Appointment of Authority under Delhi GST Act FINANCE (EXPENDITURE-I) DEPARTMENT NOTIFICATION Delhi, the 1st December, 2025 No. 19/2024-State Tax F.No. 3(34)/Fin.(Exp-I)/2025-26/DS-I/1152.— In exercise of the powers conferred by proviso to sub-section (2) of section 171 of the Delhi Goods and Services Tax Act, 2017 (03 of 2017), the Lieutenant Governor of National Capital Territory of… Read More »
Notification No 21 Finance Deptt FINANCE (EXPENDITURE-I) DEPARTMENT NOTIFICATION Delhi, the 1st December, 2025 No. 21/2024-State Tax F.No. 3(35)/Fin.(Exp-I)/2025-26/DS-I/1153.— In exercise of the powers conferred by sub-section (1) of section 128A of the Delhi Goods and Services Tax Act, 2017 (03 of 2017) (the said Act), the Lieutenant Governor of National Capital Territory of Delhi,… Read More »
Misleading court with fake video of business premises invites writ dismissal with heavy costs Issue Whether a writ petition seeking cancellation of GST registration is maintainable when the petitioner attempts to mislead the Court by fabricating evidence (video of a sign board) to cover up the non-existence of business at the registered premises and evade… Read More »
Penalty deleted as inadvertent non-disallowance of statutory liabilities in return constitutes bona fide mistake Issue Whether the imposition of penalty under Section 271(1)(c) for concealment of income is justified when the assessee inadvertently failed to disallow statutory liabilities (gratuity, leave encashment) in the return of income, despite the details being available in the tax audit… Read More »
Leasehold rights outside Section 50C ambit; Allotment date valid for Section 54G exemption Issue Section 50C Applicability: Whether the provisions of Section 50C (adopting stamp duty value) apply to the transfer of leasehold rights in land, as opposed to the land itself. Section 54G Timelines: Whether the date of allotment of a new industrial plot… Read More »
Cash deposits matching books of account cannot be taxed as unexplained money despite demonetization spike Issue Whether the Assessing Officer was justified in making an addition under Section 69A of the Income-tax Act, 1961, treating cash deposits made during the demonetization period as unexplained money, despite the assessee maintaining books of account reflecting corresponding cash… Read More »
RBI Mandates Uniform Savings Interest: Clarity for Small Account Holders Standardized Interest Rate for Small Deposits The Reserve Bank of India (RBI) has directed all commercial banks to apply a uniform interest rate on savings account deposits up to ₹1 lakh. This new rule eliminates the interest rate difference among banks for small depositors, resolving… Read More »
Notification u/s 80G(2)(b) of the Income Tax Act, 1961 in the case of Shree Balakrishna Lalji and other deities temple Bhuleshwar, Mumbai managed by Mota Mandir Trust, Mumbai, Maharashtra MINSTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES ) NOTIFICATION New Delhi, the 2nd December, 2025 (INCOME –TAX) S.O. 5551(E).— In the exercise… Read More »
Section 74 SCN quashed for lacking specific allegations of fraud or suppression of facts Issue Whether a Show Cause Notice (SCN) issued under Section 74 of the GST Act is legally valid if it fails to specifically allege the mandatory ingredients of fraud, willful misstatement, or suppression of facts with an intent to evade tax.… Read More »
Section 74 SCN quashed for lacking specific allegations of fraud or suppression of facts Issue Whether a Show Cause Notice (SCN) issued under Section 74 of the GST Act is legally valid if it fails to specifically allege the mandatory ingredients of fraud, willful misstatement, or suppression of facts with an intent to evade… Read More »