Bombay High Court rules that services by an Indian subsidiary to its foreign holding company qualify as “export of service” under the IGST Act, enabling Input Tax Credit refunds. The judgment clarifies “distinct person” and “agency” definitions.
Discover complete tax guide for senior citizens (aged 60 and above) for FY 2024-25, covering due dates, exemptions, penalties & CBDT notifications
This article examines the evolving judicial landscape surrounding rectification of GST returns, highlighting how courts have increasingly favored a balanced approach that protects genuine taxpayers from the harsh consequences of inadvertent mistakes.
This article aims to provide a detailed overview of income tax and GST obligations for digital earners in Financial Year 2025–26 (Assessment Year 2026–27).
ITAT Hyderabad held that denial of exemption under section 54F on allegation of more than one residential house unwarranted as one residential house is gifted to his daughter. Accordingly, exemption allowed and appeal of revenue dismissed.
Delhi High Court held that technical glitch with wording in the stamp ‘signature not verified’ doesn’t render order invalid as order was uploaded on GST portal which can be done only after verification by concerned State Tax Officer.
Bombay High Court dismissed income tax appeals by the CIT against Agastmuni Construction, citing CBDT Circular No. 17/2019’s monetary limits.
ITAT Mumbai holds income from builders’ unsold flats as ‘business income,’ not ‘house property,’ for Haware Engineers for AY 2013-14 & 2014-15.
Pune ITAT deletes deemed rental income addition on unsold flats for Kumar Properties, citing no exempt income for Section 14A disallowance.
ITAT Mumbai dismisses Pegasus Properties’ appeal for AY 2015-16 as infructuous, citing a previously heard physical appeal against the same order.
