Income Tax

The Gujarat High Court on 2 July 2026 said that GST authorities cannot refuse interest on refunds by considering a refund application submitted as per the Court order as a fresh application, ruling that where the original denial of refund claim is quashed as illegal, interest u/s 56 of the Central Goods and Services Tax…

GST compliance has become increasingly complex due to frequent amendments, automated portal scrutiny and strict penalty provisions under the Goods and Services Tax (GST) law. Even a minor error in return filing, tax payment, or invoice reporting can lead to immediate departmental notices, interest charges and financial liabilities. For businesses, Chartered Accountants (CAs), and tax…

Introduction Section 393(2) of the Income Tax Act 2025 provides the rules for deducting tax at source from specified income and sums paid or credited to non-residents, foreign companies and other specified non-resident payees. The applicable TDS rate depends on the nature of income, category of payee and person responsible for making the payment.  …

The present case concerns proceedings initiated under Section 74 of the Uttar Pradesh Goods and Services Tax (UPGST) Act against M/s Safecon Lifescience Private Limited for the tax period of April 2021. The proceedings alleged that the company had wrongly claimed ITC through GSTR-3B, on the ground that the credit was fraudulent or otherwise ineligible….

Introduction Section 394 of the Income Tax Act governs the collection of tax at source on specified transactions. Under this provision, sellers and other specified persons collect TCS from buyers and deposit it with the Government. It covers specified goods, high-value motor vehicles, foreign remittances, overseas tour packages and certain commercial rights. The section also…

Can Section 263 Be Invoked When There Is No Tax Loss to the Revenue? ITAT Kolkata Reiterates the Twin Conditions of Revision Keywords: Section 263 Income Tax Act, revision under Section 263, erroneous and prejudicial to revenue, Section 80IA deduction, ITAT Kolkata Section 263, Commissioner revision powers, no prejudice to revenue, twin conditions Section 263, deduction…

Section 54F Relief Available Even for Extension of an Existing House? Bangalore ITAT Says Yes Keywords: Section 54F construction, Section 54F existing house, structural additions Section 54F, home extension capital gains exemption, Bangalore ITAT Section 54F, construction of residential house, Section 54F latest judgment, capital gains exemption for house renovation, B.S. Shanthakumari case, engineer certificate Section…

The Gauhati High Court has ruled that GST authorities cannot bypass the mandatory statutory process outlined under Section 61 of the CGST Act during return scrutiny. The Court emphasised that failing to issue Form GST ASMT-10 before initiating tax demand proceedings renders the entire subsequent adjudication process legally unsustainable and void. The issue arose after…

Recently, the Gauhati High Court said that a bona fide purchaser cannot be refused Input Tax Credit (ITC) just because the selling dealer did not submit GST returns after collecting tax from the purchaser and that the department should move against the defaulting seller. Justice Devashis Baruah permitted a writ petition by Advance Engineering Farms…

Andhra Pradesh officially inaugurated its Vijayawada and Visakhapatnam Benches. It has achieved a major milestone in the State’s tax dispute resolution mechanism. Appeal hearings at both benches started quickly on the day of their inauguration. Bhaskar Reddy Vemireddy, Vice President and Member (Judicial), GSTAT Andhra Pradesh, inaugurated the ceremony. Vemireddy outlined the commitment of the…