key differences between the Income-tax Act 1961 and Income Tax Bill 2025 Here is a comparison table summarizing the key differences between the Income-tax Act, 1961 and the proposed Income-tax Bill, 2025, based on the provided sources: Feature Income Tax Act, 1961 Income-tax Bill 2025 Overall Structure Complex and lengthy with numerous amendments, provisos, and… Read More »
AS INTRODUCED IN LOK SABHA on 13th feb 2025 Bill No. 24 of 2025 THE INCOME-TAX BILL, 2025 _______ ARRANGEMENT OF CLAUSES Download Click here
Government releases section-wise comparison table and FAQs on the Income Tax Bill 2025 The document provides a comparison table highlighting the differences between the existing Income Tax Act of 1961 and the proposed Income Tax Bill 2025 in terms of the number of chapters, sections, and words. Particulars Income-tax Act, 1961 The proposed Act Chapters… Read More »
9 IMPORTANT GST CASE LAWS 10.02.2025 Sr No Case Law Title Brief Summary Citation Relevant Section and Act 1 Bobieri Creazon Fashion Accessories (P.) Ltd. v. State of Haryana Challenge to Section 16(2)(c) of GST Act: Coercive Action Stayed Click Here Section 16 Central Goods and Services Tax Act, 2017 2 Naresh Kalapa v. Principal… Read More »
Appeal Rejection Quashed: Pre-deposit paid from Electronic Credit Ledger , Appellate Authority to Consider Condonation of Delay Summary in Key Points: Issue: Was the rejection of the assessee’s appeal justified based on limitation and alleged non-payment of pre-deposit, despite the assessee claiming that the entire disputed tax amount had already been paid? Facts: The assessee’s… Read More »
Pre-Deposit for Stay of Demand Reduced to 10% Following Government Notification Summary in Key Points: Issue: Should the pre-deposit requirement for staying a First Appellate Authority’s order be modified in light of the new Central and State government notifications? Facts: The High Court had previously directed assessees to deposit 10% of the disputed tax amount… Read More »
Writ Petition Challenging GST Order Dismissed: Alternative Remedy Available Summary in Key Points: Issue: Can the assessee challenge a GST adjudication order directly before the High Court through a writ petition, or are they required to exhaust the statutory appeal remedy? Facts: The assessee, a bank, filed a writ petition under Article 226 challenging a… Read More »
Taxpayer liable to pay interest on ineligible ITC transitioned from the pre-GST regime, Penalty under Section 74(1) Set Aside: No Fraud or Intentional Suppression I. Interest on Ineligible ITC Interest on Wrongly Availed and Utilized ITC Upheld Summary in Key Points: Issue: Was the petitioner liable to pay interest on ineligible ITC transitioned from the… Read More »
Demand Order of Sec 74 Quashed: Supply from SEZ Unit to DTA is treated as import for DTA unit , Proper Adjudication Required Summary in Key Points: Issue: Was the demand order valid, given that it ignored the IGST paid by the petitioner, an SEZ unit, and did not follow the proper adjudication process under… Read More »
GST Interest and Penalty Order Set Aside: Excess ITC Already Reversed Summary in Key Points: Issue: Was the order levying interest and penalty valid, given that the disputed excess Input Tax Credit (ITC) had already been reversed? Facts: The petitioner filed GST returns and paid taxes. The department noticed a mismatch between GSTR-3B and GSTR-2A,… Read More »