Daily Archives: February 24, 2026

Restaurant Profiteering Confirmed: Increasing Base Price to Maintain Pre-Reduction MRP Violates Anti-Profiteering Mandate 1. The Core Dispute: The “Same Price” Strategy Following the GST Council’s recommendation, the tax rate for most restaurant services was slashed from 18% to 5% (with the withdrawal of Input Tax Credit) effective November 15, 2017. The respondent (a restaurant owner)… Read More »

Writ Petition Rejected: High Court Directs Taxpayer to GSTAT; Holds Lack of Streamlined Filing Not a Ground to Bypass Statutory Remedy 1. The Core Dispute: Bypassing the Tribunal The assessee approached the High Court through a Writ Petition to challenge a Show Cause Notice, an Order-in-Original (adjudication order), and an Order-in-Appeal (first appeal order). Assessee’s… Read More »

Writ Petition Rejected: High Court Directs Taxpayer to GSTAT; Holds Lack of Streamlined Filing Not a Ground to Bypass Statutory Remedy 1. The Core Dispute: Bypassing the Tribunal The assessee approached the High Court through a Writ Petition to challenge a Show Cause Notice, an Order-in-Original (adjudication order), and an Order-in-Appeal (first appeal order). Assessee’s… Read More »

Provisional Attachment Lifted: Bank Accounts Unfrozen Automatically After One-Year Expiry Under Section 83 1. The Core Dispute: Continued Freeze Post-Expiry The Petitioner-company’s bank accounts and properties were provisionally attached by the Commissioner of CGST (Patna-II) on January 3, 2025, using Form GST DRC-22. Even after a full year had passed, the bank continued to freeze… Read More »

TDS Guide to New Income-tax Act 2025 TDS Forms & Deadlines The transition to the Income-tax Act, 2025 brings a complete overhaul of the compliance numbering system. While the core logic of deducting tax remains similar, the Form Numbers you have memorized for decades (like 24Q, 26Q, 16, 15G) are being retired. Here is complete… Read More »

New Changes Relating To Credit Card Usage In Income Tax Act 2025 Based on the Draft Income-tax Rules, 2026 and the Income-tax Act, 2025, here are the new and consolidated rules regarding Credit Card usage. The changes primarily focus on stricter reporting of high-value transactions to the Income Tax Department and the taxation of employer-provided cards. 1. High-Value Spending: “The ₹10 Lakh… Read More »

ITAT Sustains Agricultural Land Exemption but Reinstates Addition for Undocumented Marriage Anniversary Cash Gifts 1. Core Dispute & Findings The Revenue challenged the order of the CIT(A) which had deleted three major additions made by the Assessing Officer (AO). The ITAT analyzed each ground based on documentary evidence and statutory provisions. I. Addition of Cash… Read More »