Bank of Maharashtra Small Saving Schemes Bank of Maharashtra Small Saving Schemes Form Download The forms mentioned in the provided document correspond to three major government-backed Small Saving Schemes offered by the Bank of Maharashtra (p. 1): Public Provident Fund (PPF), Senior Citizen Savings Scheme (SCSS), and Sukanya Samriddhi Account (SSA) (p. 2). [1, 2,… Read More »
GST CASE LAW DIGST 09.6.2026 GST CASE LAW DIGST Relevant Act Section / Rule Case Law Title Citation Brief Summary Central Goods and Services Tax Act, 2017 Rule 86A, Rule 86A(3) Elitecon International Ltd. vs. Union of India Click Here The High Court held that continuing to block Input Tax Credit (ITC) in the electronic… Read More »
Online Coaching via App Involving Human Intervention and Centralized Infrastructure Attracts Intra-State CGST and SGST Issue Classification of Service: Whether online live coaching, pre-recorded video courses, and app-based doubt-solving services provided by a coaching institute qualify as “Online Information and Database Access or Retrieval” (OIDAR) services or must be classified as “Commercial Training and Coaching… Read More »
Input Tax Credit Blocked Beyond One Year Under Rule 86A Automatically Unblocks and Cannot Be Sustained Issue Automatic Unblocking of ITC: Whether the restriction/blocking of an Input Tax Credit (ITC) in the Electronic Credit Ledger (ECL) under Rule 86A can legally continue beyond the statutory period of one year from the date of imposition. Validity… Read More »
INCOME TAX CASE LAW DIGEST 09.6.2026 INCOME TAX CASE LAW DIGEST 09.6.2026 Relevant Act Section Case Law Title Citation Brief Summary Income Tax Act, 1961 Section 153A, Section 45(5), Section 131 Assistant Commissioner of Income-tax vs. Lakkanna Durgappa Click Here Additions made on account of capital gains under Section 153A were deleted for a concluded… Read More »
Spouse’s Trading Losses Funded by Gifted Money Must Be Clubbed and Allowed for Set-Off Issue Whether trading losses incurred by an assessee’s spouse in derivative transactions, funded entirely by a monetary gift from the assessee, must be clubbed with the assessee’s income and allowed for set-off under Section 64(1)(iv) read with Explanation 3(i). Facts Assessee’s… Read More »
Writ Petition Against Jurisdictional Assessing Officer’s Reassessment Disallowed but Remanded to Pending CIT(A) Appeal Issue Validity of Notice: Whether the Jurisdictional Assessing Officer (JAO) has the legal authority to initiate reassessment proceedings by issuing a notice under Section 148, and whether subsequent orders can be passed outside the mandatory faceless assessment regime. Maintainability of Writ:… Read More »
Writ Petition Against Jurisdictional Assessing Officer’s Reassessment Disallowed but Remanded to Pending CIT(A) Appeal Issue Validity of Notice: Whether the Jurisdictional Assessing Officer (JAO) has the legal authority to initiate reassessment proceedings by issuing a notice under Section 148, and whether subsequent orders can be passed outside the mandatory faceless assessment regime. Maintainability of Writ:… Read More »
Bogus Purchase Disallowances Must Be Restricted to Gross Profit Ratio If Books of Account Are Accepted Issue Whether the Assessing Officer (AO) can disallow the entire amount of alleged bogus purchases when the overall books of account, sales figures, closing stock, and quantitative details have been accepted without invoking Section 145(3) to reject the accounts.… Read More »
Faceless Reassessment Disguised as Best Judgment Under Section 144 Can Be Remitted by CIT(A) for Fresh Determination Issue Whether the Commissioner of Income-tax (Appeals) [CIT(A)] has the legal power to set aside a faceless reassessment order and remit the matter back to the Assessing Officer (AO) for fresh adjudication, if the order—though labeled as a… Read More »