Tag
Taxation
57 articles
Recent Supreme Court activity highlights ongoing tax-related legal challenges for Indian companies. Several review petitions against prior rulings have been dismissed, including cases involving Agroha Fincap, Diamond Power, and Springer Nature, signaling a consistent judicial stance on these matters. While some cases, like Cargill India’s appeal, have been referred to Special Lok Adalats for resolution, and ITC Ltd. has been granted a stay pending appeal, the broader trend suggests limited grounds for overturning existing tax assessments. These developments underscore the continued scrutiny and potential for litigation surrounding taxation, requiring businesses to carefully manage their compliance and legal strategies.
Supreme Court Dismisses Agroha Fincap Review Petitions
Supreme Court dismissed Agroha Fincap Ltd's review petitions against Principal Commissioner of Income Tax‑1, finding no apparent error.
Application to list the review petitions in open court was rejec
SC Dismisses Review Petition vs Diamond Power
On Aug 4 2026, the Supreme Court condoned delay and dismissed the Income Tax Assistant Commissioner’s review petition against Diamond Power Infrastructure Ltd.
The Court found no error in the record a
SC Dismisses Review Petition vs Diamond Power
On Aug 4 2026, the Supreme Court condoned delay and dismissed the Income Tax Assistant Commissioner’s review petition against Diamond Power Infrastructure Ltd.
The Court found no error in the record a
Cargill India SLP Sent to Special Lok Adalat
Supreme Court heard Cargill India's petition for special leave to appeal against CBDT on 18 Aug 2026.
The bench comprised Justices J.B. Pardiwala and K. Vinod Chandran.
Court ordered the case be refer
Supreme Court Dismisses IT Petition vs Springer
Supreme Court heard Special Leave Petition filed by Commissioner of Income Tax International Taxation 3 against Springer Nature Customer Service Centre.
Court condoned the delay in filing, but refused
Supreme Court Orders Notice in Sarvesh Appeal
Supreme Court heard Civil Appeal No.7318/2018 between the Commissioner of Central Excise, Bhubaneswar II and Sarvesh Refractories Ltd on 14 Aug 2026.
The bench comprising Justices J.B. Pardiwala and K
ITC Ltd Granted Stay Pending Appeal
Supreme Court heard ITC Ltd's petition for special leave to appeal against the Assistant Commissioner of Commercial Taxes.
Court ordered issuance of notice, returnable on 16 November 2026, and barred
Orient Crafts Ltd. Appeals Dismissed by SC
Supreme Court dismissed Orient Crafts Ltd.'s civil appeals against the Income Tax Commissioner as the appellant did not press the prayers.
The order, dated August 13, 2026, also directed disposal of a
Supreme Court Adjourns OMAXE Ltd Tax Appeal
Supreme Court heard Civil Appeal No. 9190/2013 between Asst. Commissioner of Income Tax and OMAXE Ltd on 18 Aug 2026.
The bench comprised Justices S.V.N. Bhatti and N.V. Anjaria, with counsel for both
Larsen & Toubro Granted Stay on Tax Coercion
Supreme Court heard L&T's petition for special leave to appeal against Additional Commissioner order dated 18-04-2026.
Court ordered issuance of notice, returnable on 27-10-2026, directing parties to
Chhattisgarh Beverages Tax Appeal Granted One-Week Extension
The High Court of Chhattisgarh (Bilaspur) heard Tax Case No. 205‑2024 between the Commissioner of Income Tax and Chhattisgarh Beverages Corp Ltd.
The appellant's counsel, Mr. Ajay Kumrani, requested a
Income Tax Commissioner Grants 3‑Week Extension
High Court of Chhattisgarh (Bilaspur) heard Tax Case No.100 of 2023 between the Principal Commissioner of Income Tax and Chhattisgarh State Beverages Corporation Ltd.
On 17 Sep 2024, Judges Sanjay K.
GR Infra Subsidiary's ₹69.79 Cr GST Litigation Dismissed
GR Infraprojects discloses a regulatory update on ongoing litigation concerning GST levy on annuity payments for its subsidiary.
