Punjab & Haryana High Court lays down detailed guidelines on ITC reversal under Section 16(2)(c), protecting genuine buyers from automatic credit denial due to supplier defaults. The Punjab and Haryana High Court has clarified that Input Tax Credit (ITC) cannot …
Delhi High Court quashes a Section 153C notice for AY 2016-17 as time-barred, relying on Ojjus Medicare and the limitation prescribed under Sections 153A and 153C. The Delhi High Court has once again emphasised that proceedings under Section 153C of …
Analysis of CBDT Notification No. 133/2026 clarifying the administrative subordination and jurisdictional alignment of JCIT (Appeals) and Addl. CIT (Appeals) under the Income-tax Act, 2025. Overview of the Notification The Central Board of Direct Taxes (CBDT), under the Department of …
“Sold a property? Learn how to legally reduce your capital gains tax bill using Section 54, 54F, and CGAS under the latest property tax indexation rules.” Selling a piece of real estate often marks a major financial milestone, but it …
Supreme Court Clarifies Validity of Section 138 Demand Notice Under Negotiable Instruments Act The Supreme Court has delivered an important ruling on the validity of a statutory demand notice in cheque dishonour cases under Section 138 of the Negotiable Instruments …
GSTAT Delhi rules that cinema operators cannot avoid passing on GST rate-cut benefits to consumers by relying on State-prescribed ticket price limits under Section 171 of the CGST Act. The Goods and Services Tax Appellate Tribunal (GSTAT), Principal Bench, Delhi …
ITAT Mumbai grants major relief in the Harshad Mehta tax case for AY 1993-94, deleting several crore-rupee additions relating to securities, bank payments, money-market transactions and alleged income. The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has delivered …
GSTAT Lucknow sets aside ₹63.72 lakh GST penalty, ruling that delayed e-invoice generation alone cannot establish tax evasion when invoice, e-way bill and LR are available. The Lucknow Bench of the Goods and Services Tax Appellate Tribunal (GSTAT) has delivered …
Gujarat High Court allows condonation of delay in filing an income tax return under Section 119(2)(b), despite a pending CIT(A) appeal, providing relief to taxpayers with genuine hardship. The Gujarat High Court has delivered an important ruling on the condonation …
Delhi High Court refuses to quash criminal proceedings against Supertech directors in the Hill Town project case, citing prima facie material supporting allegations of cheating, breach of trust and criminal conspiracy. The Delhi High Court has declined to interfere with …
Karnataka High Court rules that compulsory acquisition of immovable property is not a GST supply and orders refund of ₹12.28 lakh with 15% interest to landowners. The Karnataka High Court has delivered an important ruling on the applicability of Goods …
Madras High Court rules that GST waiver under Section 128A cannot be denied merely for non-filing of DRC-03A when tax has already been paid through DRC-03. The Madras High Court has provided important relief to taxpayers seeking waiver of interest …
Karnataka High Court quashes Black Money Act proceedings over foreign assets acquired before 2016, ruling that Section 72(c) required assessment in the correct assessment year. The Karnataka High Court has set aside proceedings initiated under the Black Money (Undisclosed Foreign …
GSTAT directs Hyderabad cinema operator Devi 70MM to deposit ₹81,722 for GST profiteering after failing to pass on the benefit of GST rate reduction on cinema tickets. The Principal Bench of the Goods and Services Tax Appellate Tribunal (GSTAT) has …
Calcutta High Court rules that an Income Tax objection filed on the next working day is valid when the 30-day deadline falls on Sunday, relying on Section 10 of the General Clauses Act. The Calcutta High Court has delivered an …
Delhi High Court refuses to revive a cheque dishonour case after the bank’s counsel represented that dues were fully paid, reaffirming the importance of counsel statements and Lok Adalat settlements. The Delhi High Court has declined to revive a cheque …
Madras High Court rules that ₹10,000 minimum GST penalty cannot be mechanically imposed for minor breaches. Know how Section 126 protects taxpayers from disproportionate penalties. The Madras High Court has recently examined an important issue concerning the imposition of penalties …
Delhi High Court questions AAR’s view treating Mastercard’s Indian network as a Permanent Establishment, raising important issues under the India-Singapore DTAA and international taxation. The Delhi High Court has raised significant concerns over the approach adopted by the Authority for …
Tax audit is not automatically mandatory for five consecutive years. Understand Section 44AB, the five-year rule under Section 44AD, presumptive taxation, and year-wise tax audit applicability for businesses and professionals. Tax audit is an important compliance requirement under the Income-tax …