Allowing the filing of updated return after issuance of notice of reassessment: Section 263 of the Income Tax Act, 2025 (“the Act”) makes the provisions for filing of Income Tax Return by taxpayers. The said section deals with the comprehensive framework that lays down class of persons who are required to file a return, the… Read More »
Scope of filing of updated return in the case of reduction of losses – reg. Section 263 of the Income Tax Act, 2025 (“the Act”) provides for filing of Income Tax Return by taxpayers. The said section deals with the comprehensive framework that lays down class of persons who are required to file a return,… Read More »
Extending the period of filing revised return Section 263 of the Income-tax Act, 2025 deals with filing of Income-tax return by taxpayers. The said section prescribes the comprehensive framework that lays down class of persons who are required to file a return, the due dates, and the different types of returns that may be furnished.… Read More »
IMPORTANT GST CASE LAWS 07.02.2026 Relevant Act Section Case Law Title Brief Summary Citation CGST Act, 2017 Section 67 Reevan Creation v. State of Gujarat [Seizure Limitation] Under Section 67(7), seized goods/cash must be returned if no notice is issued within six months. Failure to issue a notice or a Section 130 confiscation notice within… Read More »
GST Exemption for Environmental Preservation by Charitable Trusts 1. The Core Dispute: Are Non-Forest Tree Plantations “Charitable”? The applicant, a charitable institution registered under Section 12AB of the Income-tax Act, sought clarity on its primary activity: the large-scale plantation and long-term maintenance of trees. These activities were carried out in non-forest areas, including barren lands,… Read More »
Remand for GSTR-1 & GSTR-3B Mismatch Analysis (FY 2020-21) 1. The Core Dispute: Clerical Error vs. Tax Liability The dispute arose from a significant discrepancy identified between the assessee’s GSTR-1 (Statement of Outward Supplies) and GSTR-3B (Monthly Summary Return). The Revenue noted that the liability reported in GSTR-3B was less than that in GSTR-1, leading… Read More »
No Anti-Profiteering Contravened in Post-GST Construction Projects 1. The Core Dispute: Alleged Profiteering on Post-GST Bookings An applicant (homebuyer) who booked a flat in 2019 in the residential project ‘Urban-67A’, Gurugram, alleged that the developer failed to pass on the benefit of Input Tax Credit (ITC). The buyer contended that under Section 171, the developer… Read More »
Permission for Manual GSTR-3B Filing to Correct Omitted ITC (FY 2020-21) 1. The Core Dispute: Omitted ITC & Lack of Rectification Mechanism The petitioner inadvertantly omitted claiming Input Tax Credit (ITC) for January and February 2021 in their original GSTR-3B for the quarter ending March 2021. Discovery of Error: The mistake was noticed during the… Read More »
Statutory Release of Seized Goods and Bank Accounts (FY 2021-22) 1. The Core Dispute: Failure to Meet Statutory Timelines In March 2022, tax authorities conducted a search and seizure operation, resulting in the seizure of gold, silver, and cash, followed by the provisional attachment of the petitioner’s bank accounts. The petitioner challenged the continued retention… Read More »
IMPORTANT INCOME TAX CASE LAWS 07.02.2026 Relevant Act Section Case Law Title Brief Summary Citation Informant Guidelines 2007 Scheme Gopal Dhanjibhai Bhimani v. ITD [Informant Rights] Reward entitlement is not a “discretionary gift.” Where an informant provided specific tax evasion data, the Revenue cannot withhold the Final Reward indefinitely. A reasoned decision must be passed… Read More »