GST Refund for Government Contractor Due to Rate Revision even though the payment system is locked Summary in Key Points: Issue: Whether a government contractor is entitled to a refund of the differential amount due to a revision in GST rates, even though the payment system is locked and the contractor did not submit a… Read More »
INCOME TAX CALCULATIONS FY 2025-26 / AY 2026 -27 I NCOME RS 12.75 LAKH I TAX =0
Notices under Section 153C for Non-Searched Entity not valid as not based on satisfaction note. Summary in Key Points: Issue: Whether notices issued under Section 153C of the Income-tax Act, 1961 for assessment years 2014-15 to 2020-21 were valid in the case of a non-searched entity. Facts: The assessee challenged notices issued under Section 153C… Read More »
Reassessment notice quashed as it was issued beyond 6 YEARS and without proper approval. Title: Validity and Time Limit of Reassessment Notices and Sanctioning Authority under the Income-tax Act, 1961 Summary in Key Points: Issue 1: Whether reassessment notices issued after April 1, 2021, under the amended Section 148A(b) are valid, and what time limit… Read More »