Tax Guru

Two Income-tax Acts in One Year: What Practitioners Need to Keep Straight

Practical guide to the Income-tax Act, 2025 transition, covering Section 536, TDS, new forms, tax audits, challans and ...
Tax Guru

Joint Property Purchase Funded by One Buyer: TDS, Ownership and Benami Implications

Explore TDS liability, ownership rights, Benami Act exceptions and AIS reporting when one buyer funds a jointly registered ...
Tax Guru

GST Amendments Effective 1 November 2026: Discounts, Credit Notes and Refunds

Three GST amendments effective 1 November 2026 change post-supply discounts, credit notes, provisional IDS refunds and small export refunds.
Tax Guru

When a Proprietor Dies, Does Their GST Input Tax Credit Die Too?

Can legal heirs transfer GST ITC after a proprietor's death? Understand ITC-02, registration cancellation, stock liability ...
Tax Guru

Allahabad HC Grants Bail to Woman Accused of Carrying ₹7.11 Crore Foreign-Marked Gold

Allahabad HC grants conditional bail in a ₹7.11 crore gold case, noting the filed complaint, no criminal history and no material showing trial risks.
Tax Guru

Gauhati HC Quashes GST Registration Cancellation Based on Vague Show Cause Notice

Gauhati HC quashes GST registration cancellation, permits pending returns within 30 days and retains liability for tax, ...
Tax Guru

GST Search: Business Premises Cannot Remain Sealed Indefinitely When Goods May Deteriorate: Madras HC

Madras HC orders desealing within 48 hours on a stock undertaking; inventoried goods cannot be sold or disposed of without ...
Tax Guru

ITAT Patna Orders Fresh Assessment of ₹40 Lakh Property Investment Additions Due to Lack of Verification

ITAT Patna remanded an assessment involving ₹40 lakh property payments and a ₹1.5 lakh Section 80C claim for fresh inquiry ...
Tax Guru

Unjust Enrichment Inapplicable to Pre-Amendment Provisional Customs Assessment Refunds: Gujarat HC

Gujarat HC dismissed Revenue’s appeal, holding unjust enrichment inapplicable to refunds from provisional assessments ...
Tax Guru

Mere Delayed Stock Entries Backed by Invoices Cannot Justify Confiscation: GSTAT Lucknow

GSTAT Lucknow upheld deletion of a ₹1.89 lakh confiscation demand where invoices, returns and reconciled records explained ...
Tax Guru

GST ITC Cannot Be Denied Solely on Retrospective Cancellation of Supplier Registration: GSTAT Thane

GSTAT Thane set aside unreasoned ITC demands and appellate orders, directing fresh adjudication with a fair hearing and all ...
Tax Guru

Completed Voluntary Liquidation Warrants Company Dissolution: NCLT Delhi

NCLT Delhi allowed Teil Projects’ dissolution after liquidation and creditor payments, preserving recourse for false affidavits concerning unpaid dues.