IMPORTANT INCOME TAX CASE LAWS 06.12.2025 Section Case Law Title Brief Summary Citation Relevant Act Section 2(14) Khemraj Patidar v. Income-tax Officer Land sold, being irrigated, cultivated, and situated beyond municipal limits, deserved exclusion from the definition of Capital Asset in terms of Section 2(14)(iii). Addition under Section 50C was liable to be deleted. Click… Read More »
Rectification of GSTR-1 allowed to correct wrong GSTIN (State swap); Manual filing permitted if portal closed Issue Whether a registered taxpayer can be allowed to rectify their GSTR-1 returns for a past period (June 2022 to September 2022) to correct an inadvertent error where the wrong GSTIN (Kerala branch instead of Tamil Nadu branch) of… Read More »
Pre-deposit of 10% via Electronic Credit Ledger (ITC) is valid; Appeal restoration ordered Issue Whether the mandatory pre-deposit of 10% required for filing an appeal under Section 107 of the GST Act can be validly paid by debiting the Electronic Credit Ledger (ITC), or if it must be paid only in cash. Facts The Appeal:… Read More »
Authorising the Securities and Exchange Board of India as the authorised agency MINISTRY OF FINANCE (Department of Economic Affairs) NOTIFICATION New Delhi, the 8th December, 2025 S.O. 5684(E).— In pursuance of clause (b) of sub-section (3) of section 79 of the Information Technology Act, 2000 (21 of 2000) read with clause (d) of sub-rule (1)… Read More »
The Banking Laws (Amendment) Act 2025 MINISTRY OF FINANCE (Department of Financial Services) NOTIFICATION New Delhi, the 8th December, 2025 S.O. 5659(E).— In exercise of the powers conferred by sub-section (2) of section 1 of the Banking Laws (Amendment) Act, 2025 (16 of 2025), the Central Government hereby appoints the 15th day of December, 2025… Read More »
IMPORTANT GST CASE LAWS 08.12.2025 Section/Form/Rule Case Law Title / Subject Brief Summary Citation / Authority Relevant Act GSTR-3B Table 3.2 Auto-population and non-editability Auto-populated values in Table 3.2 of GSTR-3B (inter-State supplies to unregistered persons, composition taxpayers, and UIN holders) will be non-editable from the November 2025 tax period. Corrections must be made through… Read More »
JAO lacks jurisdiction to issue Section 148 notice; Faceless Assessment Scheme mandatory Issue Whether a notice under Section 148 issued by the local Jurisdictional Assessing Officer (JAO) is valid, or if it must be issued under the Faceless Assessment Scheme as envisaged under Section 144B and 151A. Facts The Action: The Jurisdictional Assessing Officer… Read More »
Haryana Curbs Arbitrary GST Audits with New Strict Protocols Mandatory Justification and EvidenceAny proposal to initiate a suo-moto audit or scrutiny must now be supported by clear, specific, and duly justified reasons. Officials are required to provide an estimated quantum of tax evasion based on verifiable sources such as departmental records, intelligence inputs, or data… Read More »
Gemini 3.0: 15 Examples of Next-Gen Multimodal AI Advanced Learning and Visualization Scientific Breakdowns: Can take dense research papers and create 3D interactive visuals to explain complex topics like scientific research. Personalized Coaching: Analyzes video and audio of presentation practice to offer constructive, actionable advice. Interactive Concepts: Uses generative UI in Search to create custom… Read More »
Strengthening GST Compliance: ICAI’s New Technical Guide on GSTR-9C Revised Guide for Enhanced Accuracy The Institute of Chartered Accountants of India (ICAI), through its GST & Indirect Taxes Committee, has released the December 2025 edition of the Technical Guide on GST Reconciliation Statement (Form GSTR-9C). This updated edition is designed to facilitate accurate, transparent, and… Read More »