– CA Lakshman Kumar K – CA Revanth Krishna K Introduction: In recent times, the Central Government has frequently amended existing laws and, in many cases, replaced old enactments with new legislative frameworks. This trend is particularly evident in tax laws such as the Central Goods and Services Tax Act, 2017 and the Income-tax Act, […]
The ITAT held that a notice under Section 143(2) issued by a non-jurisdictional AO invalidates the entire assessment. Jurisdictional defects cannot be cured later, making the assessment void from inception.
Until MCA issues further clarification, professionals should continue issuing MGT-8 on peer-reviewed letterheads with UDIN and attach it to MGT-7/MGT-7A.
Explains when home-loan interest can be added to the cost of acquisition and how the AY 2024-25 amendment blocks double benefits. Key takeaway: unclaimed pre-construction interest may still matter for earlier years.
Affirming the High Court, the Supreme Court held that syndicate income assessable in the hands of the AOP cannot be reassessed in members’ hands.
The Commission found prima facie human rights violations where students face dangerous daily travel due to lack of roads and transport. Authorities have been directed to inquire and report urgent remedial action within two weeks.
The case addressed GST demands raised through orders uploaded on the portal without proof of access. The Court ruled such orders were not effectively communicated. Matters were remanded after setting aside the demands, subject to partial deposit.
Automated risk alerts are delaying income-tax refunds without clear reasons. The law allows withholding only through statutory processes, not internal analytics.
Courts examine whether writ jurisdiction can override strict GST appeal timelines. Relief is possible only in rare cases of serious injustice, not as a routine bypass.
The IT Department’s “Nudge” alerts identify potentially ineligible refund claims, giving taxpayers a chance to correct errors voluntarily. Learn why these messages are sent and how to respond effectively.
