Income Tax Bill 2025: Select Committee Retains Controversial Powers of Tax Officials Accessing Emails and Social Media During Raids

The Income Tax Bill 2025, introduced by the Indian government as a complete overhaul of the 1961 Act, seeks to modernize tax administration and enforcement mechanisms. A key and controversial provision of this Bill is the explicit legal empowerment of income tax …

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AO Cannot Review Concluded Order under Section 148A(d) on PCIT’s Direction: Delhi High Court Quashes Reassessment in Baba Global Case

In a significant ruling reinforcing procedural integrity under the reassessment regime, the Delhi High Court in the case of Baba Global Ltd v. ACIT, Central Circle 29 & Ors., held that an Assessing Officer (AO), after having passed a reasoned order under Section 148A(d) dropping …

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What Resident Indians should Know about their Tax Liability when Making Immovable Property Transaction with NRIs: A Complete Guide

When a resident Indian enters into an immovable property transaction with a Non-Resident Indian (NRI) — such as buying property from or selling property to an NRI — the tax implications are significantly different from regular resident-to-resident transactions. Here’s what resident Indians should definitely know: 🧾 …

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Karnataka High Court: Short Payment of GST Due to PWD Non-Remittance Not Suppression; Section 74 Notice Reclassified Under Section 73

In a significant ruling, the Karnataka High Court clarified that short payment of GST by a government contractor, due to non-receipt of the GST component from the Public Works Department (PWD), cannot be construed as suppression of facts or fraudulent intent. The Court held that …

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Ministry of Finance Released the GSTAT e-Filing Portal User Manual for Modernising the GST Appellate Mechanism

On July 19, 2025, the Ministry of Finance published the GSTAT e‑Filing Portal User Manual (v2.6), offering a detailed, user‑friendly walkthrough for taxpayers, practitioners, and officials to file GST appeals, applications, and objections online fully paperlessly. This marks a milestone …

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Kavita Manoj Damani vs AO: ITAT Mumbai clarified that Section 54 exemption applies on LTCG from property sales between relatives

The Income Tax Appellate Tribunal (ITAT), Mumbai, in the case of Kavita Manoj Damani vs. AO, held that the exemption under Section 54 of the Income‑tax Act applies even when long-term capital gains are re-invested in property purchased from a relative, …

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Income Tax Bill 2025: Key Changes vs. Original Provisions – A Detailed Comparative Analysis

The Income Tax Bill, 2025 has undergone several crucial amendments after review by the Select Committee, making the legislation more aligned with current business practices, taxpayer convenience, and judicial clarity. This article provides a comparative analysis of the original provisions and the …

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