Revision under Section 263 upheld for unexamined ECB interest capitalization but set aside on plausible views and roving TDS inquiries.

By | September 12, 2026
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Revision under Section 263 upheld for unexamined ECB interest capitalization but set aside on plausible views and roving TDS inquiries. Issue Whether PCIT properly exercised revisionary power under Section 263 regarding capitalization of ECB interest where the Assessing Officer (AO) conducted no inquiry into the actual utilization of borrowed funds. Whether PCIT’s direction to verify… Read More »

Allotment and buy-back of equity shares known to alleged benamidars does not constitute a benami transaction.

By | September 12, 2026
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Allotment and buy-back of equity shares known to alleged benamidars does not constitute a benami transaction. Allotment and buy-back of equity shares known to alleged benamidars does not constitute a benami transaction. Issue Whether creation of trade payables, conversion into securities premium, and allotment/buy-back of shares known to job workers fall under Section 2(9)(C) of… Read More »

LEARN AI COURSE ONLINE FROM CERTIFIED CA !

By | September 11, 2026
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LEARN AI COURSE ONLINE FROM CERTIFIED CA ! LEARN AI COURSE ONLINE FROM CERTIFIED CA ! contact us on for Courses on AI :  9872233989 Thrilled to share that I have successfully completed Level 2 of the Certificate Course on Artificial Intelligence for CA (AICA) conducted by the Artificial Intelligence Committee of ICAI (at the… Read More »

GST CASE LAWS 10.09.2026

By | September 11, 2026
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GST CASE LAWS 10.09.2026 Section Relevant Act Case Law Title Brief Summary Citation Section 5 Central Goods and Services Tax Act, 2017 Siemens Healthcare (P.) Ltd. v. Union of India Administrative transfers of audit files from the Audit Wing to the Anti-Evasion Wing within the same Commissionerate are administrative, not barred by statute, and warranted… Read More »

Anti-profiteering for housing projects applies strictly to HIG units excluding statutorily capped categories, with 18% interest and a conditional 10% penalty.

By | September 11, 2026
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Anti-profiteering for housing projects applies strictly to HIG units excluding statutorily capped categories, with 18% interest and a conditional 10% penalty. Anti-profiteering for housing projects applies strictly to HIG units excluding statutorily capped categories, with 18% interest and a conditional 10% penalty. Issue Whether additional Input Tax Credit (ITC) benefits accrued post-GST transition in a… Read More »

GSTAT upholds dismissal of appeal for default due to persistent failure to cure defects or appear.

By | September 11, 2026
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GSTAT upholds dismissal of appeal for default due to persistent failure to cure defects or appear. GSTAT upholds dismissal of appeal for default due to persistent failure to cure defects or appear. Issue Whether the Goods and Services Tax Appellate Tribunal (GSTAT) is justified in dismissing an appeal for default under Rule 42 without examining… Read More »

Recovery notices against distinct private limited company and unexamined post-death proceedings against legal heirs were quashed.

By | September 11, 2026
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Recovery notices against distinct private limited company and unexamined post-death proceedings against legal heirs were quashed. Issue Whether Form GST DRC-13 recovery notices can be issued to attach the bank account of a distinct Private Limited Company for unpaid GST dues of a deceased individual’s proprietary concern under Section 79. Whether GST adjudication orders passed… Read More »