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Recent Posts
- Retrospective amendment and circular validate ITC claim despite delayed return filing
- GST exemption denied for retired bank employees’ group health insurance; applies only to individual policies
- Adjudication ordered on GST applicability for medicines supplied to inpatients by hospitals during treatment
- IMPORTANT INCOME TAX CASE LAWS 15.01.2026
- Pre-existing tax claims not in resolution plan are extinguished; appeals cannot continue during IBC proceedings
- Assessing Officer cannot mechanically mandate 20% pre-deposit for stay without evaluating hardship and merits
- Section 54 deduction allowed if funds utilized timely despite builder’s delay in registration
- Date of allotment determines acquisition date for holding period in redevelopment cases, not possession
- Captive solar power supply to parent company fails charitable purpose test for Section 12AB registration
- Vocational training generating surplus utilized for education qualifies for Section 11 exemption
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