CBDT amends notification to place JCIT (Appeals) and Addl. C… CBDT amends notification to place JCIT (Appeals) and Addl. C… MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 30th September, 2026 (INCOME TAX) S.O. 5368(E).—In exercise of the powers conferred by section 238 of the Income-tax Act,… Read More »
Court Directs Adjudication of Comprehensive Representation and Restoration of GST Portal Access Upon Verification Issue Whether the Department can continuously block a registered taxpayer’s access to the GST portal for filing Form GSTR-1 during pending cancellation proceedings, or if portal access should be restored subject to filing documents and administrative adjudication. Facts The petitioner is… Read More »
Cancellation Order Set Aside and GST Registration Restored Subject to Filing Pending Returns and Paying Arrears Within 30 Days Issue Whether the cancellation of GST registration due to non-filing of returns for six continuous months can be set aside and restored upon the taxpayer’s undertaking to clear all pending returns along with tax, penalty, interest,… Read More »
Interest income on extending loans is exempt under GST Entry 27, but exemption claims require documentary proof. Issue Whether the disputed turnover of ~₹3.52 crores reported in GSTR-1/3B for FY 2017–18 qualifies for GST exemption under Entry 27 of Notification No. 12/2017-Central Tax (Rate) as interest on deposits, loans, or advances, and whether the assessee… Read More »
INCOME TAX CASE LAWS 29.09.20226 Section Relevant Act Case Law Title Brief Summary Citation Section 139(1) Income-tax Act, 1961 CBDT Press Release Extended due dates for filing tax audit reports (from Sept 30 to Oct 21, 2026) and Income Tax Returns (from Oct 31 to Nov 21, 2026) for AY 2026-27 for audited taxpayers.… Read More »
Assessee Bank Cannot Be Assessee-in-Default for Non-Deduction of TDS on LFC Governed by High Court’s Interim Stay Issue Whether an employer-bank can be treated as an assessee-in-default under Section 201(1)/201(1A) for failing to deduct tax at source under Section 192 on Leave Fare Concession (LFC) reimbursements involving foreign travel, when non-deduction was made in compliance… Read More »
Individual Beneficiary Cannot Claim Trust Loss Without Prior Determination and Verification of Income or Loss in Hands of Trust Issue Whether an individual beneficiary holding a determinate share in a private family trust can directly claim a proportionate share of the trust’s loss in his individual return when the trust itself has not filed a… Read More »
Establishing Ownership Alone Does Not Warrant Seizure Release Pending Possession Assessment, But Third Parties Can Apply Under Section 132B Issue Whether cash seized during a search on an Angadiya firm can be released under Section 132B to a third-party owner before completion of the Angadiya firm’s assessment, and whether a third-party claimant qualifies as a… Read More »
Commissioner (Appeals) Powers Coterminous with AO; Matter Remanded for De Novo Adjudication of Purchase Discrepancies Commissioner (Appeals) Powers Coterminous with AO; Matter Remanded for De Novo Adjudication of Purchase Discrepancies Issue Whether the Commissioner (Appeals) erred in rejecting fresh evidence produced by the assessee regarding discrepancies in purchases and TDS without exercising coterminous powers, justifying… Read More »
Reassessment Notice Issued to Amalgamating Company Is Void Once Same Income Is Taxed in Amalgamated Company’s Hands Reassessment Notice Issued to Amalgamating Company Is Void Once Same Income Is Taxed in Amalgamated Company’s Hands Issue Whether reassessment proceedings initiated under Section 148 against a non-existent amalgamating company can survive when the exact same subject matter… Read More »