Form 190 User Manual 1. Overview Form 190 is submitted under Rule 331 of the Income-tax Rules, 2026 by a Mutual Fund that intends to raise capital from the public through equity shares or debentures. This form must be filed at least three months before the proposed issue and acts as a compliance requirement to… Read More »
Important GST Case Laws 27.04.2026 Relevant Act / Authority Section / Subject Case Law Title / Notification Citation / Date Brief Summary Customs Tariff Act Heading 8526 Gurmat Impex & Shipping Services v. Comm. Customs Click Here Classification: “Alesea Reel Tracking Devices” are classifiable as radio navigational aids (8526 91 90) due to their principal… Read More »
Important Income Tax Case Laws 27.04.2026 Relevant Act Section Case Law Title Citation Brief Summary Income Tax Sec 4 / 145 Ghanshyam Infrastructure (P.) Ltd. v. DCIT Click Here Contractual Receipts: Assessable in the year profit is offered if records fail to prove reflection in earlier returns. 8% net profit rate upheld as AO failed… Read More »
High-Tech Semen Sorting is an Exempt “Animal Husbandry Support Service” Under SAC 9986. The Dispute: High-Tech Sorting vs. Agricultural Support The Scenario: The applicant uses proprietary technology to separate X and Y chromosome-bearing sperm cells from bovine (bull) semen. The Goal: To ensure that farmers can produce female calves (high-milk yielders) rather than male calves.… Read More »
Calcutta HC: GST Officers Cannot Force Personal Appearance if Taxpayer Appears via Advocate. The Dispute: The Demand for “Physical Presence” The Conflict: The petitioner (Sunshine Enterprises, Kanpur) shipped pan masala to a buyer in Howrah. Despite having a valid tax invoice and e-way bill, the vehicle was intercepted and detained in December 2025. The Revenue’s… Read More »
Bombay HC Quashes Consolidated GST Notices: Each Financial Year Must Have a Separate SCN. The Dispute: “Bunching” vs. The Annual Clock The Conflict: The DGGI issued a consolidated SCN and a subsequent Order-in-Original (OIO) covering a broad period from April 2018 to September 2023. The Revenue’s Stand: Consolidation is a procedural convenience, especially in fraud… Read More »
Section 16(5) Overrides Deadlines: ITC for 2017-21 is Valid if Filed by Nov 2021. The Dispute: The Section 16(4) “Hard Deadline” The Conflict: For FY 2018-19, the petitioner had claimed ITC in their returns. The Original Rejection: The Revenue issued a Show Cause Notice (SCN) and a subsequent Order-in-Original (OIO) denying the credit. They cited… Read More »
High Court: GSTAT Must Independently Decide Intermediary Status Without Being Bound by Prior AAAR Orders. The Dispute: The Intermediary Export Trap The Conflict: The petitioner provided services to an entity outside India and claimed them as “Export of Services” (Zero-rated). The Revenue’s Allegation: The Department reclassified the petitioner as an “Intermediary” under Section 2(13) of… Read More »
IoT Tracking Devices Dependent on GPS are Classified as “Radio Navigational Aid Apparatus The Dispute: The Multi-Functional IoT Dilemma The Scenario: The applicant sought to import the “Alesea Reel Tracking Device,” a sophisticated electronic tool designed to be mounted on cable drums. The device aims to solve the industry problem of cable-drum management and installation… Read More »
Section 43B Cannot Disallow Unpaid Tax If It Was Not Claimed As An Expense in P&L. The Dispute: The “Not Claimed, Not Disallowed” Principle The Conflict: The assessee had an unpaid service tax liability at the end of the financial year. The Revenue’s Stand: The Assessing Officer (AO) invoked Section 43B, which states that certain… Read More »