Charitable Trust Donations: Displaying Donor Names at Religious Events (Janmashtami) is Acknowledgment, Not “Business Promotion”; AO’s Addition as Commercial Income Deleted

By | January 2, 2026
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Charitable Trust Donations: Displaying Donor Names at Religious Events (Janmashtami) is Acknowledgment, Not “Business Promotion”; AO’s Addition as Commercial Income Deleted   ISSUE Whether voluntary contributions/donations received by a charitable trust for organizing religious events (like Janmashtami) can be treated as “Business/Advertisement Income” simply because the donors stated in Section 133(6) replies that the amounts… Read More »

Charitable Trust Assessment: Denial of Section 11 Exemption by CPC for Non-Filing Form 10B Held Invalid without Defective Return Notice; Tax to be Levied on Net Income, Not Gross Receipts

By | January 2, 2026
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Charitable Trust Assessment: Denial of Section 11 Exemption by CPC for Non-Filing Form 10B Held Invalid without Defective Return Notice; Tax to be Levied on Net Income, Not Gross Receipts   ISSUES Procedural: Whether the CPC (Centralized Processing Centre) can deny an alternative claim of exemption under Section 11 while processing a return under Section… Read More »

Extension Of Licence of IFSC GIFT City Gujrat 

By | January 1, 2026
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Extension Of Licence of IFSC GIFT City Gujrat INTERNATIONAL FINANCIAL SERVICES CENTRES AUTHORITY NOTIFICATION Gandhinagar, the 24th December, 2025 F. No. IFSCA/India ICC/Renewal/2025-26.—The International Financial Services Centres Authority, having considered the application for grant of renewal of recognition under Regulation 12 of the International Financial Service Centres Authority (Market Infrastructure Institutions) Regulations, 2021 by India… Read More »

International Financial Services Centres Authority (Global In-House Centres) Regulations, 2025

By | January 1, 2026
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International Financial Services Centres Authority (Global In-House Centres) Regulations, 2025 INTERNATIONAL FINANCIAL SERVICES CENTRES AUTHORITY NOTIFICATION Gandhinagar, the 24th December, 2025 International Financial Services Centres Authority (Global In-House Centres) Regulations, 2025. F. No. IFSCA/GN/2025/012.— In exercise of the powers conferred by sub-section (1) of Section 28, read with sub-section (1) of Section 12 of the… Read More »

Notification u/s 35(1)(ii) of the Income Tax Act, 1961 in the case of Cancer Institute (W.I.A), Chennai

By | January 1, 2026
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Notification u/s 35(1)(ii) of the Income Tax Act, 1961 in the case of Cancer Institute (W.I.A), Chennai MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 30th December, 2025 S.O. 6101(E).—In exercise of the powers conferred by clause (ii) of sub-section (1) of section 35 of the Income-tax Act,… Read More »

Frequently Asked Questions (FAQs) on Machine-Based levy in case of Chewing Tobacco, Jarda Scented Tobacco and Gutkha

By | January 1, 2026
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Frequently Asked Questions (FAQs) on Machine-Based levy in case of Chewing Tobacco, Jarda Scented Tobacco and Gutkha Posted On: 01 JAN 2026 11:32AM by PIB Delhi What are the effective duty rates of central excise on tobacco and tobacco products? The effective duty rates on tobacco and tobacco products have been notified vide notification No. 03/2025-Central… Read More »

IMPORTANT GST CASE LAWS 31.12.2025

By | January 1, 2026
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IMPORTANT GST CASE LAWS 31.12.2025 Relevant Act Section / Topic Case Law Title / Advisory Brief Summary Citation / Source CGST Act, 2017 Section 9 (Levy) N.R. Kulkarni NRK Construction Company v. Union of India For works contracts executed prior to the Pre-GST VAT regime (before 01-07-2017) where payments were made in the GST regime,… Read More »

Category: GST

IMPORTANT GST CASE LAWS 30.12.2025

By | January 1, 2026
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IMPORTANT GST CASE LAWS 30.12.2025 Relevant Act Section Case Law Title Brief Summary Citation CGST Act, 2017 Section 29 (Cancellation) MS Imagine Marketing Ltd. v. Joint Commissioner CGST Appeals II Delhi Cancellation order was quashed as the officer failed to consider the petitioner’s reply, which included relevant rent agreements and returns for the last three… Read More »

Category: GST

Mechanical Cancellation of Registration Set Aside: “Reply Not Considerable” is a Vague Ground; Officer Cannot Demand Documents Already Available on GST Portal

By | January 1, 2026
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Mechanical Cancellation of Registration Set Aside: “Reply Not Considerable” is a Vague Ground; Officer Cannot Demand Documents Already Available on GST Portal ISSUE Whether the Proper Officer can cancel a GST registration by passing a cryptic, templated order stating “reply not considerable” without assigning specific reasons or considering the documents submitted. Whether the tax authorities… Read More »

Category: GST