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The Income Tax Appellate Tribunal (ITAT) Mumbai Bench has recently ruled that the Assessing Officer (AO) must provide the assessee with the full Tax Deducted at Source (TDS) credit amounting to ₹14,78,140 for the Assessment Year (AY) 2011–12. This decision highlights the importance of correctly applying TDS credits in tax assessments. According to the Tribunal, […]
The Delhi High Court has decided that, without a functioning Goods and Services Tax Appellate Tribunal (GSTAT), authorities cannot begin the process of recovering money from a taxpayer. This decision comes after the court clarified that taxpayers must first make the required upfront payment as outlined in the Central Goods and Services Tax Act, 2017 […]
Under the Ministry of Finance, the Central Board of Direct Taxes (CBDT) has issued Notification No. 155/2025, authorising the Commissioner of Income Tax, Centralised Processing Centre (CPC), Bengaluru, to exercise concurrent powers under the Income-tax Act, 1961. The Commissioner, CPC Bengaluru, under the notification, can now- Such powers apply to all cases where the orders […]
The updated move of the government for fast-track GST refunds has been welcomed by the healthcare and medical device industry of India. However, it asked that the next big step is to extend refund eligibility to input services as well as capital goods required to get full tax neutrality and facilitate liquidity challenges encountered by […]
The Kerala High Court has made a ruling regarding tax returns. It stated that if someone has voluntarily submitted their tax returns, they cannot go back and change them by adding new evidence later on. This decision is based on a specific rule 29 of the ITAT rules that allows the tax appeal tribunal to […]
The penalty under section 270A of the Income Tax Act, 1961, cannot be levied when the underlying addition is based on the estimation of income, the Delhi Bench of the Income Tax Appellate Tribunal ( ITAT ) ruled. The income of the taxpayer Ram Lakhan for A.Y. 2017-18 has been estimated by the Assessing Officer […]
The Income Tax Appellate Tribunal (ITAT), Jodhpur bench, dealt with the disallowance of an Input GST claim of ₹37.92 lakh that had emerged because of an incorrect entry made by the Chartered Accountant (CA) of the taxpayer in Form 3CB. The Tribunal ruled that, as the claim had failed for the desire of external verification, […]
The CBDT has released a notification No. 133/2025/F. No. 370142/27/2025-TPL that brings important updates to the Income Tax Rules set in 1962. This update is part of the Income Tax (Twenty Second Amendment) Rules, 2025, and it aims to improve how income tax regulations work. A recent update has introduced two new rules, Rule 3C […]
The Rajasthan Commercial Taxes Department has issued Circular No. F.17 (134) ACCT/GST/2017/547, dated August 12, 2025, directing strict verification of Input Tax Credit (ITC) claims for businesses obtaining GST registration after the prescribed 30-day period under the CGST/RGST Act, 2017. Taxpayers u/s 25 of the RGST Act should apply within 30 days from the date […]
