Bombay High Court Quashes Demand; Non-Supply of Verification Reports Violates Principles of Natural Justice Facts of the Case The Claim: The Petitioner, a GST-registered chemical manufacturer, claimed transitional Input Tax Credit (ITC) from the pre-GST regime using TRAN-1 and TRAN-2 forms. The Audit: The Department conducted an audit of these transitional claims and issued a… Read More »
Medical Grounds Trumps Detention: Jharkhand High Court Grants Bail in ₹35 Crore GST Evasion Case. Case Overview: Arrest and Allegations The Investigation: The Directorate General of GST Intelligence (DGGI), Jamshedpur, conducted searches under Section 67(2) of the CGST Act at multiple premises related to the firm. Evidence Recovered: Authorities seized physical and digital records allegedly… Read More »
Supreme Court Rejects Writ Against GST SCN; Detailed Replies Prove Notice Sufficiency and Understanding. Facts of the Case The Action: The GST Department issued an SCN in Form GST REG-17 proposing the cancellation of the petitioner’s registration due to the availment of ineligible Input Tax Credit (ITC). The Content: The SCN included an annexure from… Read More »
Issuance of a Consignment Note and assumption of delivery responsibility defines a GTA. The Facts: The applicant transports goods ordered via E-commerce Operator (ECO) portals. They take custody of goods at the “Source Mother Hub,” maintain transit insurance, and bear liability until the final delivery address. Crucially, the applicant issues a single Consignment Note for… Read More »
Section 462 Income Tax Act 2025 Penalty for failure to furnish information or furnishing inaccurate information under section 397(3)(d). 462. If any person, who is required to furnish information under section 397(3)(d), fails to furnish such information, or furnishes inaccurate information, the Assessing Officer may impose a penalty of ₹ 100000 on such person.
IMPORTANT INCOME TAX CASE LAWS 30.03.2026 Relevant Act Section Case Law Title / Authority Brief Summary Citation Income Tax Act Sec 2(14) ACIT v. Ahmed Mahomed Pandor Land that is agricultural at the time of sale (beyond municipal limits) is not a Capital Asset. Subsequent industrial conversion by the buyer does not change this status.… Read More »
IMPORTANT GST CASE LAWS 30.03.2026 Relevant Act Section Case Law Title / Authority Brief Summary Citation CGST Act, 2017 Section 17 Niket Bipinbhai Patel v. Assistant Commissioner Blocked Credit: ITC cannot be blocked under Sec 17(5)(d) if the taxpayer only transferred leasehold rights and performed no construction activity. Click Here CGST Act, 2017 Section 54… Read More »
IMPORTANT INCOME TAX CASE LAWS 28.03.2026 Relevant Act Section Case Law Title / Authority Brief Summary Citation Finance Bill N/A Finance Bill 2026 The Lok Sabha officially passed the Finance Bill 2026 on March 25, 2026. [2026] 25-03-2026 Income Tax Act Sec 119 CBDT Circular No. 2/2026 Due to technical glitches on the e-filing portal,… Read More »
IMPORTANT GST CASE LAWS 28.03.2026 Relevant Act Section Case Law Title / Authority Brief Summary Citation CGST Act, 2017 Section 7 & 11 Flipkart India (P.) Ltd., In re ECO as GTA: Flipkart’s logistics wing qualifies as a Goods Transport Agency (GTA) as it issues consignment notes and takes transit liability. Services to unregistered end-customers… Read More »
Section 55 Income Tax Act 2025 Insurance business. 88 55. 89 Irrespective of anything to the contrary contained in the provisions of this Act for computing income under the head “Income from house property”, “Capital gains” or “Income from other sources”, or in section 390(5) and (6), or in sections 26 to 54, the profits and gains of any business of insurance90, including… Read More »