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A significant ruling by the Allahabad High Court has clarified that GST authorities do not have the power to initiate proceedings under Section 73 to levy tax on payments received post-GST if the work was actually completed during the VAT regime. The Context: In this specific case, the petitioner, who works under a work contract, […]
Tax Deducted at Source, or TDS, is a crucial requirement for employers and businesses in India. It is the method by which taxes are collected when people earn money, ensuring that the government receives its share within a specified time. Manual tracking of TDS is time-consuming and requires a significant amount of effort. It is […]
The Delhi Bench of the Income Tax Appellate Tribunal (“ITAT”) ruled that the presumption u/s 292C of the Income-tax Act, 1961, for the ownership and truth of documents discovered in search, is rebuttable and is not conclusive in specifying undisclosed income. The taxpayer, Krishna Gopal Saraf, a salaried employee of Sarthak Vanijya India Ltd (SVIL), […]
The Jaipur Bench of Income Tax Appellate Tribunal (ITAT) permitted an appeal filed by a retired State Bank of India employee, carrying that the revised Rs 25 lakh exemption limit for leave encashment u/s 10(10AA) of the Income Tax Act,1961, applied retrospectively as notified by the Central Board of Direct Taxes (CBDT). The taxpayer, Chandra […]
The Jaipur Bench of the Income Tax Appellate Tribunal (ITAT) validated the deletion of an addition of ₹2,16,27,822 made u/s 69A of the Income Tax Act, 1961, due to a mismatch between the commission and other income reported in the books and the figures specified in Form 26AS. The taxpayer, Samarth Lifestyle Retailing Pvt. Ltd., […]
The Bombay High Court has determined that an assessee should not face penalties for delays in the submission of their tax return attributable to the late guidance provided by their chartered accountant. The bench mentioned that the delay is not because of any negligence on the taxpayer’s end but due to insufficient suggestions via the […]
The Punjab and Haryana High Court has given a warning to the Central Board of Direct Taxes (CBDT) for not following the order of the High Court on October 13, 2025, which asked for an extension of the income tax return (ITR) filing due date for audited cases. The court said that the continued inaction […]
The Madras High Court ruled that an Income Tax Recovery Officer (TRO) must lift attachment orders on a taxpayer’s property once the subject-matter issue has attained finality at the appellate level. The High Court’s decision against a writ petition filed by M/s Sritharani Infraa Developers Pvt. Ltd., impugning an attachment order dated July 15, 2022, […]
The Allahabad High Court has ruled that notices issued under Sections 148 and 282 of the Income Tax Act, 1961, must be personally served on the assessee through speed post. Simply sending the notice to the assessee’s address does not satisfy the requirement of valid service under Section 27 of the General Clauses Act, 1897. […]
