Case Summary: Retrospective Disallowance of Belated PF/ESI Contributions The Issue Whether the Supreme Court’s ruling in Checkmate Services Pvt. Ltd. (2022) can be applied retrospectively to justify disallowances made under Section 143(1)(a) for Assessment Years 2018-19 and 2019-20, even though the issue was considered “debatable” at the time the returns were processed. The Facts The… Read More »
IMPORTANT GST CASE LAWS 23.01.2026 Relevant Act Section Case Law Title Brief Summary Citation CGST Act, 2017 Section 6(2)(b) Sharadapura Krishna Chandra v. Supt. of Central Tax [Dual Proceedings Barred] Where Central GST authorities have already initiated proceedings, subsequent parallel proceedings by State GST authorities for the same matter are not maintainable and are barred… Read More »
IMPORTANT GST CASE LAWS 20.01.2026 Relevant Act Section Case Law Title Brief Summary Citation CGST Act, 2017 Section 16 (ITC Blocking) RDTMT Steels (India) (P.) Ltd. v. Asst. Comm. of Commercial Tax [Borrowed Satisfaction Invalid] Blocking the Electronic Credit Ledger (ECL) solely based on a report from the Enforcement Authority without any independent analysis by… Read More »
PFRDA Announces Expert Committee to Develop Framework for Assured Payouts under National Pension System (NPS) Posted On: 13 JAN 2026 1:40PM by PIB Delhi The Pension Fund Regulatory and Development Authority (PFRDA) has constituted a high-level committee tasked with formulating guidelines and regulations to enable a framework for assured payouts under the National Pension System… Read More »
PFRDA issues NPS Vatsalya Scheme Guidelines 2025 to strengthen long-term financial security for Minors Guidelines lay down eligibility, contribution, withdrawal and transition provisions to facilitate early pension savings for children Posted On: 13 JAN 2026 6:53PM by PIB Delhi The Pension Fund Regulatory and Development Authority (PFRDA) has issued the NPS Vatsalya Scheme Guidelines 2025,… Read More »
ITAT Chandigarh Allows Section 87A Rebate on Long-Term Capital Gains from Debt Mutual Funds The Income Tax Appellate Tribunal (ITAT), Chandigarh, in a significant ruling on December 10, 2025, allowed a taxpayer to claim a rebate under Section 87A of the Income-tax Act, 1961, on Long-Term Capital Gains (LTCG) arising from debt mutual funds… Read More »
Karnataka HC Quashes ECL Blocking Without Hearing & Reasons S. A. Enterprises v. The Assistant Commissioner of Central Tax Karnataka High Court October 17, 2025 27868 of 2025 Core Issue The central issue was whether GST authorities can block a taxpayer’s Electronic Credit Ledger (ECL) under Rule 86A of the CGST Rules via a simple… Read More »
Notification under section 10(46A) of the Income Tax Act, 1961 in the case of Kota Development Authority MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 7th January, 2026 S.O. 101(E).—In exercise of the powers conferred by sub-clause (b) of clause (46A) of section 10 of the Income-tax Act,… Read More »
Notification under section 10(46A) of the Income Tax Act, 1961 in the case of Kota Development Authority MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 7th January, 2026 S.O. 100(E).—In exercise of the powers conferred by sub-clause (b) of clause (46A) of section 10 of the Income-tax Act,… Read More »
Notification u/s 10(23EE) of the Income Tax Act, 1961 in the case of Core Settlement Guarantee Fund MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 8th January, 2026 S.O. 115(E).— In exercise of the powers conferred by clause (23EE) of section 10 of the Income-tax Act, 1961 (43… Read More »