India’s newly constituted Goods and Services Tax Appellate Tribunal (GSTAT) has passed its first order, marking an important milestone in the evolution of GST dispute resolution. The Tribunal dealt with a GSTR-1 vs GSTR-3B mismatch dispute relating to FY 2018-19, and adopted a practical and taxpayer-friendly …
In a significant ruling on tax deduction at source (TDS) obligations, the Delhi High Court has dismissed three appeals filed by the Income Tax Department against Mahagun Developers in a dispute concerning lease rent payments made to the NOIDA Authority. …
The Madras High Court recently dealt with an important dispute involving a taxpayer registered under the GST composition scheme. The tax department alleged short payment of tax and proceeded to assess turnover by adding a notional gross profit, ultimately demanding tax …
Refund of accumulated Input Tax Credit (ITC) arising from an inverted duty structure has been one of the most litigated issues under the GST regime, largely due to anomalies in the computation formula prescribed under Rule 89(5) of the CGST …
A Public Interest Litigation (PIL) has been filed in the Supreme Court of India under Article 32 of the Constitution, challenging the constitutional validity of certain powers granted to Income Tax authorities under the newly enacted Income Tax Act, 2025. The main grievance is that the law permits tax …
In a significant ruling under GST law, the Allahabad High Court granted bail to a company director accused of evasion of GST exceeding ₹11 crores. The Court observed that since the investigation had already been completed and the evidence was …
The Draft Income Tax Rules 2026 have introduced major proposals aimed at revising PAN quoting requirements, enhancing reporting norms for crypto transactions, and updating several tax-related provisions. These rules are expected to modernise compliance and align with the upcoming Income Tax Act, 2025, which will …
The Calcutta High Court, in a significant ruling, held that delay in filing a GST appeal due to the illness of the assessee’s accountant constitutes a sufficient cause for condonation. The Court observed that since the assessee was neither grossly …
In a significant ruling on cheque bounce liability, the Kerala High Court has reaffirmed that a Managing Director who signs dishonoured cheques and manages the day-to-day affairs of a company can be held vicariously liable under Section 141 of the …
In a major relief for businesses facing legacy VAT disputes, the Punjab and Haryana High Court has barred the Punjab tax department from taking any coercive recovery action against a proprietorship firm after the State admitted that the VAT assessment record was destroyed …
Section 41(1) of the Income Tax Act is triggered only when an assessee derives a real benefit due to remission or cessation of a trading liability. In recent years, the transfer of stressed loans by banks to Asset Reconstruction Companies …
The GST regime is largely driven by technology, with notices, replies, and adjudication proceedings being conducted through the online GST portal. While this digital system aims to ensure transparency and efficiency, it also creates challenges when technical glitches prevent proper …
Charitable trusts and societies often rely on the exemption provisions under Section 11 of the Income-tax Act to accumulate income for future charitable purposes. However, tax authorities sometimes deny such benefits on the basis of minor procedural defects, even when the charitable …
The Union Budget 2026 has introduced a major reform in the way Minimum Alternate Tax (MAT) is treated under India’s corporate taxation framework. In a move aimed at simplifying compliance and ensuring greater tax certainty, the government has proposed to convert MAT into a final, …
In a major boost to trade facilitation and ease of doing business, the Central Board of Indirect Taxes and Customs (CBIC) has proposed extending the deferred payment of import duty facility to compliant importers starting 1 March 2026. The extension has …
The Union Budget 2026 introduced a notable change for participants in India’s stock derivatives market by increasing the Securities Transaction Tax (STT) on Futures and Options (F&O) trades. At first glance, the revision may look like a marginal tweak in …
The Finance Bill, 2026 marks a decisive shift in India’s income-tax compliance framework. One of the most significant reforms proposed is the replacement of discretionary penalties with fixed, mandatory fees for certain procedural defaults under the Income-tax Act, 2025, effective from 1 April 2026 (Assessment Year …
In a significant relief for the real estate sector, the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), New Delhi, has ruled that Transfer of Development Rights (TDR) does not constitute a taxable service under the Finance Act, 1994. The tribunal has set aside a …
The Jharkhand High Court has reiterated the settled principle that a writ petition under Article 226 of the Constitution cannot be entertained against a GST order-in-original when an effective statutory appellate remedy is available and no violation of the principles …
The Union Budget 2026, presented by Finance Minister Nirmala Sitharaman, brings significant structural and compliance-oriented changes to the income tax framework while keeping tax rates unchanged. Despite widespread expectations of relief through revised income tax slabs, the government chose to …