ITAT Chennai’s Landmark Ruling: Section 54F Exemption Applies to Full Residential Property, Including Land Acquired Before Selling the Original Property

In a significant development, the Income Tax Appellate Tribunal (ITAT) in Chennai has clarified that under Section 54F of the Income Tax Act, the exemption from long-term capital gains tax extends to the entire investment in a new residential property, …

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Gauhati High Court: Demand under Section 73 soley based on Return Discrepancies Invalid Without Prior ASMT-10 Notice

In a landmark judgment dated 19 September 2025, the Gauhati High Court quashed a demand issued under Section 73 of the CGST Act, 2017 against M/s PepsiCo India Holdings Pvt. Ltd., holding that such demand was invalid without prior issuance of Form GST ASMT-10 under Section 61 read with …

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Supreme Court Reiterates: High Courts Cannot Review or Recall Criminal Orders Except to Correct Clerical Errors

In a significant reaffirmation of judicial principles, the Supreme Court of India has ruled that a High Court exercising criminal jurisdiction cannot recall or review its own judicial order, except to correct a clerical or accidental error. The decision was delivered in the …

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Madhya Pradesh High Court Denies MTP Petition of 15-Year-Old Rape Survivor; Child to Be Placed with Welfare Committee

In a deeply sensitive case, the Madhya Pradesh High Court recently made a decision that has drawn national attention. The court denied a petition seeking a medical termination of pregnancy (MTP) for a 15-year-old girl who had been sexually assaulted. The Story Behind the …

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Rising Issues in Income Tax Payments Made via Third-Party Apps

In recent times, several taxpayers have faced difficulties after making income tax payments through third-party payment applications such as GPay, PhonePe, or Paytm. In many instances, although the tax amount gets successfully debited from the taxpayer’s bank account, the payment does not get reflected …

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ITAT Delhi Deletes ₹1,112 Crore Additions: Fresh Share Allotment Outside Section 56(2)(viia) – Suspicion on Debtors Unfounded

The Income Tax Appellate Tribunal (ITAT), Delhi Bench, in the landmark case of Enormous Nivesh Pvt. Ltd. vs. Assistant Commissioner of Income Tax, pronounced on 30th September 2025, delivered a significant ruling concerning the applicability of Section 56(2)(viia) of the Income Tax Act, 1961, …

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Criminal Contempt Plea Against Aniruddhacharya and Ajeet Bharti Sparks Debate on Judiciary’s Intolerance to Criticism and Free Speech

Reports indicate that activist Suraj Kumar Bauddh has requested permission from the Attorney General (AG) of India to initiate criminal contempt proceedings against preacher Aniruddhacharya and YouTuber Ajeet Bharti. This request follows an incident in which a lawyer attempted to …

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Advisory from GSTN 8 Oct 2025: Clarification on Changes in GST Return Filing Effective October 1, 2025

The Goods and Services Tax Network (GSTN) has issued an advisory to clarify certain misconceptions circulating about recent changes in the GST return filing process, particularly concerning the Invoice Management System (IMS) and Input Tax Credit (ITC) flow. No Change in ITC Auto-Population Process …

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