On 21 August 2025, the Income-Tax (No. 2) Bill, 2025 officially received the President’s assent, becoming the Income-Tax Act, 2025 — a landmark overhaul of India’s tax code. This modernized legislation is slated to commence from 1 April 2026, ushering in a new unified Tax Year system and supplanting …
The Calcutta High Court, in its landmark judgment dated 28 July 2025 in the case of Asian Financial Services Ltd. v. CIT, settled a long-standing controversy regarding the tax treatment of losses incurred from trading in derivatives. The Court categorically held that such losses …
The Gujarat High Court has provided significant relief to taxpayers by ruling that clerical errors in GST returns can be rectified, especially when such mistakes are bona fide and cause no revenue loss. In the case of M/s Sanghvi Metal Corporation, the petitioner …
On 15 August 2025, during his Independence Day address, Prime Minister Narendra Modi announced a landmark reform of India’s Goods and Services Tax (GST) regime, positioning it as the “Next-Generation GST.” The reform aims to simplify India’s indirect tax system through structural …
The Patna High Court has delivered a landmark judgment offering relief to GST taxpayers facing issues of clerical errors in return filing. In the case of Om Traders, the Court held that mistakes in GSTR-3B can be corrected to align with the figures reported in GSTR-1, …
The Madurai Bench of the Madras High Court, in the case of Tvl. Guruvammal Tex v. Assistant Commissioner (ST)-II & Ors. [W.P.(MD) No. 21209 of 2025], examined the legality of blocking Input Tax Credit (ITC) under Rule 86A of the CGST Rules, …
The Chhattisgarh High Court has clarified that the Income Tax Department cannot file appeals before the High Court solely on the basis of monetary thresholds. Even if the tax demand exceeds the prescribed limit, the appeal must be supported by substantive legal grounds. In a …
The Bombay High Court has taken a significant step in a matter concerning equal tax treatment for same-sex couples. A division bench comprising Justice Burgess Colabawalla and Justice Firdosh Pooniwalla has issued notice to the Attorney General of India on a petition challenging …
The recent rulings of the Calcutta High Court in Gopal Rathi vs. Ratan Banik and Santosh Kumar Sah vs. Union of India mark a significant shift in how GST arrests must be approached in India. For too long, enforcement practice leaned on a “arrest first, investigate later” mindset, …
The Calcutta High Court has delivered a landmark ruling that strengthens the rights of taxpayers seeking GST refunds. In the case of Suraj Mangar vs. The Assistant Commissioner of West Bengal State Tax & Others, the Court made it clear that refund …
In a significant ruling dated 16 August 2025 in case of M/s Gajraj Singh vs Union of India & Others , the Allahabad High Court has clarified that service of notice under the Central Goods and Services Tax (CGST) Act, …
Security services play a vital role in safeguarding people, property, and business establishments. In India, the provision of such services is treated as a taxable supply under the Goods and Services Tax (GST) regime. A security agency typically deploys personnel such as …
The Madras High Court has recently set aside a faceless assessment order passed by the National Faceless Assessment Centre (NFAC), ruling in favor of a taxpayer who was denied a fair opportunity to respond. The judgment underscores the critical need for procedural fairness …
In a significant relief for small taxpayers, the Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench, has ruled that the Section 87A rebate is available on Short-Term Capital Gains (STCG) under the new tax regime (Section 115BAC(1A)), provided the total income does not exceed ₹7 lakh …
The characterization of payments for computer software has long been a contentious issue under Indian tax law. The Revenue has consistently argued that consideration paid to foreign suppliers for software amounts to “royalty” under section 9(1)(vi) of the Income-tax Act, …
The government has overhauled the Income Tax law with sweeping changes effective from FY 2025-26. From higher exemption limits and revised tax slabs to faceless assessments and simplified compliance, the new law aims to make taxation fairer, easier, and more transparent. For …
Here’s a refined and clear case analysis of the Gujarat High Court’s judgment dated 10 July 2025, in the case MC Bauchemie India Pvt. Ltd. v. Union of India & Ors., which dealt with proceedings under Sections 73/74 of the CGST Act based solely …
Form No. 10AB is the statutory application prescribed under the Income-tax Act, 1961 for obtaining, renewing, or modifying registration and approval of charitable or religious trusts, institutions, funds, universities, and research entities under sections 12AB, 10(23C), 80G, and 35. It …
In a significant ruling, the Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) reiterated that the Commissioner of Income Tax (Exemptions) [CIT(E)] cannot refuse registration to a charitable trust under Section 12AB merely on the apprehension that its funds …
Losing both your GST portal username and password can feel like hitting a brick wall—especially when filing deadlines are approaching. Fortunately, the GST system provides multiple recovery options, even if all you have at hand is your PAN. This guide …