Used Jute Gunny Bags Classifiable Under HSN 6305 Attracting 5 Percent or 18 Percent GST Based on Sale Value Issue What is the correct classification and applicable GST rate under Heading 6305 for the sale of used jute gunny bags (woven sacks without plastic coating) received during raw material procurement and sold as packing material?… Read More »
Laundry Soap Bars Classifiable Under HSN 34011942 and Attract 18 Percent GST Issue What is the correct classification and applicable GST rate for laundry/washing soap (in bar or cake form) used for cleaning clothes and household items under Heading 3401, as per Notification No. 09/2025-Central Tax (Rate)? Facts Applicant Business: The applicant is a GST-registered… Read More »
INCOME TAX CASE LAWS 21.08.2026 Section Case Law Title Brief Summary Citation Relevant Act Section 2(14) Munijhar v. Income-tax Officer Agricultural land situated beyond 8 km from municipal limits of Greater Noida is not a capital asset; profit on sale is exempt. Click Here Income-tax Act, 1961 Section 2(24) DCIT v. ACC Ltd. Excise-duty exemption… Read More »
No Adverse Action Permissible for Non-Deduction of TDS on Lease Rent Paid to GNOIDA Issue Whether an assessee can be subjected to adverse action under Section 201 for non-deduction of tax at source (TDS) under Section 194-I of the Income-tax Act, 1961 (Section 393 / Section 398 of the Income-tax Act, 2025) on annual lease… Read More »
Assessment Set Aside as Failure to Provide Mandatory Faceless Personal Hearing Violates Principles of Natural Justice Issue Whether an assessment order passed under Section 144B of the Income-tax Act, 1961 (Section 273 of the Income-tax Act, 2025) is legally sustainable when the Assessing Officer fails to grant a personal hearing through video conference despite an… Read More »
Cancellation of Registration Under Section 12AB Invalid as Educational Trust’s Turnkey Project Was Not Non-Genuine Activity Cancellation of Registration Under Section 12AB Invalid as Educational Trust’s Turnkey Project Was Not Non-Genuine Activity Issue Whether the cancellation of registration under Section 12AB of the Income-tax Act, 1961 (Section 332 of the Income-tax Act, 2025) is legally… Read More »
Alleged On-Money Requires Specific Ownership Proof, While WhatsApp Evidence Validates Reduced Section 69A Addition Issue Issue 1 (Section 69 / Section 103): Whether alleged “on-money” recorded in seized electronic files for property purchases can be added as unexplained investment under Section 69 in the hands of an individual whose trade name was listed as a… Read More »
Assessment Remanded to Re-examine Capital Gains Documents Pertaining to Sold Immovable Properties Assessment Remanded to Re-examine Capital Gains Documents Pertaining to Sold Immovable Properties Issue Whether an assessment addition under Section 69 of the Income-tax Act, 1961 (Section 103 of the Income-tax Act, 2025) for unexplained investment/undisclosed capital gains should be restored to the Assessing… Read More »
Tax Addition Under Section 68 Unjustified for Demonetised Cash Repayments and Related Interest Income Issue Whether cash repayments of existing loans received in Specified Bank Notes (SBNs) by a micro-finance NBFC, and the corresponding interest income already credited to the Profit & Loss account, can be treated as unexplained cash credits under Section 68 of… Read More »
Reopening under Section 148 is invalid when premised on change of opinion without new tangible material Reopening under Section 148 is invalid when premised on change of opinion without new tangible material Issue Whether an assessment reopening under Section 148 of the Income-tax Act, 1961 (Section 280 / Section 102 of the Income-tax Act, 2025)… Read More »