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The Calcutta High Court has ruled that proceedings u/s 153C of the Income Tax Act could not be initiated unless incriminating material of the taxpayer is discovered in a search and both the assessing officers (the Assessing Officer of the searched person, along with the Assessing Officer of the person other than the searched person) […]
The Allahabad High Court has pulled up GST authorities for passing frequent orders for the cancellation of GST registration of traders without giving reasons and said it amounted to ‘economic death’ as it imposes disproportionate hardship on them and disrupts legitimate business activities. Depriving a dealer of this statutory lifeline without providing reasons or providing […]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has dismissed the appeal based on inordinate delay of 1,370 days in filing, holding that the taxpayer’s reliance on its tax consultant’s failure to advise remedial action does not comprise “sufficient cause” for condonation u/s 5 of the Limitation Act, 1963. An order dated 29 […]
A rising number of taxpayers in India reported that they are getting surprising interest demand notices from the income tax department post-filing the updated ITRs. The Gujarat Chamber of Commerce and Industry (GCCI), concerned about the rising grievances, asked the centre to revise the provisions of the Income Tax Act to remove the uncertainty in […]
The Supreme Court has stated that an activity which concerns the transfer of title in immovable property by way of sale could not be treated as a “service” under the Finance Act, 1994. Therefore, such transactions are not within the ambit of service tax. A judgment was delivered by a bench of Justices J.B. Pardiwala […]
In October, 20 out of the 36 states and Union Territories (UTs) in India experienced a decrease in their Goods and Services Tax (GST) collections. This trend represents the weakest monthly performance for the financial year 2025-26 (FY26), as businesses adjusted to the new GST 2.0 rate structure implementation. In October, the State GST collections […]
The Hyderabad Bench of the Income Tax Appellate Tribunal (ITAT) ruled that the refusal of exemption u/s 11 and 12 of the Income Tax Act on the basis of late filing Form 10B was unexplained, as the report was available with the CPC before passing the order. Seva Bharathi, the taxpayer, a trust registered u/s […]
On October 29, the Central Board of Direct Taxes (CBDT) extended the last date for filing the ITRs and audit reports for the AY 2025-26, given the relief to the taxpayers and professionals. The amended due dates for filing the audit reports and ITR are November 10 and December 10, respectively. The taxpayers, before 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 […]
