ITR PROCESSING आयकर विभाग की बड़ी लापरवाही ! INCOME TAX DEMAND NOTICE ! INCOME TAX LATEST UPDATE
ITR PROCESSING आयकर विभाग की बड़ी लापरवाही ! INCOME TAX DEMAND NOTICE ! INCOME TAX LATEST UPDATE
Daily Archives: November 13, 2025
FM Sitharaman: GST 2.0 Increased E-Commerce Trade by 22%
FM Sitharaman: GST 2.0 Increased E-Commerce Trade by 22% Issue: To highlight the successful initial impact of the Goods and Services Tax (GST) 2.0 rate rationalization on the digital economy, specifically e-commerce trade volumes and overall consumer purchasing power. Facts: The GST 2.0 tax revision and rate reduction measures were announced and implemented effective… Read More »
Bajaj to Tweak KTM, Triumph Range to Meet GST Benefits
Bajaj to Tweak KTM, Triumph Range to Meet GST Benefits Issue: Bajaj Auto faces a tax disadvantage on its mid-to-high capacity motorcycle range (KTM and Triumph) because the engine displacement of popular models is slightly above the 350cc threshold, causing them to attract the highest GST slab instead of the concessional rate. Facts: The recent… Read More »
Supreme Court: Sale of Immovable Property is Not a Service
Supreme Court: Sale of Immovable Property is Not a Service Issue: Whether the sale and transfer of title in immovable property, particularly raw land, should be classified as a taxable ‘real estate agent’ service under the Finance Act, 1994 (Service Tax regime), thereby attracting service tax liability. Facts: The appeal was filed by the… Read More »
Supreme Court Grants Interim Stay on ₹123 Crore GST Notice to Baazi Games
Supreme Court Grants Interim Stay on ₹123 Crore GST Notice to Baazi Games Issue: Whether the Directorate General of GST Intelligence (DGGI) could proceed with a tax demand notice against an online gaming company (Baazi Games) on the ‘full face value of bets’ after the Supreme Court had already reserved its judgment on the… Read More »
India’s Textile Exports Shows Resilience and Diversification; Growth recorded in exports to 111 Countries
India’s Textile Exports Shows Resilience and Diversification; Growth recorded in exports to 111 Countries Posted On: 12 NOV 2025 6:20PM by PIB Delhi India’s Textile & Apparel, including handicrafts exports, demonstrated remarkable resilience in the first half of FY 2025-26 despite global headwinds and tariff-related challenges in major markets. India’s global exports of textiles, apparel… Read More »
Cabinet approves Export Promotion Mission to strengthen India’s export ecosystem with an outlay of Rs.25,060 crore
Cabinet approves Export Promotion Mission to strengthen India’s export ecosystem with an outlay of Rs.25,060 crore Posted On: 12 NOV 2025 8:16PM by PIB Delhi The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi has approved the Export Promotion Mission (EPM) — a flagship initiative announced in the Union Budget 2025–26 to strengthen… Read More »
IMPORTANT GST CASE LAWS 12.11.2025
IMPORTANT GST CASE LAWS 12.11.2025 Relevant Act Section Case Law Title Brief Summary Citation Central Goods and Services Tax Act, 2017 Sec 9 – Levy & Collection V.S. Trading Company (Perumal Vasudevan), In re Product traded as ‘tapioca flour’ was found to be fibrous ‘thippi’ residue from starch extraction. It is classified as starch manufacture… Read More »
IMPORTANT INCOME TAX CASE LAWS 12.11.2025
IMPORTANT INCOME TAX CASE LAWS 12.11.2025 Relevant Act Section Case Law Title Brief Summary Citation Income-tax Act, 1961 Sec 2(15) – Charitable Purpose ITO, Exemptions v. Chembur Gymkhana Charitable trust providing sports facilities and charging differential rates needs re-examination of Sec 2(15) proviso applicability (Advancement of any other object of general public utility) in light… Read More »
SC Confirms 115BAA Benefit Is Lost if Form 10-IC is Not Filed by Original Due Date.
SC Confirms 115BAA Benefit Is Lost if Form 10-IC is Not Filed by Original Due Date. Issue Can a company claim the concessional tax rate under Section 115BAA by filing Form 10-IC with a revised return, after it failed to file the form by the original return’s due date as mandated by Section 115BAA(5)? Facts… Read More »