffirms the ...
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GST on ECO Delivery Services from 1 November 2026: Liability, Rate and Compliance Rules

Summary From 1 November 2026, Notification No. 09/2026-Central Tax (Rate) brings delivery-of-goods services through ECOs within the Section 9(5), CGST ...
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Income-Tax Act 2025: What Practitioners Must Know About Form 26 and the New Tax Audit Regime

Form 26 Under the Income-Tax Act, 2025: Audit Obligations, Structural Changes and Year-Round Compliance for Tax Year 2026-27 This article addresses the complete replacement of Forms 3CA, 3CB and 3CD ...
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Capital gains on Indian shares held via Mauritius not taxable in India absent property nexus: ITAT Delhi on MIH India (Mauritius) Ltd.

Whether the assessee, a company incorporated and tax resident in Mauritius holding a valid Tax Residency Certificate (TRC), could claim exemption from Indian capital gains tax under Article 13(4) of ...
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Dissolution Permitted Despite Pending Preferential Transaction Recovery: NCLT Delhi Rules in Vallabh Steel West Case

The National Company Law Tribunal (NCLT), Principal Bench, New Delhi, delivered its order in Oriental Bank of Commerce Vs Vallabh Steel West Pvt. Ltd. (IA-2315 of 2023 IN Company Petition No. (IB) - ...