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The Income Tax Act, 2025 preserves the key deduction previously available under Section 80P through Section 149. Most tax incentives for eligible co-operative activities remain intact.
The article explains that success before appellate forums depends not only on legal knowledge but also on preparation, courtroom etiquette, and communication skills. Proper presentation and strategic handling significantly strengthen a representative’s case.
The new Invoice Management System (IMS) will introduce real-time invoice matching and automated ITC verification under GST. Businesses will need stronger compliance systems and accurate invoice reporting.
The new law reorganizes provisions and reduces complexity without changing tax policies, ensuring easier compliance and continuity for taxpayers.
Explains that vague show cause notices lacking details of suppression violate legal principles. Highlights that extended limitation and penalties require clear proof of intent.
Wide-ranging reforms across labour, tax, GST, and banking systems come into force from April 2026. These changes aim to simplify compliance while strengthening transparency and financial discipline.
Explains how routine approvals under Section 151 can nullify reassessment proceedings. The key takeaway is that lack of application of mind makes notices legally invalid.
GST suspension triggered by GSTR-1 and GSTR-3B mismatch was upheld, emphasizing strict reconciliation requirements. Timely correction and response are crucial to avoid cancellation.
Courts have held that reassessment proceedings must be based on the reasons recorded before issuing notice under Section 148. If no addition is made on the issue forming the basis of reopening, the reassessment may become invalid.
From 1 January 2026, GST becomes a system-driven regime with mandatory validations and irreversible deadlines. Businesses must ensure strict compliance to avoid return blocks and registration disruptions.
