Follow Us:

Articles

Revisiting Grandfathering under GAAR: Rule 10U Amendment and Its Impact on Tiger Global

May 6, 2026 915 Views 0 comment Print

CBDT’s 2026 amendment strengthens grandfathering protection for investments made before the commencement of GAAR. The clarification addresses concerns created by the Tiger Global ruling regarding scrutiny of legacy investments.

Karnataka HC Protects Genuine Buyers from ITC Denial Due to Supplier Default

May 6, 2026 1164 Views 0 comment Print

The Court clarified that an NGTP or non-genuine taxpayer tag is only a risk indicator and not conclusive proof against buyers. Authorities must conduct proper enquiry, examine records, and provide transaction-wise findings before rejecting ITC claims.

Gujarat HC Upholds ITC Denial on Supplier Default

May 6, 2026 1257 Views 1 comment Print

Gujarat HC upheld Section 16(2)(c) of the CGST Act, allowing denial of ITC where suppliers fail to deposit GST with the government.

Bombay HC Orders ITC Unblocking as Rule 86A Restriction Expired After One Year

May 6, 2026 537 Views 0 comment Print

The Court held that blocking of the electronic credit ledger under Rule 86A cannot continue beyond the statutory one-year period. It clarified that such restriction automatically lapses by operation of law regardless of pending departmental proceedings.

TDS Never Sleeps: How Form 26AS Triggers Tax Scrutiny

May 6, 2026 8262 Views 0 comment Print

The Tribunal held that TDS entries appearing in Form 26AS are sufficient material for reopening assessments when no return is filed. The ruling emphasizes that taxpayers must reconcile Form 26AS with books and returns to avoid reassessment proceedings.

Tax Exemption at Risk for Charitable Institutions Allegedly Operated Like Businesses

May 6, 2026 897 Views 0 comment Print

The Income-tax Department intensified scrutiny of charitable entities after finding high surplus margins, premium pricing, and commercial-style operations. The developments show that institutions functioning like businesses may lose tax exemptions despite charitable registration.

Unlisted Bonds Lose LTCG Benefit; No Capital Gains Exemption for Depreciable Assets under Income Tax Act 2025

May 6, 2026 753 Views 0 comment Print

The new law treats gains from depreciable assets as short-term capital gains for all purposes, not merely for computation. This effectively removes exemption benefits previously allowed through judicial interpretation under the old regime.

GST on Hosting Services: OIDAR Classification, RCM Liability & Latest Judgments

May 5, 2026 1053 Views 0 comment Print

This case explains how foreign digital services like hosting fall under OIDAR and become taxable imports under GST. It highlights compliance through Reverse Charge Mechanism and ITC eligibility for registered businesses.

Legal Analysis of Applicability of GST on Bar Associations

May 5, 2026 900 Views 0 comment Print

This case explains how GST law overrides mutuality by treating associations and members as distinct taxable persons. It clarifies that internal transactions like membership fees now qualify as taxable supply.

Advocate’s Refusal to Defend: Professional Misconduct?

May 5, 2026 1248 Views 4 comments Print

Explains when a lawyer’s refusal crosses into professional misconduct, especially in cases of discrimination or collective boycotts, and reinforces the duty to ensure access to justice.

Search Post by Date
June 2026
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
2930