Refund of Accumulated Compensation Cess ITC Allowed for Zero-Rated Supplies (Exports with IGST Payment) Issue Whether a manufacturer-exporter is entitled to a refund of accumulated Input Tax Credit (ITC) of Compensation Cess paid on inputs (Coal) used for captive power generation to manufacture goods that are exported (Zero-rated supplies) on payment of IGST, even if… Read More »
Writ Petition Dismissed as Technical Plea on Portal Glitch Rejected When Order Was Reasoned on Merits Issue Whether a taxpayer can invoke writ jurisdiction to challenge an appellate order upholding a GST demand solely on the “technical ground” that the GST portal allegedly did not allow the payment of the 10% pre-deposit (Section 107(6)), forcing… Read More »
ITR REFUND PROCESSING रॉकेट की स्पीड से ! INCOME TAX REFUND NOT RECEIVED! ITR NOT PROCESSED
Reclaiming India’s Wealth: Leaders Launch Mega Drive for Unclaimed Deposits National Leaders Championing Citizen Rights The ‘Your Money, Your Right’ (‘आपका पैसा, आपका अधिकार’) mega camp in New Delhi was led by Delhi Chief Minister Smt. Rekha Gupta and Union Minister of State for Finance Shri Pankaj Chaudhary on November 27, 2025. The initiative… Read More »
Streamlining International Tax Dispute Resolution: CBDT’s New Rules for MAP and Appeals New CBDT Directive Issued The Central Board of Direct Taxes (CBDT), Ministry of Finance, has issued an Office Memorandum (OM) dated November 27, 2025. This OM was created to standardize and clarify the process for implementing outcomes reached under the Mutual Agreement Procedure… Read More »
INCOME TAX NOTICE TO LAND BUYERS ! हो जाए सावधान !
ITR filed after death is valid proof for Income for Motor Accident Claim : Supreme court Case Sayar & Ors. v. Ramkaran & Ors., here is a breakdown of the case’s facts, core issue, and the Supreme Court’s decision: 1. Facts of the Case Incident: The accident occurred on 27th June 2006. Deceased: Rajendra… Read More »
Buying Land: How to Avoid a Income Tax Notice Buying a plot of land is a major financial milestone, but it can quickly turn into a tax nightmare if the transaction attracts scrutiny from the Income Tax Department. Tax notices are often triggered when there is a mismatch between the declared funds used for… Read More »
How to make tds payment on purchase of property The specific challan-cum-statement used to deposit TDS on property purchase under Section 194-IA is Form 26QB. Procedure for TDS Payment on Property (Form 26QB) This process is mandatory when the sale consideration or stamp duty value is ₹50 Lakh or more. 1. Preparation and Deduction… Read More »
Agricultural Income Accepted; Addition u/s 68 Deleted as AO Failed to Rebut Affidavits Issue Whether the Assessing Officer (AO) can treat a portion of declared agricultural income as unexplained cash credit under Section 68 based on estimates from a Verification Unit and general internet rates, while ignoring specific affidavits and evidence furnished by the assessee… Read More »