Recent rulings by Indian courts have affirmed that secured creditors have priority over government tax claims during insolvency proceedings, underlining the significance of the Insolvency and Bankruptcy Code (IBC), 2016. Key judgments, including from the Bombay and Madras High...

The Madras High Court has stayed the removal of general insurance services from the list of input services under Special Economic Zones (SEZ), ruling that the Development Commissioner only has the authority to expand, not curtail, the list. The petitioner, Zoho Corporation, ch...

The Delhi Bench of CESTAT has ruled that the purchase and sale of allotment rights for flats do not fall under the definition of "Real Estate Agent Services," thus no service tax is payable on such transactions. In a case involving M/s. Government Official Welfare Organisation...

The Delhi High Court quashed two GST orders issued under Section 73 of the GST Act due to an issue with the portal's notification system. The court ruled that at the time of the Show Cause Notice (SCN) issuance, the 'Additional Notices and Orders' tab was not prominently place...

The Delhi High Court ruled that the Taxation and Other Laws (Relaxation & Amendment of Certain Provisions) Act, 2020 (TOLA) does not modify the legal framework for income tax reassessment approvals. The court found that reassessment notices issued after four years from the...

The Karnataka High Court has ruled that the GST department cannot issue a single, consolidated show cause notice (SCN) for multiple assessment years. The court, led by Justice Sachin Shankar Magadum, held that the practice violates Section 73(10) of the Central Goods and Servi...

The Madhya Pradesh High Court, Indore Bench, ruled that the Goods and Service Tax Act (GST Act) overrides the Indian Penal Code (IPC) and that the GST department cannot delegate search and seizure operations to local police. The bench, led by Justices Sushrut Arvind Dharmadhik...

The Central Board of Direct Taxes (CBDT) has announced that the Direct Tax Vivad Se Vishwas Scheme, 2024, will be effective from October 1, 2024. This scheme aims to resolve tax disputes by offering a structured process for settling tax arrears. Under the scheme, taxpayers can...

The Madras High Court has condoned the delay in filing an income tax appeal by a religious institution, imposing a condition of depositing Rs. 1,000 to the Advocate Clerks Welfare Association. The delay was due to the petitioner's unfamiliarity with tax proceedings and belief...

The Gauhati High Court has ruled that while the posts of Assistant Excise Inspectors are transferable, frequent transfers without valid public interest cannot be justified. The court set aside the recent transfer orders involving three excise inspectors, stating that such acti...

The Central Board of Direct Taxes (CBDT) has notified the enhancement of Monetary limits for filing of appeals by the Department before ITAT. Read More : https://jurishour.in/cbdt-enhancement-monetary-limits-filing-appeals/

The Directorate General of Foreign Trade (DGFT) has notified the amendments under interest equalisation scheme.Read More: https://jurishour.in/dgft-amends-interest-equalisation-scheme/

The Orissa High Court ruled that Cenvat Credit is allowable on electricity used in one unit for manufacturing dutiable goods in another. Read more - https://jurishour.in/cenvat-credit-allowable-on-electricity-hc/