Form 60 Income Tax Rules 2026 pdf download and Key points Form 60 Income Tax Rules 2026 pdf download and Key points FORM NO. 60 [See rule 124(6)] Intimation on behalf of the international group for the purposes of section 511(5) Under the Income-tax Rules, 2026, Form No. 60 is the statutory “Intimation on behalf… Read More »
Important GST Case Laws 22.04.2026 Section Case Law Title / Authority Key Legal Verdict Citation Sec 11 (CGST) Narasus Saarathy Enterprises Brand Name Exemption: A farmer’s image on packaging is a “brand,” but exemption is allowed if the taxpayer files an affidavit specifically foregoing actionable rights to that brand. Click Here Sec 16(4) Om Sakthi… Read More »
A sale concluded via auction before July 1, 2017, remains taxable under the old regime (Sales Tax), even if payments continue post-GST. The Dispute: Old Tax vs. New GST The Conflict: The petitioner bought timber in e-auctions held in April and May 2017 (pre-GST). The contract allowed for staged payments extending past July 1, 2017… Read More »
Maintaining the same gross ticket price after a GST rate cut constitutes profiteering; base prices cannot be hiked to absorb the tax benefit. The Dispute: Static Prices vs. Commensurate Reduction The Conflict: Effective from January 1, 2019, the GST on cinema tickets was significantly reduced: Tickets > ₹100: Reduced from 28% to 18%. Tickets ≤… Read More »
The “Authorized Operations” requirement for SEZ refunds is not retrospective and applies only from October 1, 2023. The Dispute: Retrospective vs. Prospective Law The Conflict: The petitioner, a unit in a Special Economic Zone (SEZ), claimed a refund of GST paid on services received between March 2020 and June 2023. The Tax Department rejected/challenged the… Read More »
Form 59 Income Tax Rules 2026 pdf download and Key points Form 59 Income Tax Rules 2026 pdf download and Key points FORM NO. 59 [See rule 124(3)] COUNTRY-BY-COUNTRY REPORT Report by a parent entity or an alternate reporting entity or any other constituent entity, resident in India, for the purposes of section 511(2) or… Read More »
Section 16(5) Retrospectively Cures Belated ITC Claims for FY 2017-18 to 2020-21. The Dispute: The “Dead” Credit revived by Law The Conflict: For the period April 2018 to March 2019, the Petitioner had claimed ITC after the deadline prescribed under Section 16(4). The Department issued a Show-Cause Notice (SCN) and passed an order demanding the… Read More »
Statutory disclosures (FSSAI/Metrology) and disclaimed generic graphics do not constitute a “brand” for GST. I. The “Branding” Dispute: Identity vs. Compliance The Conflict: The petitioner sold unbranded maida and sooji. The bags displayed a generic picture of farmers and the company’s full corporate name. The Department alleged this was “branded” because it looked like the… Read More »
Form 58 Income Tax Rules 2026 pdf download and Key points Form 58 Income Tax Rules 2026 pdf download and Key points FORM NO. 58 [See rule 124(2)] Intimation by a constituent entity, resident in India, of an international group, the parent entity of which is not resident in India, for the purposes of section… Read More »
Important Income Tax Case Laws 22.04.2026 Section Case Law Title Key Ruling Summary Citation Sec 22 Sambhau Tirth CHS Hoarding Income: Charges received by a housing society for advertisements on its walls are “Income from House Property,” allowing for a 30% deduction under Sec 24(a). Click Here Sec 115BAA Vinmar India (P.) Ltd. Form 10-IC… Read More »