The Hon'ble High Court of Rajasthan at Jodhpur dismissed the subsidiary
Gala Precision Engineering Income Tax Department Proceeding
Income Tax Department commenced proceedings at Gala Precision Engineering's registered office and promoter residence on August 18, 2026.
Company is fully cooperating with authorities by providing requ
IndiGo Receives INR 19.7 Lakh GST Penalty Order
InterGlobe Aviation received a GST penalty order of INR 19.65 lakh from Noida tax authorities on August 18, 2026.
The penalty was imposed for alleged document deficiency during goods transportation, w
Sportking India Final Rs 1 Dividend TDS Procedures
Sportking India's Board recommended a final dividend of ₹1 per share (100%) for FY26, subject to shareholder approval at the 37th AGM.
The company outlines TDS procedures for dividend payments, requir
Globus Spirits Wins ₹6.35 Crore Tax Appeal Relief
Globus Spirits received complete relief in income tax appeals for AY 2014-15 to 2016-17, totaling ₹6.34 crore additions.
The relief was intimated pursuant to SEBI Listing Regulations as a material eve
Balmer Lawrie Receives ₹18.28 Crore GST Demand
Balmer Lawrie discloses receipt of a GST appellate order dated 17th August 2026, imposing a demand of ₹18.28 crore for FY 2020-21.
The demand comprises tax of ₹8.81 crore, interest of ₹8.59 crore, and
TBZ Communicates FY26 Dividend TDS Procedures
TBZ Board recommended Rs 2.50 per share dividend for FY26, subject to shareholder approval at 19th AGM on September 9, 2026.
Dividend payment requires TDS deduction at 10-20% for residents and 20% or
KAMA Holdings Announces TDS Lower Rate Facility for Dividend
KAMA Holdings provides facility for shareholders to submit documents for lower TDS rate on interim dividend.
Shareholders must submit required documents by August 21, 2026 for appropriate TDS deductio
Datamatics Announces Rs 5/Share Final Dividend
• Datamatics Global Services Board recommended a final dividend of ₹5 per equity share for FY26, subject to shareholder approval at the AGM.
• The company will deduct TDS on dividend payments as per I
Datamatics Announces Rs 5/Share Final Dividend
• Datamatics Global Services Board recommended a final dividend of ₹5 per equity share for FY26, subject to shareholder approval at the AGM.
• The company will deduct TDS on dividend payments as per I
SC Lists Commissioner vs R.R. Services Appeal
The Supreme Court heard Civil Appeal No. 2717/2024 between Commissioner of Central Tax and M/S R.R. Services on 17‑08‑2026.
The bench comprised Justice B.V. Nagarathna and Justice R. Mahadevan, who or
SC Lists Commissioner vs R.R. Services Appeal
The Supreme Court heard Civil Appeal No. 2717/2024 between Commissioner of Central Tax and M/S R.R. Services on 17‑08‑2026.
The bench comprised Justice B.V. Nagarathna and Justice R. Mahadevan, who or
JSW Dulux CESTAT Appeal Wins Rs 32.4 Lakh Demand Annulment
JSW Dulux received a favorable final order from CESTAT, Mumbai, annulling a central excise duty demand of Rs 32.41 lakh.
The dispute originated from a proposed Rs 1.59 crore demand later reduced to Rs
SC Refuses SLP, Directs CGST Appeal Shivani
The Supreme Court dismissed the Special Leave Petition filed by M/S Shivani Enterprise challenging the Gujarat High Court’s judgment dated 18‑06‑2026.
Court noted petitioner has alternative remedy und
Supreme Court Condones Sun Pharma Tax Delay
Supreme Court heard SLP No.32096/2026 filed by the Deputy Commissioner of Income Tax against Sun Pharmaceutical Industries Ltd.
The Court ordered condonation of delay in filing Income Tax Appeal No.22
SC Dismisses IT Petition – Sri Lanka Cricket
Supreme Court heard Special Leave Petition filed by the Income Tax Commissioner against Sri Lanka Cricket regarding condonation of filing delay.
