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Legal Precedent Set on Seized Currency and Smuggling Charges
A landmark ruling establishes that authorities cannot seize suspected smuggling currency based on investigative statements alone without concrete proof.
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Hyderabad ITAT Rules in Favor of BSNL VRS-2019 Tax Exemptions
The Hyderabad ITAT has ruled that BSNL VRS 2019 retirees qualify for full tax exemptions under Section 10 10B and condoned major filing delays.
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Legal Proceedings Unfold in Cargo Marine Insurance Dispute Involving Mga International and United India Insurance
Discover how the legal battle unfolds as Mga International challenges United India Insurance over a rejected marine cargo claim for a 2007 timber shipment.
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Legal Battle Unfolds in NCLT Regarding Corporate Contempt Proceedings
Explore the intense corporate legal battle in the NCLT as appellants challenge a key ruling and push for critical contempt proceedings.
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Legal Precedent Reinforces Standards for Currency Seizure Under Customs Act
Learn how a landmark court ruling strengthens asset owner protections by requiring strict proof for currency seizures under the Customs Act.
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Hyderabad ITAT Deletes ₹2.55 Crore On-Money Additions for Lack of Corroboration
In a significant legal development, the Hyderabad bench of the Income Tax Appellate Tribunal (ITAT) has deleted tax additions amounting to ₹2.55 crore. Official reports indicate that the tribunal ruled…
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ITAT Remands ₹2.15 Crore On-Money Addition Pending Developer’s Appeal Findings
Tax authorities recently faced a procedural turning point when the Income Tax Appellate Tribunal (ITAT) set aside a disputed financial addition amounting to ₹2.15 crore. The tribunal ordered a fresh…
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Hyderabad ITAT Rules Only 16% of ₹40.93 Crore On-Money Receipts Are Taxable
In a notable tax jurisprudence development, the Hyderabad bench of the Income Tax Appellate Tribunal (ITAT) has ruled that only 16 percent of a disputed ₹40.93 crore in on-money receipts…
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ITAT Delhi Rules Foreign Life Policy Is Not Undisclosed Asset and Maturity Proceeds Are Exempt
The Income Tax Appellate Tribunal (ITAT) in Delhi has ruled that a foreign life insurance policy acquired while an individual was a non-resident Indian (NRI) does not constitute an undisclosed…
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ICICI Lombard Revision Petition Challenges State Commission Orders in Legal Dispute
On August 7, 2026, legal proceedings unfolded in a high-profile revision petition involving ICICI Lombard General Insurance and respondent Basant Nain, son of Jagbhushan Nain. The court session brought legal…