Department Directed to Pay Interest for Protracted Delay in Refunding Mistakenly Deposited Amount Issue Whether an assessee is entitled to claim interest under Section 56 of the CGST Act for an inordinate delay in receiving a refund of an amount mistakenly deposited in the Electronic Cash Ledger (ECL), where the delay was caused by departmental… Read More »
GST registration should be restored once the assessee clears all pending returns and statutory dues. Issue Whether the GST registration of an assessee, which was cancelled suo motu by the department for non-filing of returns, should be restored if the assessee subsequently files all pending returns, pays the due taxes along with interest and penalties,… Read More »
Input Tax Credit is not available if the value of inputs does not form part of the value of the taxable outward supply, even if IGST was paid on import. Issue Whether an Indian service provider (the applicant) is eligible to claim Input Tax Credit (ITC) on the Integrated Goods and Services Tax (IGST) paid… Read More »
WHY NEW INCOME TAX NOTICES ISSUED U/S 143(2) income tax FOR AY 2024-25 ! BLUNDER MISTAKE
The list of banks available for e-Pay Tax service at e-Filing portal is provided in the Latest Updates dated List of banks for tax payments
Why Simplified Business Compliance is Crucial for New India’s Growth Story India’s economic ascent is a global phenomenon, driven by a vibrant startup ecosystem and the resilience of its MSMEs (Micro, Small, and Medium Enterprises). However, the true engine of this growth story isn’t just a great idea—it’s the ability to execute it without being… Read More »
NEW INCOME TAX NOTICES ISSUED u/s 143(2) AY 2024-25 ! A CA’S GUIDE ! STEP BY STEP
IMPORTANT INCOME TAX CASE LAW 09.06.2025 SECTION CASE LAW TITLE Brief Summary Citation Relevant Act 2(14) Parasmal Ravindra Kumar v. Income-tax Officer Land situated 16 kms from the municipality, confirmed as agricultural by the Village Administrative Officer with records showing cultivation, is agricultural land and exempt from taxation. Click Here Income-tax Act, 1961 2(24) Commissioner… Read More »
A refund cannot be denied for a TDS mismatch if the assessee filed a revised return in time and the revenue neither rejected it nor communicated any defect Issue Whether the revenue department can legally ignore a revised return of income that was filed within the prescribed time to cure a defect notified under Section… Read More »
Criminal prosecution for tax evasion under Section 276C cannot continue once the penalty for concealment on the same facts has been deleted by the Appellate Tribunal. Issue Whether criminal prosecution for the offence of wilful attempt to evade tax under Section 276C(1) of the Income-tax Act, 1961, can be sustained against an assessee when the… Read More »