Tax & Legal Articles
Expert analysis and insights on Indian taxation and corporate law
Income Tax
Denial of Section 115BAA Benefit on Technical Grounds: High Court Allows Relief for Delayed Form 10-IC Filing
Summary The Gujarat High Court's decision in Surat Smart City Development Limited Vs PCIT represents a significant affirmation of equitable tax administration principles. The Court allowed relief to a...
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GST
Union Budget 2026: Comprehensive Analysis of Indirect Tax Reforms in GST, Customs and Central Excise
Feb 4, 2026
Corporate Law
Draft Regulations for Occupational Safety, Health and Working Environment in Coal Mining Operations 2026: Complete Regulatory Framework Analysis
Feb 4, 2026
Company Law
ROC Mumbai Levies Penalty for Erroneous AGM Date Entry in Annual Return Form MGT-7
Feb 3, 2026
Customs
Classification of Clutch Actuator Components: CESTAT Rules on Proper Tariff Entry for Automotive Transmission Parts
Feb 4, 2026
Latest Updates
United States' Proposed Global Peace Board Initiative: Implications for India's Strategic Sovereignty and Economic Independence
ITAT Rajkot Sets Aside Interest Disallowance Under Section 40(a)(ia) for NBFC Payments - Verification of Payee's Tax Compliance Required
Updated framework on exits and withdrawals under National Pension System: Practical guide to PFRDA Regulations 2015
Critical High Court Judgments Under GST: Essential Insights on Section 74, ITC, Penalties, and Procedural Safeguards
Classification of LED Drivers Under Customs Tariff: Static Converters or Lamp Parts? CAAR Mumbai Analysis
ITAT Visakhapatnam Rules First Appellate Authority Must Adjudicate Appeals on Merit Despite Assessee Non-Cooperation – Section 69A Addition Case Sent Back
Corporate Law
Feb 4
Draft Regulations for Occupational Safety, Health and Working Environment in Coal Mining Operations 2026: Complete Regulatory Framework Analysis
Summary The draft Occupational Safety, Health and Working Conditions (Coal Mines) Regulations, 2026 ...
Customs
Feb 4
Classification of Clutch Actuator Components: CESTAT Rules on Proper Tariff Entry for Automotive Transmission Parts
Summary The CESTAT Chennai delivered an authoritative ruling resolving the classification controvers...
GST
Feb 4
Union Budget 2026: Comprehensive Analysis of Indirect Tax Reforms in GST, Customs and Central Excise
Summary The Union Budget 2026 presents a comprehensive and progressive indirect tax reform agenda sp...
Income Tax
Feb 4
Denial of Section 115BAA Benefit on Technical Grounds: High Court Allows Relief for Delayed Form 10-IC Filing
Summary The Gujarat High Court's decision in Surat Smart City Development Limited Vs PCIT represents...
Income Tax
Feb 4
ITAT Rajkot Sets Aside Interest Disallowance Under Section 40(a)(ia) for NBFC Payments - Verification of Payee's Tax Compliance Required
Summary The ITAT Rajkot's decision in Servewell Household Appliance Vs ITO represents an important p...
Corporate Law
Feb 4
Updated framework on exits and withdrawals under National Pension System: Practical guide to PFRDA Regulations 2015
Summary
The Pension Fund Regulatory and Development Authority (Exits and Withdrawals under the Na...
GST
Feb 4
Critical High Court Judgments Under GST: Essential Insights on Section 74, ITC, Penalties, and Procedural Safeguards
Summary The GST legal landscape continues evolving through significant High Court interventions that...
Customs
Feb 4
Classification of LED Drivers Under Customs Tariff: Static Converters or Lamp Parts? CAAR Mumbai Analysis
Summary The Customs Authority for Advance Rulings, Mumbai, in In re IDH Solutions Private Limited (C...
Income Tax
Feb 4
ITAT Visakhapatnam Rules First Appellate Authority Must Adjudicate Appeals on Merit Despite Assessee Non-Cooperation – Section 69A Addition Case Sent Back
Summary The ITAT Visakhapatnam has delivered an important ruling clarifying that the Commissioner of...
Income Tax
Feb 4
ITAT Patna Sets Aside Arbitrary Valuation: MVR-Based Property Costing Must be Verified Before Rejection
Summary The Patna ITAT's decision in Gyasuddin Mohammad Ansari Vs ITO represents a significant affir...
Customs
Feb 4
Tariff Classification of Decorative PVC/PS Wall Panels: Why They Fall Under Heading 3921, Not 3925
Summary
The ruling in In re Pooja Rice Industries (CAAR Delhi) clarifies that decorative interior...
Income Tax
Feb 4
Union Budget 2026-27: Detailed Review of Fiscal Strategy, Markets and Sector-Wise Impact
Summary
Union Budget 2026-27 marks a strategic departure from short-term stimulus towards a long-...
