HC/SC Finance and Tax Judgments · Batch 23

By topic: Income Tax (4) · GST (3) · Banking, RBI & SARFAESI (4) · Customs, Excise & Service Tax (16) · Other Finance Laws (4) · Companies Act (5) · PMLA & FEMA (6) · Judgment hub · Search judgments

42 court rulings, each linked to its complete public judgment copy. Decisions dated 2025-10-15 to 2026-09-24. Also see: Batch 22 (49) · Batch 24 (45) · Batch 25 (39).

1. Yerram Vijay Kumar v. State of Telangana & Anr. (with connected appeal)
   Supreme Court of India · 2026-01-09 · Criminal Appeal arising out of SLP(Crl.) No. 11530 of 2024 with connected appeal · Appeals partly allowed. Companies Act proceedings under sections 448 and 451 and their consequential orders were quashed; the remaining IPC complaint was transferred to the competent territorial court within four weeks for decision on its own merits. No costs.
2. Equitas Small Finance Bank Ltd. v. Nirmala Bai Shanthilal & Ors.
   Delhi High Court · 2026-09-24 · W.P.(CRL) 2380/2026 · The writ petition was dismissed in limine without costs; the earlier disposal of the cheque complaint was left intact.
3. Kitply Industries Ltd. & Ors. v. Reserve Bank of India & Anr.
   Calcutta High Court · 2026-09-23 · W.P.A. No. 24869 of 2026 · Writ petition dismissed; the time to reply to the 17 June 2026 notice was extended by two weeks from the judgment.
4. Rajbir Singh v. Principal Commissioner of Income Tax, Panchkula (21 connected petitions)
   Punjab and Haryana High Court · 2026-09-23 · CWP No. 18800 of 2023 (O&M) with connected petitions · The rejection order was quashed and applications remanded for hearing and reasoned fresh decisions within three months. The court expressly left the exemption merits open.
5. RG Studios v. Union of India & Ors.
   Bombay High Court · 2026-09-22 · Writ Petition No. 869 of 2024 · The rejection was set aside and the writ petition allowed in the specified prayer clauses, without costs.
6. State of Gujarat v. Cad Mak Chew Foods
   Gujarat High Court · 2026-09-18 · R/Tax Appeal No. 690 of 2015 · Both questions of law were answered for the Revenue; the Tribunal ruling, including its deletion of interest and penalty, was reversed and the State’s appeal allowed.
7. Agni Estates and Foundations Pvt. Ltd. v. Deputy Commissioner of Income Tax (common appeals)
   Madras High Court · 2026-09-23 · W.A. No. 3427 of 2023 with connected writ appeals · Revenue appeals dismissed; assessee appeals allowed. The assessment orders, consequential notices, demands and penalty orders were quashed as time-barred; no costs.
8. Newport Shipping and Logistics v. Commissioner of Customs (Appeals-I)
   Madras High Court · 2026-09-17 · W.P. No. 522 of 2026 · The penalty order and appellate confirmation were set aside insofar as they concerned Newport; writ allowed without costs.
9. JP Builders and Developers v. Santosh Amarsingh Sandhu (connected appeals)
   Bombay High Court · 2026-09-23 · Second Appeal No. 116 of 2025 with Second Appeal No. 603 of 2025 · Promoter’s appeal partly allowed, allottee’s dismissed; RERA orders set aside. The promoter must refund ₹12.30 lakh with interest at SBI MCLR plus 2% from 12 July 2016 until repayment, with no earnest-money deduction.
10. Jampani Satyanarayana v. Canara Bank & Ors.
    Andhra Pradesh High Court · 2026-07-28 · W.P. No. 15623 of 2025 · Sale notice and auction for the two specified parcels set aside. The bank was ordered to refund ₹81.50 lakh with 6.85% annual interest from deposit to payment; parties may pursue civil remedies. No costs.
11. Royal Bank of Scotland, N.V. v. Director of Income Tax (International Taxation), Kolkata
    Calcutta High Court · 2026-09-22 · ITA No. 699 of 2007 · Appeal partly allowed to the extent of ATM depreciation. The tribunal order was modified and the assessing officer directed to pass a consequential AY 2003–04 order; no costs.
12. Atlantic Shipping Pvt. Ltd. v. Income Tax Officer (International Taxation) (connected matters)
    Gujarat High Court · 2025-10-15 · R/Tax Appeal No. 688 of 2024 with connected appeal and writ petitions · Tax appeals allowed, tribunal remand quashed; consequent reassessments set aside as infructuous. The assessees obtained treaty relief.
