Analysis of the Rajeev Bansal Supreme Court ruling on reassessment approvals, clarifying complexities in Section 151 and its impact on assessing authorities.
Beware of tax refund scams. The Income Tax Department is cracking down on fraudulent ITR claims. File accurate returns to avoid penalties and legal action.
A roundup of 29 GST rulings addressing ITC claims, provisional attachment, refunds, penalties, and procedural lapses under CGST Act in the July 2025 compendium.
NFAC deletes penalty on taxpayer misled by unqualified agent; case highlights misuse of fake deductions, procedural lapses, and risks of unauthorized TRPs.
Madras High Court rules GST notifications extending limitation periods were ultra vires, citing lack of valid GST Council recommendation and improper application of force majeure.
Supreme Court rules Limitation Act applies to MSMED arbitration but not conciliation, clarifying recovery of time-barred debts under Section 18.
GSTN clarifies GSTR-3A notices issued to cancelled composition taxpayers due to a system glitch; corrective action is underway to resolve the issue.
ICSI advises continued MGT-8 certification on letterhead with UDIN for Form MGT-7 filing under MCA V3, pending MCAs clarification on new integration.
Simplify your ITR-2 filing for AY 2025-26 with this step-by-step guide, covering capital gains, property sales, and navigating the e-filing portal.
Learn how to fill FSI, TR, and FA schedules in your ITR for reporting foreign income, claiming tax relief, and declaring foreign assets and accounts.
