Key rulings from the Supreme Court, High Courts and tribunals — and the developments shaping GST, income-tax and corporate law — explained in plain language, so you always know where the law stands.
Please note: The decisions below are notable public rulings shared for general awareness. They are not matters handled by V K Associates, and nothing here is legal advice — every case turns on its own facts. For guidance on your situation, please get in touch.
A building can qualify as “plant” for input-tax credit if it is essential to the business it houses, judged case-by-case. Why it matters: firms that build malls, warehouses or let-out commercial space may, on the right facts, claim GST credit on construction.
Read more →A genuine buyer who has paid the tax and holds valid invoices should not automatically have to reverse credit just because the supplier failed to file or pay. Why it matters: protects honest businesses — though monthly reconciliation still matters.
Read more →Provisional attachment under Section 83 is a drastic power that needs recorded reasons and must be used sparingly, not mechanically. Why it matters: a wrongly-frozen account or attached asset can be challenged.
Read more →A ₹21,000-crore demand was quashed by the High Court and then stayed by the Supreme Court; whether online games are “skill” (18%) or “betting” (28%) awaits a final ruling. Why it matters: a bellwether for how digital and platform businesses are taxed.
Read more →The six-decade-old Income-tax Act, 1961 is being replaced by a simplified Income-tax Act, 2025, with reorganised provisions and plain-language drafting. Why it matters: section numbers, forms and references are changing — early familiarity avoids missteps.
Read more →A lower withholding rate under an MFN clause of a tax treaty applies only when the Government issues a specific notification — it isn’t automatic. Why it matters: companies making cross-border payments must use the notified rate, not just the treaty text.
Read more →Tribunals have quashed the reopening of old assessments where the sanction under Section 151 showed “non-application of mind” — for instance an approval that doesn’t even name the sanctioning authority. Why it matters: a Section 148 notice is not the last word; the process behind it can be challenged.
Read more →A reduction of share capital is a “transfer” under Section 2(47), so a resulting long-term capital loss can be claimed. Why it matters: relevant to group restructurings and buy-backs.
Read more →The Supreme Court set aside a long-implemented resolution plan, stressing strict compliance with the IBC and its timelines (later recalling the order on review). Why it matters: in insolvency M&A, process discipline and statutory deadlines are decisive.
Read more →After a resolution plan is approved, all earlier claims not included in it — including Government and tax dues — stand extinguished. Why it matters: gives acquirers of distressed companies certainty against surprise legacy demands.
Read more →Where a resolution plan involves a combination, prior Competition Commission approval is mandatory before the creditors’ committee approves it (Section 31(4)). Why it matters: the sequencing of CCI approval can make or break an insolvency bid.
Read more →The Court upheld the constitutional validity of the Insolvency and Bankruptcy Code and explained why financial and operational creditors are treated differently. Why it matters: the foundational decision that anchors how insolvency works in India.
Read more →Case positions move on appeal and the law changes often. For the very latest notifications and judgments, go straight to the official sources:
Last reviewed: June 2026. Always confirm the current status of a ruling before relying on it.
