Migration of UDIN Portal to ICAI DigiCA Platform UDIN Directorate The Institute of Chartered Accountants of India 10th Dec 2025 The members are hereby informed that the Institute of Chartered Accountants of India (ICAI) is contemplating migration of the existing UDIN Portal to the ICAI DigiCA Platform on 20th December 2025. The upgraded system will provide improved… Read More »
Notification u/s 10(46) of the Income Tax Act, 1961 in the case of New Okhla Industrial Development Authority MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 15th December, 2025 S.O. 5779(E).— In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961… Read More »
Notification u/s 120(2)(1) of the Income Tax Act, 1961 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 15th December, 2025 INCOME-TAX S.O. 5799(E).—In exercise of the powers conferred by sub-sections (1) and (2) of section 120 of the Income-tax Act, 1961 (43 of 1961), and in continuation to… Read More »
Notification u/s 10(46A) of the Income Tax Act, 1961 Punjab Urban Planning And Development Authority MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 15th December, 2025 S.O. 5778(E).— In exercise of the powers conferred by sub-clause (b) of clause (46A) of section 10 of the Income-tax Act, 1961… Read More »
IMPORTANT INCOME TAX CASE LAWS 16.12.25 Act Section Case Law Title / Press Release Brief Summary Citation / Source Income-tax Act, 1961 Press Release (Compliance) CBDT Nudges Against Bogus Deduction Claims The CBDT launched a “Nudge Campaign” on 12-12-2025 targeting intermediaries and taxpayers filing ITRs for AY 2025-26 with bogus deductions (primarily fake donations to… Read More »
IMPORTANT GST CASE LAWS 16.12.25 Relevant Act Section Case Law Title Brief Summary Citation Central GST Act, 2017 Section 67 (Search & Seizure) Korfex Industries (P.) Ltd. v. State of Rajasthan Writ relief for release of detained goods was denied as the investigation revealed collusion to defraud revenue via fake ITC. Equitable jurisdiction under Article… Read More »
CONFLICT ON CONVERSION OF ARREST WARRANTS IN ECONOMIC OFFENCES: MATTER REFERRED TO LARGER BENCH ISSUE Whether an accused charged with serious economic offences (such as Input Tax Credit fraud under GST) can claim the conversion of non-bailable arrest warrants into bailable warrants as a matter of right, or if the gravity of economic offences precludes… Read More »
MOVEMENT WITHOUT E-WAY BILL FATAL; TRANSPORTER’S ERROR NO DEFENSE ISSUE Whether the detention and seizure of goods under Section 129 are justified when the goods are intercepted without a valid E-way bill, even if the taxpayer claims the transporter moved the goods contrary to instructions and the E-way bill was generated immediately after interception due… Read More »
RESTORED REGISTRATION VALIDATES ITC: SECTION 74 DEMAND QUASHED ISSUE Whether the Department can sustain a demand for tax and penalty under Section 74 (Fraud/Suppression) on the ground that purchases were made from a “bogus/non-existent” firm, when the cancelled registration of the supplier was subsequently restored by the authorities. FACTS The Transaction: In the normal course… Read More »
BAIL GRANTED IN GST FRAUD CASE: PROLONGED CUSTODY & MAGISTERIAL TRIAL OUTWEIGH SEVERITY OF OFFENSE ISSUE Whether an accused is entitled to bail in a serious GST evasion case involving fake firms and fake supplies, considering that the investigation is complete, the accused has been in custody for a prolonged period, and the offences are… Read More »