In a significant and clarifying judgment, the Income Tax Appellate Tribunal (ITAT), Chennai Bench, has ruled that long-term capital loss (LTCL) from the sale of shares can be validly set off against long-term capital gain (LTCG) arising from a slump sale, provided …
In a pivotal judgment, the Punjab & Haryana High Court has ruled that an accused in a GST fraud case cannot be denied bail under Section 132 of the Central Goods and Services Tax (CGST) Act solely on the basis that the …
In a decisive ruling on July 21, 2025, the Patna High Court in M/s Maharaj Ji Enterprises vs. Union of India reaffirmed that prior GST registration cancellation does not automatically bar an applicant from obtaining fresh GST registration. The Court clarified that any rejection of …
In a landmark ruling, the Chhattisgarh High Court has upheld the Income Tax Appellate Tribunal (ITAT) order granting Section 80G approval to a Raipur-based charitable society, emphasizing that valid registration under Section 12AA of the Income Tax Act, 1961 is sufficient for eligibility under Section 80G. Background of the …
Health is wealth — and now, it can help you save on taxes too! Under Section 80D of the Income Tax Act, 1961, individuals and Hindu Undivided Families (HUFs) can claim deductions on health insurance premiums and preventive health check-ups. 👤 …
Section 80C of the Income Tax Act, 1961, allows individual taxpayers and Hindu Undivided Families (HUFs) to claim deductions from their gross total income by investing or spending in specified avenues. The maximum deduction limit under Section 80C is ₹1.5 lakh …
When it comes to calculating taxable income, salaried individuals often overlook the various allowances that are exempt under the Income Tax Act, 1961. Among these, Section 10(14) plays a crucial role in offering tax relief through specific exemptions granted by employers. This section …
In a growing outcry across Gujarat, traders have accused both Central and State GST officers of grossly misusing Section 67(1) of the Goods and Services Tax (GST) Act, leading to harassment, fear, and alleged extortion under the guise of inspections. Allegations …
The Delhi High Court, in an order dated May 29, 2025, has held that a minor—even an orphaned minor—is treated as an “individual” under the Income Tax Act, and therefore, their income is assessable separately in their own name. 🧾 Key Holdings of …
In a significant ruling dated 20 June 2025, the Madras High Court reaffirmed the importance of effective service of notices under the GST law. The case, titled Tvl. Metro Computers vs Deputy State Tax Officer (W.P. No. 15793 of 2025), dealt with the issue of ex-parte GST …
Telangana High Court Grants Interim Relief to NRSC in GST Dispute In a significant development, the Telangana High Court has granted interim relief to the National Remote Sensing Centre (NRSC) in a pending GST liability case. The court has directed tax authorities to refrain from taking …
Kerala becomes the first Indian state to implement a fully digital adjudication process for State GST matters. In a major digital governance initiative, the State Goods and Services Tax (SGST) Department of Kerala has introduced a pilot project for ‘Faceless Adjudication’, starting August 1, …
In a significant ruling, the High Court has strongly cautioned against passing ex parte GST assessment orders based solely on notices uploaded on the GST portal. The decision came in response to a writ petition filed by a taxpayer company …
The Karnataka High Court, in a significant ruling, has clarified that directors disqualified under Section 164(2) of the Companies Act, 2013 can be barred from serving as directors in all companies, not just the company that is in default. The Court further upheld that …
In a significant compliance enforcement action, the Ministry of Corporate Affairs (MCA) has imposed a total penalty of ₹3 lakh on a private limited company and its two directors for failing to maintain a registered office as required under the Companies Act, 2013. 🔍 Background of the Case The penalty …
Cosmo Films Ltd vs CBDT | Landmark Delhi High Court Ruling In a significant ruling that reinforces taxpayer rights in the digital era, the Delhi High Court has permitted manual filing of ITR-6 after a software error denied rightful tax benefits to Cosmo Films Limited. …
Starting Assessment Year 2025–26, individuals with aggregate savings bank deposits exceeding ₹50 lakh in a financial year are mandatorily required to file an Income Tax Return (ITR), even if their total income falls below the taxable threshold. In a significant …
The Calcutta High Court, in a significant ruling in the case of Sayan Biswas vs. Deputy Commissioner of Revenue, has clarified the legality of initiating separate GST proceedings under Sections 73 and 74 of the WBGST/CGST Act, 2017. While upholding …
Here are the key facts and legal reasoning in Mahesh Kumar Mishra v. Union of India, decided by the Calcutta High Court on 14 July 2025, where the Court remanded the matter because the appellate order failed to adequately address the recovery of tax before …
In a landmark order dated 9 July 2025, the Delhi bench of the ITAT rebuked the Assessing Officer’s attempt to tax a trust for failing to apply or accumulate income that the trust had not even received. The case reaffirms that tax …