Income Tax
Feb 4
ITAT Chandigarh on Search Assessments: Only Net Profit on Unrecorded Liquor Cash Receipts Taxable, Not Entire Receipts or Resulting Investments
Summary The ITAT Chandigarh has laid down an important benchmark for search-based assessments in bus...
Income Tax
Feb 4
Section 11 exemption cannot be knocked off at 143(1) stage merely for late Form 10B: ITAT Patna
Summary
The ITAT Patna (DB Bench, virtual court at Kolkata) has reaffirmed that the requirement t...
Corporate Law
Feb 4
FSSAI Expands Network of Recognized Food Testing Laboratories with January 2026 Amendment
Summary The Food Safety and Standards Authority of India's notification dated 28 January 2026 brings...
Income Tax
Feb 4
DTAA Overrides on DDT, APA-Linked Interest and TDS Credit: Key Takeaways from Sophos Technologies Private Limited Vs DCIT (ITAT Ahmedabad)
Summary The decision in Sophos Technologies Private Limited Vs DCIT (ITAT Ahmedabad) solidifies two ...
Income Tax
Feb 4
Union Budget 2026: Comprehensive Analysis of Proposed Direct Tax Reforms and the New Income Tax Act 2025
Summary The Union Budget 2026 represents a bold step towards simplifying the direct tax code with th...
Income Tax
Feb 4
Time limit for issuing Section 148 notice restricted to 3 years where alleged escapement is below Rs. 50 lakhs
Summary The ITAT Hyderabad, in Vatti Prakash Reddy Vs ITO, has laid down two important propositions....
Income Tax
Feb 4
Gujarat High Court condones delay in Form 10-ID filing caused by income-tax portal glitches
Summary The Gujarat High Court in Royal Led Equipments Pvt. Ltd. Vs Chief Commissioner of Income Tax...
Income Tax
Feb 4
Union Budget 2026: Comprehensive Analysis of Proposed Direct Tax Amendments and Finance Bill Highlights
Summary The Finance Bill, 2026, represents a strategic effort to modernize the Indian tax code. By a...
Corporate Law
Feb 4
**RBI Drafts Unified 2026 Framework for Resolution of Natural Calamity Stressed Assets: A Comprehensive Guide for Lenders and Borrowers**
Summary The RBI's draft guidelines for 2026 represent a significant modernization of the disaster re...
Income Tax
Feb 4
Comprehensive Guide to the Foreign Assets of Small Taxpayers Disclosure Scheme, 2026: Amnesty and Compliance
Summary The Foreign Assets of Small Taxpayers Disclosure Scheme, 2026, introduced in the Union Budge...
Customs
Feb 4
Budget 2026: Comprehensive Guide to New Customs Baggage Rules, E-Commerce Reforms, and Trade Facilitation Measures
Summary The Budget 2026 Customs reforms represent a significant leap towards a facilitator-based cus...
Income Tax
Feb 4
Delhi High Court Confirms Section 143(1) Disallowance for Delayed Employee PF/ESI Contributions Post-Checkmate Ruling
Summary The judgment in Woodland (Aero Club) Private Limited Vs ACIT serves as a critical affirmatio...
Corporate Law
Feb 4
DRAT Mumbai Rules SARFAESI Proceedings Invalid for Debts Previously Rejected under Co-operative Societies Act
Summary The ruling in Perfect Foundation & Construction Company Vs Saraswat Co-operative Bank Ltd se...
Income Tax
Feb 4
RBI instructs agency bank branches handling government business to operate on March 31, 2026 public holiday
Summary The Reserve Bank of India, via circular RBI/2025-26/204 DoR.CO.SOG(Leg) No.401/09.08.024/202...
GST
Feb 4
Karnataka HC Mandates Pre-Decisional Hearing and Independent Reasoning for Blocking ECL under Rule 86A
Summary The Karnataka High Court, in the case of RDTMT Steels (India) Private Limited Vs Assistant C...
Income Tax
Feb 4
Ahmedabad ITAT: Cash Sales Justify Demonetization Deposits; Partner Capital Not Taxable in Firm's Hands
Summary The ITAT Ahmedabad has delivered a decisive verdict in favor of the assessee for AY 2017-18....
Income Tax
Feb 4
ITAT Ahmedabad Ruling: Section 11 Exemption Valid Despite Delayed Filing of Form 10B Audit Report
Summary The ruling in ITO Vs Laxmanarayan Dev reinforces the principle that procedural requirements ...
GST
Feb 3
GST Recovery Powers Under Section 79: When Can Authorities Attach Funds Transferred by Clerical Error?
Summary The Calcutta High Court's ruling in Jai Balaji Industries Limited & Anr. v. Assistant Commis...
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