Summaries of the latest case law updates, curated for Indian businesses, startups, and compliance professionals.
Case Law Updates
Showing 34 recent updates in this category.
Bombay HC declines to quash reassessment proceedings against Molbio Diagnostics, holding that disputed expenditure requires factual examination. The post Bombay High Court Upholds Reassessment Despite…
ITAT Jaipur upholds deletion of ₹3.38 crore share premium addition; AO cannot reject DCF valuation without demonstrating material errors. The post AO Cannot Substitute DCF Share Valuation Without Demo…
ITAT Delhi deletes ₹27.08 lakh additions under Section 68 as earlier bank withdrawals and cash-book records explained demonetisation deposits. The post Cash Deposits Explained by Earlier Bank Withdraw…
ITAT Mumbai deletes ₹55.96 lakh penny stock addition and ₹1.11 lakh commission addition; remands separate share-profit dispute. The post Penny Stock Addition Deleted as Investigation Report Alone Insu…
ITAT Mumbai upholds deletion of Rs 1.93 crore penny stock addition, ruling that entire sale proceeds cannot be taxed without considering purchases. The post Entire Penny Stock Sale Proceeds Cannot Be…
ITAT Mumbai upholds deletion of Rs 4.99 crore Section 68 addition, holding high share premium alone insufficient for AY 2012-13. The post High Share Premium Alone Cannot Justify Section 68 Addition: I…
Supreme Court invalidates Assam's 2004 rural medical diploma law but upholds the 2015 Community Health Professionals legislation. The post Assam Rural Medical Diploma Law Invalid; SC Upholds Legislati…
Supreme Court rules that an LoI does not create a binding contract where mandatory performance security and Integrity Pact conditions remain unmet. The post Letter of Intent Not Binding Without Fulfil…
The Pune ITAT accepted ₹2.75 lakh of a bank employee’s ₹3 lakh cash deposits as wedding gifts and savings but sustained a ₹25,000 addition due to missing gift confirmations. The ruling highlights why…
Update | October 28, 11:16 IST The Bombay High Court rejected Meta Platforms Inc.’s plea challenging its jurisdiction to hear…
Every regulatory change has a different impact depending on your business type and size. Speak to our CA and get a personalised assessment.