Capital gains tax cannot be levied under Section 2(47) without verifying whether the assessee was a power-of-attorney holder or the actual landowner.

By | October 5, 2026

Capital gains tax cannot be levied under Section 2(47) without verifying whether the assessee was a power-of-attorney holder or the actual landowner. Issue Whether long-term capital gains under Section 2(47) can be assessed in the hands of an assessee under a Joint Development Agreement without verifying whether he acted merely as a power-of-attorney holder/agent rather… Read More »

Supreme Court Dismisses Review Petition, Holding Non-Filing of Returns Despite Tax Collection Amounts to Willful Suppression Under Section 74 CGST Act

By | October 5, 2026

Supreme Court Dismisses Review Petition, Holding Non-Filing of Returns Despite Tax Collection Amounts to Willful Suppression Under Section 74 CGST Act Supreme Court Dismisses Review Petition, Holding Non-Filing of Returns Despite Tax Collection Amounts to Willful Suppression Under Section 74 CGST Act Issue Whether an assessee who fails to file monthly GSTR-3B returns and pay… Read More »

CBDT amends notification to place JCIT (Appeals) and Addl. C…

By | October 5, 2026

CBDT amends notification to place JCIT (Appeals) and Addl. C… CBDT amends notification to place JCIT (Appeals) and Addl. C…   MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 30th September, 2026 (INCOME TAX) S.O. 5368(E).—In exercise of the powers conferred by section 238 of the Income-tax Act,… Read More »