IMPORTANT INCOME TAX CASE LAWS 10.11.2025 Section Case Law Title Brief Summary Citation Relevant Act Sec 4 Maharashtra State Road Development Corporation Ltd. v. ITO Grants/contributions received from State Government by an infrastructure company for BOT road projects are a capital contribution towards project cost, not income. Click Here Income-tax Act, 1961 Sec 10(10AA) Sunil… Read More »
IMPORTANT GST CASE LAWS 10.11.2025 Section Case Law Title Brief Summary Citation Relevant Act Sec 18 Flytxt Mobile Solutions (P.) Ltd., In re On a company merger, the closing balance of CGST and IGST in the electronic credit ledger of the transferor company can be transferred to the resulting company, even if the two GSTINs… Read More »
Assessment Quashed as Blank Notice on Portal Violates Section 142(1) Issuance and Service Rules. Issue Whether an assessment order is legally valid if the preceding statutory notice under Section 142(1) is a blank form uploaded to the tax portal—lacking “From,” “To,” “Date,” and “Subject” details—and is not validly served on the assessee. Facts The assessee… Read More »
IMPORTANT INCOME TAX CASE LAWS 09.11.2025 Type Section/Rule Case Law Title / Notification Brief Summary Citation / No. Relevant Act Notification Section 92C(2), third proviso (read with Rule 10CA(7)) CBDT Notification No. 157/2025 Notifies the tolerance range for Arm’s Length Price (ALP) determination for Assessment Year 2025-26 as 1% for wholesale trading and 3% for… Read More »
IMPORTANT GST CASE LAWS 09.11.2025 Section Case Law Title Brief Summary Citation Relevant Act Section 2 (IGST Act, 2017) Maryland Study Abroad (P.) Ltd., In re Education consultancy’s services (identifying, guiding, and referring students to foreign universities for a commission) were ruled to be “intermediary services,” irrespective of the claimed non-agency status, as they facilitated… Read More »
Delhi HC Grants Ebix Interim Relief, Calls Attachment of 11 Bank Accounts “Grossly Disproportionate.” Issue Whether the provisional attachment of 11 bank accounts of a company (Ebix Technologies) was a legally valid and proportionate measure, especially when the alleged fraudulent Input Tax Credit (ITC) was only ₹3.1 crore and the company itself was not the… Read More »
AAAR Denies ITC on IGST Paid via TR-6 Challan for Imports Issue: Whether a TR-6 challan, used to deposit differential Integrated Goods and Services Tax (IGST) and Customs Duty after a price adjustment (often due to an SVB order), is a prescribed document under GST law for claiming Input Tax Credit (ITC) under Section… Read More »
CBDT Empowers CPC for Faster Refunds and ITR Corrections Issue: To streamline the process of rectifying common arithmetical or accounting errors arising from the automated processing of Income Tax Returns (ITR) and to expedite the subsequent issuance or correction of tax refunds. Facts: Rectification of errors in automated assessments often required manual intervention by… Read More »
Oxford Economics: Structural Reforms Needed for Sustained Long-Term Growth Issue: To provide a cautionary analysis that, despite the immediate positive boost to consumption from the GST rate rationalization, structural economic issues will prevent a sustained rise in India’s long-term growth prospects unless deeper, non-tax reforms are implemented. Facts: The government hailed the GST rate… Read More »
ITC Allowed on Power Infrastructure Outside Factory as it is Movable Plant & Machinery. Issue Whether Input Tax Credit (ITC) is available on capital goods (like wires, cables, switchyards) and related services (installation) used to create power transmission infrastructure, especially when this infrastructure is installed outside the factory premises to draw electricity from a DISCOM… Read More »