The Court, referencing a prior order dated 13‑01‑2026 i
Protean eGov Final Dividend ₹10 per Share
Protean eGov declared a final dividend of ₹10 per share (100%) for FY25-26, subject to shareholder approval at the upcoming AGM.
The record date for dividend eligibility is set for August 28, 2026, wi
Yuken India ₹1.50 Dividend TDS Guidelines
Yuken India's Board recommended a final dividend of ₹1.50 per equity share for FY26, subject to shareholder approval at the AGM.
Dividend payments will be subject to TDS deduction at rates ranging fro
GP Petroleums Final Dividend TDS Communication
GP Petroleums sets August 19, 2026 as record date for final dividend of ₹0.50 per share for FY25-26, subject to AGM approval.
Company outlines detailed TDS requirements for resident and non-resident s
Zaggle Income Tax Appeal Dismissed for AY 2022-23
Zaggle Prepaid Ocean Services Ltd discloses dismissal of its income tax appeal by CIT(A) for assessment year 2022-23.
The appeal was against a demand notice received under Section 156 of Income Tax Ac
OM Sai Construction Granted GST Revocation Relief
The Uttarakhand High Court disposed Writ Petition No.663/2026, allowing OM Sai Construction to seek revocation of its GST registration cancellation.
Relief mirrors WPMB No.39/2025, permitting applicat
Harak Singh GST Assessment Quashed by Uttarakhand HC
Uttarakhand HC quashed the GST assessment order of 16‑08‑2024 demanding Rs 1,27,163 each for CGST and SGST plus penalties.
The court also set aside the dismissal of the petitioner's appeal (Appeal No.
Harak Singh GST Assessment Quashed by Uttarakhand HC
Uttarakhand HC quashed the GST assessment order of 16‑08‑2024 demanding Rs 1,27,163 each for CGST and SGST plus penalties.
The court also set aside the dismissal of the petitioner's appeal (Appeal No.
Xchanging Solutions FY26 Final Dividend TDS Instructions
Xchanging Solutions announced final dividend of ₹2 per share for FY26, subject to AGM approval.
Company issued detailed TDS compliance instructions for shareholders with August 19, 2026 deadline.
TDS
GIC ₹13.25 Dividend TDS Implementation for FY26
GIC informs shareholders of mandatory TDS on its recommended ₹13.25 per share dividend for FY 2025-26, as per new Income Tax Act 2025 provisions.
Resident shareholders face 10% TDS if dividend exceeds
Gurunanak Arecanut Traders SLP Dismissed
Supreme Court heard Special Leave Petition filed by M/S Gurunanak Arecanut Traders against Commercial Tax Commissioner, U.P. on 14 Aug 2026.
Court condoned filing delay for multiple interim applicatio
Income Tax Commissioner Appeals Kissan Asmita Order
Supreme Court heard petition for special leave to appeal (C) No.18459/2025 on 14 Aug 2026, stemming from a 4 Mar 2024 Bombay High Court judgment.
Petitioner: Assistant Commissioner of Income Tax Centr
Supreme Court Dismisses Raj Enterprises SLP
Supreme Court heard Special Leave Petition 22095/2026 filed by Raj Enterprises against Union of India on 14‑08‑2026.
Court condoned the petitioner's filing delay and allowed challenge to the Gujarat S
Sri Lotus Developers Files GST Appeal Against ₹38.8 Crore Demand
Sri Lotus Developers filed a writ petition on August 14, 2026, appealing a GST order demanding ₹38.8 crore in tax, interest, and penalty for FY 2020-24.
The company received the original order on June
Audi Automobiles Wins Tax Appeal, Appeals Allowed
Supreme Court heard Civil Appeals 10504‑10506/2017 filed by Audi Automobiles & ors. against Commissioner of Central Excise and Service Tax, Indore.
The bench comprising Justices J.B. Pardiwala and K.