13. Jain Cement Udyog v. Union of India & Anr.
    Delhi High Court · 2026-09-17 · W.P.(C) 13622/2026 · The writ and applications were disposed of; taxpayer relegated to appeal under section 107 with liberty to seek exclusion of the writ-pendency period under section 14 of the Limitation Act.
14. Moral Pharmaceuticals Pvt. Ltd. v. Union of India & Ors.
    Patna High Court · 2026-09-18 · CWJC No. 5336 of 2025 · Writ disposed of with liberty to appeal within 30 days of judgment; the appellate authority was directed not to reject the appeal as time-barred in the stated circumstances.
15. Goodluck India Ltd. & Anr. v. Union of India & Ors. (connected appeals)
    Supreme Court of India · 2026-08-06 · SLP(C) No. 24550 of 2025 with connected appeals · Government appeals dismissed; assessee SLPs challenging validity of the old rule dismissed as infructuous. Registries were asked to place pending analogous High Court cases before roster benches promptly.
16. Union of India & Ors. v. Board of Trustees of the Port of Bombay
    Supreme Court of India · 2026-08-25 · Civil Appeal No. 4477 of 2010 · The notification was restored, but quashing of four pre-11 October 2000 demand notices was left undisturbed because the Union did not press those demands. Appeal disposed without costs.
17. Commissioner of Customs, Airport Special Cargo, Mumbai v. Neelam Jewels
    Bombay High Court · 2026-06-25 · Customs Appeal No. 24 of 2025 · Revenue’s appeal dismissed for lack of a substantial question of law; no costs.
18. Commissioner of Customs (Exports) & Anr. v. Austin Engineering Co. Ltd. & Anr.
    Supreme Court of India · 2026-02-26 · Civil Appeal Nos. 8636–8638 of 2012 · Revenue appeals allowed and the impugned Division Bench order set aside/modified as specified in the signed order. No costs.
19. Anjani Kumar Singh v. Additional Commissioner (CCO), CGST and Central Excise
    Patna High Court · 2026-08-28 · CWJC No. 10227 of 2024 · Writ dismissed with liberty to pursue the statutory remedy; the appellate forum was asked to consider time spent in the High Court if limitation arose.
20. Principal Commissioner of Central Tax and Customs v. Mars International India Pvt. Ltd.
    Telangana High Court · 2026-07-30 · CEA No. 21 of 2026 · Revenue’s High Court appeal dismissed as not maintainable, leaving it to consider section 35L; no costs.
21. Shen Long Bio-Tech (India) Pvt. Ltd. v. Commissioner of GST and Central Excise
    Madras High Court · 2026-07-14 · C.M.A. No. 1711 of 2021 · Taxpayer’s appeal allowed; tribunal limitation dismissal set aside. Department directed to consider refund on merits and decide within two months; no costs.
22. State of Karnataka v. Manoji
    Karnataka High Court · 2026-08-01 · Writ Appeal No. 100084 of 2025 (Excise) · The State’s writ appeal dismissed, preserving the Single Judge’s adjustment relief.
23. Commissioner of Service Tax v. Hardy Exploration & Production (India) Ltd.
    Madras High Court · 2026-08-10 · C.M.A. No. 3249 of 2019 · All five substantial questions answered against Revenue; its appeal dismissed and refund relief left in place without costs.
24. Sampark Industries Ltd. v. Commissioner of CGST
    Allahabad High Court · 2026-07-24 · Central Excise Appeal No. 19 of 2026 · Appeal allowed, tribunal order dated 13 November 2025 set aside and matter remanded for a fresh hearing.
25. Prima Pvt. Ltd. v. Commissioner of CGST, Central Excise and Service Tax, Pune-I
    Bombay High Court · 2026-08-07 · Central Excise Appeal No. 78 of 2025 · CESTAT order set aside to the limited extent of this credit and consequential interest/penalty; remanded for fresh hearing and decision, without costs.
26. State of Madhya Pradesh & Ors. v. Som Distillery Pvt. Ltd.
    Madhya Pradesh High Court · 2026-08-04 · W.P. No. 8893 of 2013 · State writ petition dismissed; Board’s order cancelling the demand remained effective.
27. Commissioner of Central GST and Excise v. Harinagar Sugar Mills Ltd.
    Patna High Court · 2026-07-24 · Miscellaneous Appeal No. 187 of 2021 · All admitted questions answered against Revenue; its appeal dismissed and CESTAT order of 11 December 2019 affirmed without costs.
