Adv Aditya Narayan 
In a significant ruling, the Delhi ITAT has quashed a reassessment initiated under Section 148 of the Income-tax Act after finding that approval under Section 151 was granted by the Commissioner instead of the Joint Commissioner — the competent authority …
In a significant development for the Indian judiciary, Justice Surya Kant has been formally appointed as the next Chief Justice of India (CJI). The announcement was made by Union Law and Justice Minister Arjun Ram Meghwal, who confirmed that President Droupadi Murmu has exercised her …
In a significant relief to a retired government employee, the Income Tax Appellate Tribunal (ITAT), Cochin Bench, quashed a penalty imposed for “misreporting of income” under Section 270A(9) of the Income-tax Act, 1961. The Tribunal held that a bona fide and fully disclosed claim …
New Delhi, October 29, 2025 — In a major relief to taxpayers and professionals, the Central Board of Direct Taxes (CBDT) has announced an extension of the due dates for filing Income Tax Returns (ITR) and Tax Audit Reports for the Assessment Year 2025-26 under …
As the due date of 31 October 2025 approaches, thousands of businesses and professionals under audit are anxiously waiting for clarity from the Central Board of Direct Taxes (CBDT). The big question — will the government extend the ITR filing deadline for audit …
In a landmark judgment dated October 28, 2025, the Supreme Court upheld the Gujarat High Court’s ruling allowing a refund of unutilized Input Tax Credit (ITC) of GST Compensation Cess. Background The assessee was engaged in the export of manufactured goods. The inputs used in …
Every audit season brings a familiar question to every CA’s desk — “How many balance sheets can a Chartered Accountant sign?” For Assessment Year 2025–26 (FY 2024–25), the professional limits under the Income Tax Act and the Companies Act, 2013 remain unchanged. However, their practical …
In a significant ruling under the Goods and Services Tax (GST) law, the Gujarat High Court granted bail to a taxpayer accused under the Central Goods and Services Tax Act, 2017. The case, reported as 2025 (10) TMI 1069 – …
In a landmark ruling that could reshape India’s digital-asset landscape, the Madras High Court has held that cryptocurrency qualifies as a form of “intangible property” under Indian law. The decision, delivered by Justice N. Anand Venkatesh, aligns India with global judicial thinking in jurisdictions such …
In a significant move towards enhancing India’s business environment, the government is preparing to amend the Companies Act during the upcoming Winter Session of Parliament. The proposed changes aim to make corporate operations more seamless, digital, and globally competitive — aligning India’s regulatory …
Supreme Court to decide if assigning leasehold rights amounts to land transfer or taxable GST supply. Court To Clarify Key Question On Leasehold Transfers In a matter with far-reaching implications for real estate and taxation, the Supreme Court of India has agreed …
In a major step towards easing compliance and boosting business confidence, Finance Minister Nirmala Sitharaman announced the launch of a simplified GST registration system under GST 2.0, effective November 1, 2025. The new framework will enable automatic approval of GST registration within three working days for most new …
The Appellate Authority for Advance Ruling (AAAR), Punjab, has upheld a significant decision clarifying that TR-6 challans cannot be used to claim Input Tax Credit (ITC) under the GST regime. The ruling emphasizes that only system-recognized documents, such as the Bill of Entry, …
The classification of service apartments under the Goods and Services Tax (GST) regime has been a matter of frequent dispute, particularly regarding whether such constructions should be treated as residential or commercial buildings. The distinction holds significant tax implications, as GST …
In a significant ruling that clarifies the evidentiary value of income tax documents in employment and compensation disputes, the Punjab and Haryana High Court has held that a firm’s income-tax records cannot be relied upon as standalone proof of an employee’s …
Even small slip-ups in GST compliance can trigger hefty penalties, leaving businesses under pressure. One common issue is missing the biltee number (consignment note number) on invoices. In a recent landmark decision, the Supreme Court of India stepped in to provide relief, allowing businesses …
On October 23, 2025, the Income Tax Appellate Tribunal (ITAT) issued a significant ruling concerning the carry-forward of unabsorbed depreciation. The Tribunal held that unabsorbed depreciation under Section 32(2) of the Income Tax Act can be carried forward and set off against income in subsequent …
The Income Tax Return (ITR) filing deadline for audit cases is a crucial compliance date for businesses and professionals whose accounts are subject to audit under Section 44AB of the Income Tax Act, 1961. Each year, the Central Board of …
One of the most debated issues under the Indirect Tax regime has been whether Input Tax Credit (ITC) can be denied to a purchaser when the supplier’s registration is cancelled retrospectively or the supplier fails to deposit the tax collected. Tax authorities across …
In a significant ruling, the Kerala High Court in Apollo Tyres Ltd. vs. Assistant Commissioner of Income-Tax (ITA No. 42 of 2024; reported at 2025 LiveLaw (Ker) 660) clarified that non-production of Form 3CL—a report issued by the Department of Scientific and Industrial Research (DSIR)—cannot …