MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 22nd September, 2025 S.O. 4252(E) .- In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies for the purposes of the said clause, ‘High Court… Read More »
Government of India and ADB sign $125 million loan to upgrade urban services in Assam Ministry of Finance Government of India and ADB sign $125 million loan to upgrade urban services in Assam Project will benefit 360,000 residents of Assam by delivering continuous metered water supply and upgrading stormwater management systems Project will enhance urban… Read More »
Circular No. 13/2025 It is noticed that in certain cases, the returns had already been processed and rebate F. No. 275/09/2025-IT(Budget) Government of India/(भारत सरकार) Ministry of Finance/ (वित्त मत्रांलय) Department of Revenue/(राजस्व विभाग) Central Board of Direct Taxes/(केन्द्रीय प्रत्यक्ष कर बोर्ड) New Delhi, 19″September, 2025 Subject: Order under section 119 of the Income-tax Act,… Read More »
CIRCULAR NO. 251/08/2025-GST [F. NO CBIC-20001/3/2025-GS-GST… TREATMENT OF SECONDARY OR POST-SALE DISCOUNTS UNDER GST CIRCULAR NO. 251/08/2025-GST [F. NO CBIC-20001/3/2025-GS-GST], DATED 12-9-2025 Representations have been received seeking clarifications in respect of tax treatment in cases of secondary discounts or post-sale discount 2. The matter has been examined. In order to ensure uniformity in the implementation of… Read More »
Title: An order cannot be revised under Section 263 if the Assessing Officer conducted an inquiry. Issue Can a Principal Commissioner revise an assessment order under Section 263 on the grounds of “lack of inquiry” when the Assessing Officer (AO) has, in fact, conducted an inquiry, taken a view, and deleted an addition based on… Read More »
Important Income Tax Case Law 19.09.2025 SECTION CASE LAW TITLE Brief Summary Citation Relevant Act 10(37) Sanjay Kumar Baid v. Income-tax Officer Compensation received for compulsory acquisition of agricultural land by the NHAI is exempt from income tax, as the exemption under the RFCTLARR Act, 2013 also applies to acquisitions under the National Highways… Read More »
Important GST Case Laws 19.09.2025 SECTION CASE LAW / NOTIFICATION TITLE Brief Summary Citation / Reference Relevant Act GST Rate Changes FAQs-3 on the decisions of the 56th GST Council Meeting The CBIC has issued FAQs detailing revised GST rates and exemptions for various goods and services, including handicrafts and petroleum imports, as decided in… Read More »
Recommendations of the 56th Meeting of the GST Council held at New Delhi, Posted On: 03 SEP 2025 10:39PM by PIB Delhi Next-generation GST reforms, as announced by Prime Minister Shri Narendra Modi from the ramparts of Red Fort on 15th August 2025, represent a strategic, principled, and citizen-centric evolution of a landmark tax framework,… Read More »
IMPORTANT INCOME TAX CASE LAWS 10.06.2025 Section Case Law Title Brief Summary Citation Relevant Act 11 ACIT (Exemptions) v. K.C. Social Welfare Trust Matter remanded for fresh adjudication; AO erred in denying full exemption and CIT (Appeals) in not analytically examining notional interest on interest-free loans. Click Here Income-tax Act, 1961 45, 45(5)(b), 271(1)(c) Percival… Read More »
Assessment Order Valid: Assessee’s Partial Participation and Knowledge of Proceedings Attract Section 292BB, Precluding Service Objections Issue: Whether an assessment order passed under Section 143(3) of the Income-tax Act, 1961, is valid, despite the assessee claiming that the Section 142(1) notice was sent to an incorrect email ID, when the assessee had partially replied to… Read More »