Supreme Court To Hear Anil Ambani's Plea Against 'Fraud' Tag Over Loans Availed by RCom, ADAG Entities Next Week

The Supreme Court on Wednesday agreed to hear next week a special leave petition filed by Anil Ambani challenging his classification as “fraud” by banks in connection with alleged irregularities of Rs. 31,580 crores involving Reliance Communications and other ADAG entities.Ambani's petition challenges a Division Bench order of the Bombay High Court, which set aside an earlier interim relief granted to Ambani and permitted Bank of Baroda, IDBI Bank, and Indian Overseas Bank to continue...

Cross-State ITC Transfer Cannot Be Denied on Amalgamation: Gujarat High Court

The Gujarat High Court has held that Input Tax Credit (ITC) cannot be denied on the ground that the transferor and transferee companies are located in different States in a case of amalgamation. A Bench of Justice A.S. Supehia and Justice Pranav Trivedi held, "The transfer of the ITC on amalgamation of the company is permissible as per the provision of Section 18(3) of the CGST Act read with Rule 41 of the CGST Rules. Neither of the provision prohibits or debars transfer of the ITC on the...

Virtual Services Treated As Rendered In India: Bombay High Court Denies NIL TDS Certificate To China-Based Entity

The Bombay High Court has refused to grant a nil withholding tax certificate under Section 197 to a China-based company, holding that services delivered through emails and video conferencing can be treated as rendered in India, while also declining to interfere as the core tax dispute is pending before appellate authorities. A bench of Justices B. P. Colabawalla and Amit S. Jamsandekar observed that “the rendition of these services, even if done virtually, equate to and is the same as a...

Delhi High Court Grants Interest on Delayed Customs Duty Refunds To Mobile Importers, Denies Relief To Lava

The Delhi High Court has held that mobile importers, including Intex Technologies (India) Ltd., are entitled to interest on refunds of excess customs duty paid by them.A Division Bench of Justices Prathiba M. Singh and Shail Jain allowed a batch of writ petitions filed by multiple importers, including Jaina Mobile India, Intex Technologies, and UT Electronics (Petitioners), all of whom had been granted refunds of excess Countervailing Duty (CVD) but were denied interest.However, no interest on...

Delhi High Court Quashes Reassessment Against Sports Events Company As Time-Barred, Calls It Change of Opinion

The Delhi High Court has quashed reassessment proceedings against a Delhi-based sports events company, holding that the notice issued on July 30, 2022 was time-barred and that reopening the case on issues already scrutinized amounted to a mere change of opinion, rendering the entire exercise invalid.A Division Bench of Justices Dinesh Mehta and Vinod Kumar allowed the writ petition filed by the company, setting aside the reassessment notice, subsequent orders, and the ex-parte assessment order...

Foreign Arbitral Award Unenforceable In India Without Valid Arbitration Agreement: Kerala High Court

The Kerala High Court on Tuesday held that a foreign arbitral award, even if confined to costs, cannot be enforced in India under the Arbitration and Conciliation Act, 1996, if it is rendered in the absence of a valid arbitration agreement, holding that such disputes are not capable of settlement by arbitration under Indian law. Justice S. Manu dismissed an execution petition filed by Concilium Marine Group AB and Concejo AB, two Swedish entities, against an Indian resident, observing, “A...

Delhi High Court Quashes Reassessment, Special Audit Against Huawei For AY 2013-14; Upholds Reopening For AY 2015-16

The Delhi High Court has granted partial relief to Huawei Telecommunications (India) in a batch of petitions challenging special audit directions and reassessment proceedings initiated by the Income Tax Department.A Division Bench of Justices V. Kameswar Rao and Vinod Kumar partly allowed the petitions, setting aside the special audit directions and reassessment notices for Assessment Year (AY) 2013-14, while sustaining the proceedings for AY 2015-16.The case arose from a search and seizure...

Limitation To Pass Transfer Pricing Order Cannot Be Extended By Treating Remand As Fresh Reference: Karnataka High Court

Rejecting the income tax department's attempt to treat a Tribunal remand as a fresh transfer pricing reference to extend limitation, the Karnataka High Court has held that no order can be passed once the statutory time limit expires. A single-judge bench of Justice Nagaprasanna emphasised that there is a “world of difference” between a reference made by the Assessing Officer to the Transfer Pricing Officer under Section 92CA(1) and a remand of the matter by the Tribunal, rejecting the Revenue's...

Karnataka High Court Holds Bona Fide Purchaser Entitled To ITC, Reads Down Rules In Favor Of Instakart

The Karnataka High Court on 9 February 2026 held that a bona fide purchaser cannot be denied input tax credit (ITC) merely because the selling dealer failed to deposit tax with the government. A Single-Judge Bench of Justice S.R. Krishna Kumar read down Section 16(2)(C) of the CGST / KGST Act and Rule 36(4) of the CGST / KGST Rules to set aside the order denying ITC to Instakart Services Private Limited. He held: “The impugned provisions contained in Section 16(2)(C) of the CGST / KGST Act...

Earthen Roofing Tiles By Khadi Board-Recognised Unit Qualify For VAT Exemption: Kerala High Court

The Kerala High Court on 12 March held that earthen roofing tiles manufactured by a unit recognised and financed by the Kerala Khadi and Village Industries Board are eligible for tax exemption as “pottery” under the KVAT Act. A Division Bench comprising Justices Devan Ramachandran and Basant Balaji set aside tax demands raised against Annamanada Kalimon Vyavasaya Sahakarana Sangham Ltd., a cooperative society engaged in manufacturing clay products in Thrissur. The Bench observed: “We allow...

Supervisory Jurisdiction Of High Court Can Be Invoked Against Refusal To Reject Plaint In Commercial Suits: MP High Court

The Madhya Pradesh High Court has recently held that a party can invoke the supervisory jurisdiction of the High Court (Article 227 of the Constitution) to challenge a Commercial Court's refusal to reject a plaint at the threshold, even where no appeal or revision lies against such an order.The court clarified that although statutory remedies are barred under the Commercial Courts Act, the High Court's supervisory jurisdiction remains available in limited cases, particularly where the impugned...

Contractual Bar On Damages Does Not Exclude Right To Restoration Of Benefits: Bombay High Court Modifies Arbitral Award

The Bombay High Court has held that a contractual clause barring damages or compensation in a redevelopment agreement is enforceable but does not restrict the statutory right of a developer to seek restoration of benefits under Section 64 of the Indian Contract Act, 1872. Justice Sandeep V. Marne partly set aside an arbitral award under Section 34 of the Arbitration and Conciliation Act, 1996, holding that while the arbitrator was justified in denying damages in view of Clause 22 of the...