Refund Can’t Be Denied on Limitation Ground on Double Payment of GST (Petitioner vs. The State of West Bengal & Ors.) Issue: Whether a taxpayer who has inadvertently made a double payment of Goods and Services Tax (GST) on a single transaction can be denied a refund for the excess amount solely on the ground… Read More »
DGFT Amends Foreign Trade Procedures for India-EFTA TEPA, Easing Certificate of Origin Process Issue: To simplify and expedite the implementation of the India-European Free Trade Association (EFTA) Trade and Economic Partnership Agreement (TEPA), the Directorate General of Foreign Trade (DGFT) amended the Foreign Trade Procedures (FTP) specifically concerning the issuance of the Certificates of Origin… Read More »
New GST Registration System from November 1: What Will Change for Small Businesses Issue: To curb the menace of Goods and Services Tax (GST) fraud, particularly the registration of fake companies for illegal Input Tax Credit (ITC), the GST Network (GSTN) is implementing a comprehensive new registration system with stringent verification protocols, which will significantly… Read More »
DGFT Amends Foreign Trade Policy: New Agencies Authorized to Issue Certificates of Origin for India-EFTA TEPA Issue: To implement the recently concluded India-European Free Trade Association (EFTA) Trade and Economic Partnership Agreement (TEPA), the Directorate General of Foreign Trade (DGFT) needed to designate the competent authorities responsible for issuing the crucial Certificates of Origin (CoO).… Read More »
Bombay HC Quashes Income Tax Assessment Over Use of AI-generated Case Laws (Puneet Batra vs. Union of India & Ors.) Issue: Whether an income tax assessment order is legally sustainable if the Assessing Officer (AO), performing a quasi-judicial function, relies on non-existent, fictitious, or AI-generated judicial precedents without proper cross-verification, thereby committing a procedural lapse… Read More »
CBIC assigned Proper Officers & Monetary Limits under Sections 74A, 75(2) & 122 of the CGST Act, 2017 vide Circular No. 254/11/2025-GST issued Dated October 27, 2025 The Central Board of Indirect Taxes & Customs (CBIC) has issued an important clarification assigning proper officers and prescribing monetary limits for issuance of show cause notices (SCNs),… Read More »
Bombay High Court Ruling on Self-Assessment Tax Delay Vilas Babanrao Kalokhe vs. PCIT (Central) Issue: Whether the mere delay in paying self-assessment tax, required under Section 140A of the Income-tax Act, automatically constitutes a “willful attempt to evade tax” punishable by criminal prosecution under Section 276C(2) of the Income-tax Act, 1961. Facts: The petitioner… Read More »
Cabinet approves Terms of Reference of 8th Central Pay Commission Posted On: 28 OCT 2025 3:04PM by PIB Delhi The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, today approved the Terms of Reference of 8th Central Pay Commission. The 8th Central Pay Commission will be a temporary body. The Commission will comprise… Read More »
PFRDA Hosts Seminar on “Consultation Paper on Enhancing the National Pension System: Proposals for Flexible, Assured and Predictable Pension Schemes” in Mumbai The consultation paper proposes three distinct schemes under the NPS framework to offer greater flexibility and assurance to subscribers Seminar brought together experts to provide insights on strengthening retirement outcome under NPS Posted… Read More »
ITR Filing Deadline Extension: Latest Update from Punjab and Haryana High Court The Punjab and Haryana High Court has directed the CBDT to extend the deadline for filing Income Tax Returns (ITR). The court expressed strong displeasure at the CBDT’s handling of the matter, stating that only procedural formalities remain and emphasizing that a formal… Read More »