28. Jindal Saw Ltd. v. Union of India & Ors.
    Gujarat High Court · 2026-07-15 · R/Special Civil Application No. 735 of 2009 · Writ allowed and show-cause notice of 17 September 2008 quashed; connected application disposed.
29. Hazel Mercantile Ltd. & Ors. v. Insolvency and Bankruptcy Board of India (connected petitions)
    Bombay High Court · 2026-08-19 · Writ Petition No. 703 of 2023 with three connected petitions · All four constitutional writ petitions dismissed and validity of regulation 31A upheld; pending applications disposed.
30. M. Govind Reddy & Anr. v. State of Karnataka & Ors.
    Karnataka High Court · 2026-08-11 · W.P. No. 23165 of 2026 · Writ dismissed with express liberty to approach NCLT for suitable relief, which must decide without being influenced by the High Court’s observations.
31. P.V. Krishnaprasad v. Inspector General of Registration & Ors.
    Madras High Court · 2026-08-10 · Crl.O.P. No. 21824 of 2026 · EOW directed to supply a complete document set to the liquidator within three weeks, photocopy costs to be borne by petitioner; EOW to pursue realisation and depositor distribution expeditiously.
32. Sangita Arora & Ors. v. State of NCT Delhi & Anr. (connected petitions)
    Delhi High Court · 2026-09-08 · CRL.M.C. 4722/2026 with CRL.M.C. 4723–4724/2026 · All petitions dismissed, interim protection vacated and trial court notified.
33. National Spot Exchange Ltd. v. Central Bureau of Investigation, Bank Securities and Fraud Cell
    Bombay High Court · 2026-03-27 · Criminal Revision Application No. 504 of 2024 · The criminal revision application seeking joint trial was rejected.
34. Sukhwinder Singh Kharour v. Directorate of Enforcement
    Punjab and Haryana High Court · 2026-09-18 · CRM-36644-2026 in CRM-M-24973-2026 · Bail petition dismissed for the present stage; the trial must proceed independently of the bail observations.
35. Gameskraft Technologies Pvt. Ltd. & Anr. v. Directorate of Enforcement
    Karnataka High Court · 2026-08-05 · W.P. No. 1668 of 2026 · ED’s preliminary maintainability objection rejected; writ directed to be listed for adjudication of the merits.
36. Sushil Kumar Verma v. Securities and Exchange Board of India & Anr.
    Delhi High Court · 2026-07-22 · W.P.(C) 9717/2026 · Writ dismissed as not maintainable, without prejudice to remedies before competent fora.
37. Neville Tuli v. Securities and Exchange Board of India & Anr.
    Bombay High Court · 2026-07-15 · Writ Petition No. 5242 of 2025 · Cognizance and process quashed solely for non-compliance. Special Court to hear Tuli, who was directed to appear on 3 August 2026, and decide afresh; all merits open, no costs.
38. Securities and Exchange Board of India v. Vedanta Ltd. & Ors.
    Supreme Court of India · 2026-09-09 · Civil Appeal Nos. 25–26 of 2024 · Appeals partly allowed; fraud question alone remanded to SAT for fresh determination within six months, with powers to examine persons and documents as needed.
39. Intersales & Anr. v. Union of India & Anr.
    Delhi High Court · 2026-09-08 · Miscellaneous Appeal (FEMA) No. 40 of 2025 · Appeal partly allowed; ₹25 lakh penalty replaced by ₹3 lakh for the remaining contravention, without costs.
40. Sachin Bansal & Ors. v. Directorate of Enforcement & Ors. (common review order)
    Madras High Court · 2026-06-16 · Rev.Aplw. No. 64 of 2025 with connected review applications · All review applications dismissed with no costs; connected applications closed.
41. Sunita Mehta & Ors. v. Special Director, Enforcement Directorate
    Delhi High Court · 2026-04-08 · Miscellaneous Appeals (FEMA) Nos. 2–4 of 2025 · Appeals partly allowed. Penalties preserved, confiscation directions quashed; no remand given the long passage since 2008 notices. Parties bear own costs.
42. Peter Beck und Partner Vermögensverwaltung GmbH v. Prakash Industries Ltd.
    Delhi High Court · 2026-02-23 · Execution Petition No. 87 of 2022 with connected applications · Objections rejected with ₹1 lakh costs. Court-directed deposits and balance to be remitted to the creditor’s designated euro account; applications disposed.