Validity of Disciplinary Proceedings and the Impact of Rule 14(24) Deadlines Facts The Petitioner: A direct recruit Appraiser (1993) who rose to the rank of Additional Commissioner. During the relevant period, he was on deputation at SEEPZ SEZ, Mumbai. The Charge Memorandum: A major penalty charge sheet was issued alleging irregularities in tenders, work allocation,… Read More »
Bar on Remanding Cases by the First Appellate Authority (Section 107) Facts The Petitioner: A GST-registered law firm providing legal services to both domestic and foreign clients, receiving payments in convertible foreign exchange. The Claim: The firm filed for refunds of Input Tax Credit (ITC) related to the export of services made without payment of… Read More »
NEW FORM FOR TAX AUDIT in INCOME TAX RULES 2026 & INCOME TAX ACT 2025 Under the new Income-tax Act, 2025 and Income Tax Rules, 2026, the tax audit report will be filed using the newly introduced Form No. 26, which is governed by Section 63 of the new Act. Here are the key points… Read More »
Quashing of Unauthorized Cash Seizure and Lack of Statutory Notice (Section 67) Facts The Search: Tax authorities conducted search and seizure operations at the petitioner’s premises (including their residence) and the premises of another individual, ‘H’, located in the same building. The Seizure: During the search, respondents seized various items, including Rs. 1 crore in… Read More »
GST Classification of Battery Energy Storage Systems (BESS) as Support Services vs. Sale of Electricity Facts The Applicant: A developer and operator of Battery Energy Storage Systems (BESS). The systems are used to draw electricity from the grid, store it in chemical form, and discharge it back into the grid on demand. The Agreement (BESPA):… Read More »
Classification of Medical Disposables: Plastic Articles vs. Medical Accessories (GST) Facts The Applicant: A CDSCO-licensed and ISO 13485 certified manufacturer of medical disposables. The Products: A range of non-latex, polymer-based medical items including sterile/non-sterile EVA gloves, sterile aprons, OT shoe covers, drape sheets, procedure drapes, and various probe/cable covers (Endocavity, Ultrasound, Laparoscopy camera, and Intraoperative… Read More »
Form 121 Income Tax pdf download New Income Tax Rules 2026 Key features of Form 121 Income Tax pdf download Form 121 Income Tax pdf download New Income Tax Rules 2026 Key features of Form 121 Income Tax pdf download FORM NO. 121 [See rule 211] Declaration under section 393(6) for receipt of certain incomes… Read More »
IMPORTANT INCOME TAX CASE LAWS 23.03.2026 Relevant Act Section Case Law Title / Authority Brief Summary Citation Income Tax Act Sec 2(15) Micro Finance Industry Network v. CIT(E) A self-regulatory organization for NBFCs providing financial literacy and grievance redressal cannot be denied charitable status as “General Public Utility” without proof of commercial trade or business.… Read More »
Taxability of Consultancy Fees and Foreign Investments of Non-Resident Individuals (India-UAE DTAA) Facts The Assessee: A non-resident individual and UAE resident who served as a Director and 100% shareholder in foreign companies, DAR and TIL. The Search & Reopening: Following a search operation, an email from a client (GFH) suggested that substantial payments were made… Read More »
Eligibility of Self-Regulatory Organizations (SROs) as Charitable Entities under “General Public Utility” (Section 2(15)) Facts The Assessee: A society recognized by the RBI as a Self-Regulatory Organization (SRO) for NBFC-MFIs (Microfinance Institutions). Charitable Claim: The society sought registration under Section 12AB, asserting its objects were for “General Public Utility” (GPU). It highlighted activities such as… Read More »