Who is Liable to Deduct Tax Under Income Tax Act 2025 Under the new Income-tax Act, 2025, the government has streamlined the rules regarding who must deduct Tax Deducted at Source (TDS). While Companies and Partnership Firms are almost always required to deduct TDS, the rules for Individuals and Hindu Undivided Families (HUFs) depend entirely… Read More »
What is TDS? Complete Guide on Who Must Deduct Tax Under Income Tax Act 2025 Under the Income-tax Act, 2025, the government has consolidated and renumbered the provisions for Tax Deducted at Source (TDS). While the core concept remains the same—collecting tax at the very source of income generation—the categories of people liable to deduct… Read More »
IMPORTANT INCOME TAX CASE LAWS 24.02.2026 Relevant Section Case Law Title Core Ruling & Strategic Summary Citation Section 115BAA Bax India Ventures v. CPC [Technical Fault] Denying the 22% concessional rate solely because Form 10-IC was filed late (due to portal glitches or inadvertence) is a jurisdictional error. Substantive benefits cannot be denied for procedural… Read More »
Notice Issued Digitally Within the Limitation Period is Valid Despite Delayed Viewing or Curable Attachment Errors Issue Whether a notice under Section 148 is validly “issued” within the limitation period if it is sent via email on the final day but viewed by the assessee later, and whether attaching the wrong document renders the notice… Read More »
Contractual Compensation for Transit Shortages Is a Deductible Business Expenditure and Not a Penal Fine Issue Whether a payment of ₹20 lakh, labeled as ‘penalty/fine’ but paid to a private party for goods shortage under a transport contract, is a non-deductible penal expense under the Explanation to Section 37(1) or a deductible compensatory business expenditure.… Read More »
The Six-Month Filing Deadline for Section 80G Approval Applies Only to Trusts Commencing New Activities Issue Whether the application for regular registration under Section 80G(5) was time-barred because it was filed beyond six months from the date of provisional approval, specifically regarding the interpretation of the phrase “within six months of commencement of its activities.”… Read More »
Software License Renewal and AMC Fees Held Deductible as Revenue Expenditure u/s 37(1); No Creation of Capital Asset or Enduring Benefit 1. Core Dispute: Capital vs. Revenue Classification The assessee, a service provider, incurred various software-related costs including Annual Maintenance Charges (AMC), database support fees, and license renewal costs. The assessee claimed these as a… Read More »
Mandatory Notice u/s 143(1)(a) Provsisos: Denial of Concessional Tax u/s 115BAA Quashed for Procedural Violation 1. The Core Dispute: Denial of Section 115BAA in Updated Return The assessee-company filed an updated return under Section 139(8A) and claimed the concessional tax regime of 22% under Section 115BAA. While doing so, the company furnished Form 10-IC along… Read More »
IMPORTANT GST CASE LAWS 24.02.2026 Relevant Section Case Law Title Core Ruling & Strategic Summary Citation Section 74 Dhanlaxmi Bank Ltd. v. State of Kerala [Composite Notice Void] Consolidation of multiple financial years into a single Show Cause Notice is impermissible. Since limitation periods expire on different dates for different years, power must be exercised… Read More »
Substantial Justice Over Procedural Technicality: 15-Day Delay Condoned Due to Indo-Pak Conflict; High Court Reverses Dismissal of Appeal 1. The Core Dispute: Procedural Timeline vs. Ground Realities The petitioner sought to file an appeal against a GST order but faced multiple hurdles that pushed the filing past the standard three-month deadline. The Excluded Time: The… Read More »