Holy Decorators Writ Disposed by Calcutta HC
The Holy Decorators filed writ petition seeking transfer to GST Appellate Tribunal and time to file appeal under Section 112 CGST Act.
The Court ordered disposal of the writ petition, directing that a
MMDR Amendment Bill 2026 Passed for Mineral Sector Stability
Parliament passed MMDR Amendment Bill 2026 to provide long-term fiscal stability in major minerals sector without altering state rights.
States retain 90% of mining revenues including royalty, auction
Star Printing Secures 4‑Week GST Appeal Stay
The Calcutta High Court ordered a four‑week restraining order on the State of West Bengal to prevent coercive action against Star Printing.
The stay enables Star Printing to file an appeal before the
Uflex Q1 Consolidated Net Profit Surges 630% YoY
Uflex Limited's Board approved unaudited standalone and consolidated financial results for Q1 FY27, ending June 30, 2026.
Consolidated net profit soared to ₹42,333 lakhs, a 630% increase from ₹5,802 l
Senco Gold Final Dividend FY26 Tax Deduction Procedures
Senco Gold communicated TDS procedures for its Re. 1 per share final dividend for FY 2025-26, approved by the board on May 26, 2026.
The document details varying TDS rates for resident and non-residen
Whirlpool India FY26 Revenue Up 1.4%, Profit Falls 23%
Whirlpool of India reported FY26 consolidated revenue growth of 1.4% to ₹7,474 Cr despite challenging market conditions, with PAT declining 23% to ₹242 Cr due to regulatory costs and one-time provisio
PPAP Automotive Final Dividend Rs 1.5 Per Share
PPAP Automotive Board recommended a final dividend of ₹1.5 per share (15%) for FY 2025-26, subject to shareholder approval.
Dividend payments will be subject to TDS deduction as per Income Tax Act, 20
Oil India Final Dividend FY26 TDS Notice
Oil India Limited communicated TDS procedures for its recommended final dividend of Re 1 per share for FY 2025-26.
Shareholders must submit TDS documents to KFin Technologies by September 7, 2026, for
Libas Consumer Products Q1 FY27 Results with Qualified Audit
Libas Consumer Products reported Q1 FY27 standalone net profit of ₹91.37 lakhs, down 38% from previous quarter.
Auditor issued qualified review citing ₹700.84 lakhs inventory overstatement and TDS/gra
Satia Industries Q1 Net Loss ₹17.12 Crore
Satia Industries reported a Q1 FY27 net loss of ₹17.12 crore, primarily due to a ₹39.33 crore deferred tax charge from transitioning to a new concessional tax regime.
Revenue from operations stood at
Krsnaa Diagnostics Q1 Net Profit Rises to ₹158.2M
Board approved unaudited standalone and consolidated financial results for Q1 FY27, showing revenue growth and profit increase.
Declared a final dividend of ₹2 per share for FY25, with record date set
Triton Valves Q1 FY27 Net Profit Surges to ₹7.48 Crore
Triton Valves reported standalone Q1 FY27 net profit of ₹747.90 lakhs, a significant increase from ₹30.52 lakhs in Q1 FY26.
The company completed merger with TritonValves Climatech, recognizing ₹431.7
Triton Valves Q1 FY27 PAT Surges to ₹7.48 Crore
Triton Valves reported Q1 FY27 standalone PAT of ₹7.48 crore, a significant increase from ₹0.31 crore YoY, driven by a deferred tax asset recognition.
The Board approved the 50th AGM on September 25,
JSW Cement Q1 FY27 Net Profit ₹111 Crore
Board approved Q1 FY27 unaudited standalone net profit of ₹111.41 crore and consolidated results.
Approved raising up to ₹500 crore via private placement of listed Non-Convertible Debentures.
Exceptio
Andhra Pradesh Aqua Farmers Face Price Decline, Feed Cost Rise
Andhra Pradesh reports 2.16 lakh aquaculture farmers facing difficulties due to declining market prices and rising feed costs.
State government secures ₹4/kg shrimp feed price reduction and provides s