ICAI Empowers Taxpayers: Technical Guide for GSTR-9 (December 2025 Edition) Revised Technical Guide Issued by ICAI The Institute of Chartered Accountants of India (ICAI), via its GST & Indirect Taxes Committee, has released the December 2025 Edition of the “Technical Guide on GST Annual Return (Form GSTR-9)”. The guide incorporates all amendments up to December… Read More »
Notification u/s 10(46A) of the Income Tax Act, 1961 in the case of Tamil Nadu Pollution Control Board MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 4th December, 2025 S.O. 5599(E).— In exercise of the powers conferred by sub-clause (b) of clause (46A) of section 10 of the… Read More »
Notification u/s 10(46A) of the Income Tax Act, 1961 in the case of Ajmer Development Authority MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 4th December, 2025 S.O. 5600(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(46A) of the Income Tax Act, 1961 in the case of Tamil Nadu Pollution Control Board MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 4th December, 2025 S.O. 5601(E).— In exercise of the powers conferred by sub-clause (b) of clause (46A) of section 10 of the… Read More »
Blocking of electronic credit ledger under Rule 86A cannot exceed available balance at order time Issue Whether the Commissioner or an authorized officer has the power under Rule 86A of the CGST/SGST Rules to block the Electronic Credit Ledger (ECL) by an amount exceeding the actual Input Tax Credit (ITC) available in the ledger… Read More »
IMPORTANT INCOME TAX CASE LAWS 04.12.2025 Section Case Law Title / Notification Brief Summary Citation Relevant Act Section 80G) Income Tax NOTIFICATION NO. 166 / 2025, DATED 02-12-2025 CBDT notified ‘Shree Balakrishna Lalji & other deities temple’, Bhuleshwar, Mumbai, as a place of historic importance and public worship of renown for the purpose of Section… Read More »
Unsecured loan addition deleted as source of funds explanation not required for AY 2014-15 Issue Whether the addition made under Section 68 of the Income-tax Act, 1961, on account of bogus unsecured loans and interest disallowance is sustainable when the assessee has established the identity, creditworthiness, and genuineness of the transaction, and whether the requirement… Read More »
Section 80P deduction allowed on late return for AY 2017-18; cash deposits verification remanded Issue Unexplained Cash Credits: Whether the Commissioner (Appeals) erred in confirming additions under Section 68 for cash deposits made during demonetization without considering the documentary evidence (KYC, member lists) submitted by the co-operative society. Section 80P Deduction: Whether the deduction under… Read More »
I. Loss from Section 10A units can be set off against other income Issue Whether the loss incurred by eligible units claiming deduction under Section 10A can be set off against the income of other units or other heads of income of the taxpayer. Decision Held: Yes. Reasoning: The provision under Section 10A is a… Read More »
CBIC Expedites Pre-GST Litigation in Bengaluru Zone Order Issued: The Central Board of Indirect Taxes and Customs (CBIC) has issued Order No. 06/2025 on November 28, 2025, to assign specific appellate cases filed on or after July 1, 2017, under the Central Excise Act, 1944, and Finance Act, 1994, to designated Central Excise Officers. Purpose:… Read More »