11 Important Income Tax case Law 22.02.2025 Section Case Law Title Brief Summary Citation 26 Nam Group Aslali v. AO, CPC Income from co-owned property should be taxed in the hands of individual co-owners based on their respective shares. Even if one member of the AOP is taxable at a rate higher than MMR, the… Read More »
8 IMPORTANT GST CASE LAWS 21.02.2025 Section Case Law Title Brief Summary Citation 9 Heritage Foods Ltd. v. Additional Commissioner and Others Flavoured milk is classified under Tariff Heading No. 0402 9990 and attracts 5% GST Click Here 16 Tvl. Arumugasamy Alloy Metal Suppliers v. Deputy State Tax Officer-2 Assessment order reversing input tax credit… Read More »
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12 IMPORTANT INCOME TAX CASE LAW 20.02.2025 Section Case Law Title Brief Summary Citation 10(38) Nimesh Maheshbhai Shah HUF thro Nimesh Maheshbhai Shah v. Income-tax officer Reassessment notice is not justified if the assessee has fully and truly disclosed all material facts. Click Here 11 ITO (Exemption) Ward- Jaipur v. Rajasthan Cricket Association… Read More »
Loans taken prior to the assessment year cannot be added as unexplained cash credit. Additions under Section 68 Deleted for Unsecured Loans and Share Capital Key Issues and Decisions: I. Unsecured Loans from Various Parties: Issue: Whether the AO was justified in adding unsecured loans received by the assessee company as unexplained cash credit under… Read More »
10 IMPORTANT GST CASE LAWS 17.02.2025 Sr No Case Law Title Brief Summary Citation Relevant Section and Act 1 S P Singh Constructions P Ltd., In re Mobilization Advance in EPC Contract Treated as Consideration for GST; Time of Supply is Date of Receipt Click Here Section 2 Central Goods and Services Tax Act, 2017… Read More »
Refund of Pre-GST (VAT Regime) Taxes Ordered Under Transitional Provisions Issue: Can a taxpayer claim a refund of taxes collected during the pre-GST (VAT) regime that were not refunded under the old system, even after the transition to GST? Facts: The assessee had a pending refund claim from the VAT regime. Part of this amount… Read More »
Input Service Distributor in GST : Updated Study Material 2025 Input Service Distributor provisions in GST has ben changed from 01.04.2025 here is the complete Study material Relevant Articles for Input Service Distributor Input Service Distributor (ISD) and cross charge under GST Whether IGST can be distributed as CGST from 01.04.2025 by Input Service Distributor GST… Read More »
Income-Tax Bill, 2025: A Comprehensive Overview The Income-tax Bill, 2025, contains 536 clauses and 23 chapters and 16 Schedules. These clauses are organized into the following chapters: Chapter I: Preliminary Chapter II: Basis of Charge Chapter III: Incomes Which Do Not Form Part of Total Income Chapter IV: Computation of Total Income Chapter V: Income… Read More »
6 Important Income Tax Case Laws 05.02.2025 Sr No Case Law Title Brief Summary Citation Relevant Section and Act 1 HM Brothers (P.) Ltd. v. Deputy Commissioner of Income-tax Disallowance of depreciation upheld as the assessee failed to submit records of machinery usage. Click Here Section 32 Income Tax Act, 1961 2 Sonansh Creations… Read More »