Aditya Narayan Parida

Karnataka High Court reinforced the mandatory applicability of CBIC Circular No. 183/15/2022-GST dated 27 December 2022 in cases involving mismatches between ITC claimed in GSTR-3B and GSTR-2A

15 February 2026 by Aditya Narayan Parida

In a significant GST litigation, M/s. Abhimaani Structures and Engineering Private Limited v. Superintendent of Central Tax (W.P. No. 35021 of 2025 (T-RES), Karnataka High Court, order dated 28 November 2025), the Karnataka High Court delivered a crucial ruling reinforcing the mandatory applicability …

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Jharkhand High Court Allows GSTAT Appeal Without Additional Pre-Deposit If First Appeal Deposit Already Made

14 February 2026 by Aditya Narayan Parida

In a significant relief for taxpayers, the Jharkhand High Court has held that no further pre-deposit is required for filing an appeal before the GST Appellate Tribunal (GSTAT) when a sufficient amount has already been deposited at the first appellate stage. The Court permitted Ranchi-based manufacturer Ashirwad …

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Clubbing of Adjudications Across Financial Years Impermissible Under GST Law: Madras High Court

14 February 2026 by Aditya Narayan Parida

The Madras High Court, in a significant ruling reported in [2026] 182 taxmann.com 771 (Madras), has held that issuance of a single composite show cause notice (SCN) and passing of one consolidated assessment order covering multiple financial years under Section 73 of the CGST Act, 2017 is legally impermissible. The Court …

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Organising Ramkatha or Bhagwat Katha Not Entirely Religious: ITAT Ahmedabad Grants 80G Approval to Charitable Trust

13 February 2026 by Aditya Narayan Parida

In a significant ruling, the Income Tax Appellate Tribunal (ITAT), Ahmedabad has held that a charitable trust cannot be denied approval under Section 80G of the Income Tax Act merely because one of its objects involves organising programmes such as Ramkatha, Bhagwat Katha, …

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First GSTAT Order Delivered: Sterling & Wilson Pvt. Ltd. v. Commissioner, Odisha (11 Feb 2026)

12 February 2026 by Aditya Narayan Parida

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 …

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Delhi High Court Rejects Revenue Appeals in Mahagun TDS Case on NOIDA Lease Rent

12 February 2026 by Aditya Narayan Parida

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. …

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Tax Payable @1% Under Composition Scheme; 18% Demand by Adding GP Not Sustainable — Matter Remanded with 10% Deposit: Madras HC

11 February 2026 by Aditya Narayan Parida

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 …

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Amended Rule 89(5) Held Retrospective: Andhra Pradesh HC Orders Reconsideration of Rejected Inverted Duty Refund Claims

10 February 2026 by Aditya Narayan Parida

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 …

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PIL filed in the Supreme Court (SC) challenging the new Income-tax law’s digital search powers

10 February 2026 by Aditya Narayan Parida

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 …

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Bail Granted in GST Evasion Case as Investigation Complete & Prolonged Detention Unwarranted: Allahabad High Court

10 February 2026 by Aditya Narayan Parida

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 …

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Draft Income Tax Rules 2026 Propose Higher PAN Thresholds and New Crypto Reporting Framework

9 February 2026 by Aditya Narayan Parida

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 …

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Delay in filing appeal due to accountant’s illness condoned; no gross negligence or casual approach could be alleged: Calcutta HC

9 February 2026 by Aditya Narayan Parida

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 …

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Managing Director Who Signed Dishonoured Cheques Held Vicariously Liable Under Section 141 of NI Act: Kerala High Court

8 February 2026 by Aditya Narayan Parida

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 …

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Punjab & Haryana High Court Restrains VAT Recovery After Assessment Records Destroyed in Fire

7 February 2026 by Aditya Narayan Parida

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 …

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Loan Assignment to ARC at Discount Not Taxable u/s 41(1) Without Waiver or OTS: Delhi ITAT

6 February 2026 by Aditya Narayan Parida

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 …

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DRC-07 assessment quashed as non-upload of SCN due to portal glitch violated natural justice; matter remanded: Madras HC

5 February 2026 by Aditya Narayan Parida

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 …

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ITAT Jaipur: Exemption Cannot Be Denied on Mere Procedural Lapses if Trust Substantially Complies with Section 11(2)

4 February 2026 by Aditya Narayan Parida

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 …

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Union Budget 2026: MAT Becomes Final Tax at Reduced 14% Rate from AY 2026-27

4 February 2026 by Aditya Narayan Parida

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, …

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CBIC Extends Deferred Import Duty Payment Facility for Compliant Businesses from March 2026

4 February 2026 by Aditya Narayan Parida

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 …

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Budget 2026: STT Hike on Derivatives Trading Explained in Simple Terms

4 February 2026 by Aditya Narayan Parida

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 …

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