DPIIT Startup Immunity for “Angel Tax” does not bar Section 68 Probe; Addition Deleted on Merits Issue Whether a DPIIT-registered start-up is automatically immune from additions under Section 68 (unexplained cash credit) regarding share premium, merely because it enjoys immunity from Section 56(2)(viib) (Angel Tax). Whether the addition of the entire share premium as “unexplained… Read More »
Addition Deleted: Unsigned Draft Agreement found on Third Party’s Hard Disk has no Evidentiary Value Issue Whether an addition for unexplained expenditure (alleged cash payment for property) under Section 69C can be sustained based solely on an unsigned and undated draft agreement found on the hard disk of a third party (a deed writer) during… Read More »
Excel Sheets from Third Party & Retracted Statements insufficient for Addition; “Dumb Documents” rejected Issue Whether an addition for unexplained expenditure (cash payment for land) under Section 69A/69B can be sustained based solely on Excel sheets found on a third party’s laptop and statements that were subsequently retracted, without any independent corroborative evidence. Facts The… Read More »
Empowering Tax Certainty: ICAI’s Revised Handbook on Advance Ruling Strengthened Guidance for Tax Clarity The Institute of Chartered Accountants of India (ICAI), through its GST & Indirect Taxes Committee, has released the revised December 2025 Edition of the “Handbook on Advance Ruling under GST.” This comprehensive guide is aimed at enhancing taxpayer awareness, reducing litigation,… Read More »
ICAI Releases Revised Handbook on GST Registration (Nov 2025 Edition) Updated Comprehensive Guide for GST Registration The Institute of Chartered Accountants of India (ICAI) has released the Third Revised Edition (November 2025) of its “Handbook on Registration under GST.” This edition incorporates all statutory amendments, notifications, and procedural changes made up to 31st October 2025,… Read More »
Demystifying Blocked Credits: ICAI’s New Guide for Flawless GST Compliance Comprehensive Update on Input Tax Credit Restrictions The Institute of Chartered Accountants of India (ICAI) has released a revised edition of the “Handbook on Blocked Credit under GST,” updated up to November 10, 2025. This publication is designed to enhance clarity for taxpayers and… Read More »