IMPORTANT INCOME TAX CASE LAWS 28.10.25 Section Case Law Title Brief Summary Citation Relevant Act Section 9 of the Income-tax Act, 1961 Huawei International Pte. Ltd. v. ACIT, International Taxation Where a Singapore-based ICT company sold telecom equipment and software offshore to Indian customers without a Permanent Establishment (PE) in India, the reopening of assessment… Read More »
Unawareness of TDS is a Valid Reason to Condone ITR Filing Delay. Issue Can an application for condonation of delay in filing an income tax return be rejected when the taxpayer was genuinely unaware of the Tax Deducted at Source (TDS) on an award for land acquisition, especially when the tax authority decides the application… Read More »
HC Remands 80P Claim, Directs Condonation of ITR Filing Delay Due to Glitches. Issue Whether a delay in filing an income tax return, caused by verifiable technical glitches on the official tax portal, constitutes a valid reason for condonation under Section 119(2)(b), thereby allowing a co-operative society to claim its statutory deduction under Section 80P.… Read More »
80G Registration Timelines are Directory; Delayed Application Valid Under New Law. Issue Are the time limits for filing an application for final registration under Section 80G(5) of the Income-tax Act mandatory, or are they directory in nature? Can an application filed after the prescribed due date be accepted and adjudicated on its merits, especially in… Read More »
Subsequent Legal Amendment Revives a Time-Barred 80G Approval Application. Issue Can an application for final approval under Section 80G(5), rejected by the tax authority for being filed after a deadline set by a CBDT circular, be considered valid and maintainable in light of a subsequent amendment to the Income-tax Act that removes such strict filing… Read More »
GST Reforms Spark Inclusive Growth in Chhattisgarh: From Cement to Handloom The article outlines how the recent Goods and Services Tax (GST) rate rationalization, primarily through cuts from 18% or 12% down to 5% or 18%, is set to boost Chhattisgarh’s economy by lowering industrial costs, enhancing affordability, and empowering local handloom and agricultural clusters.… Read More »
FAQs based on Auditor’s Opinion on financial statements Q1. Is Auditor’s Opinion on financial statements a compulsory field? Ans. Yes, Auditor’s Opinion on financial statements is a compulsory field for two categories only – ‘GST & Tax Audit’ and ‘Audit & Assurance Functions’. Q2. What details need to be entered in Auditor’s Opinion on… Read More »
An addition for cash deposits is invalid when the assessee provides a complete documentary trail explaining the source, which the revenue fails to rebut. Issue Can an addition be sustained under Section 69A for cash deposits when the assessee provides substantial documentary evidence to prove that the funds were temporarily deposited by a third party… Read More »
Declaration of Foreign Assets and Income. Any resident of India who has foreign income or assets must disclose them, even if their total income is below the taxable limit. Who is a Resident Indian? Individuals: An individual is considered a resident if they have stayed in India for 182 days or more in a previous… Read More »
A Taxpayer’s Guide to Claiming Exemptions and Deductions. Key Tax Regimes There are two tax regimes available to taxpayers: the old tax regime and the new tax regime. The new tax regime is the default for all assessees from FY 2023-24 onwards. 2However, individuals and HUFs can still opt for the old tax regime. New… Read More »