ITAT Delhi quashes ₹40.94 crore penalties against Delhi Building & Other Construction Workers Welfare Board. ITAT ruled that failure to specify exact limb under Section 271(1)(c) of Income Tax Act in show-cause notice vitiates penalty proceedings taxguru.in/income-tax/ita…

Gujarat HC upholds reopening of assessment for Meghavi Minerals Pvt. Ltd. under Section 147. HC found a "live link" between information on ₹1.20 crore alleged accommodation entries & belief of escaped income, rejecting challenge to Section 148 notice. taxguru.in/income-tax/pri…

ITR Form Delays Spark Concerns for AY 2025-26! AIPC's Professionals' Congress urges FM Sitharaman to address CBDT's unprecedented delay. Taxpayers face hardship for visas, loans & businesses hit by stalled credit. #ITR taxguru.in/income-tax/itr…

Practice of clubbing multiple assessment years in GST Show Cause Notices (SCNs) is sparking debate! While some argue SCNs for multiple years are permissible, recent HC rulings (Kerala, Karnataka, Madras) emphasize separate SCNs/orders for each financial year due to distinct

MHA extends #FCRA registration validity! Entities with pending renewal applications & those expiring between July 1-Sep 30, 2025, now have validity till Sep 30, 2025, or until application disposal. Act fast: refusal means no foreign contributions! taxguru.in/corporate-law/…

Is interest/penalty waiver available for GSTR-1 vs GSTR-3B mismatches under #Section128A? A CBIC circular says no for "self-assessed" interest, but legal experts argue it's disputable for FY 2017-2019. Courts often rule statutes over circulars taxguru.in/goods-and-serv…

#BlackMoneyAct Reform Needed! KSCAA urges FM Sitharaman to overhaul the Black Money Act's harsh penalties (Sections 42 & 43). The fixed ₹10L fine is disproportionate, especially for unintentional errors or ESOPs. Proposals: 'One-Time Compliance Window', proportional penalties,

Supreme Court upholds Delhi HC ruling: No negative blocking of Electronic Credit Ledger (ECL) under Rule 86A of CGST Rules. This dismisses the appeal by GST Intelligence, reaffirming that Rule 86A cannot be used to block an ECL with a negative balance. #GST #SupremeCourt #ECL

Optimize your savings! Learn about top income tax deductions like Section 80C, 80D, HRA, & more. File your ITR online easily in 2025 to reduce your tax bill. Don't miss out on maximizing your refund! #IncomeTax #TaxSavings #ITRFiling  taxguru.in/income-tax/boo…

A 2-second delay in ITR filing due to technical glitches is condonable, ruled ITAT Pune. They allowed carry forward business loss, stating that such minor delays from website issues/rush shouldn't penalize taxpayers. Similar past rulings support this. taxguru.in/income-tax/del…

CBDT has released Notification No. 70/2025 – Income-Tax, updating the Cost Inflation Index (CII) to 376 for FY 2025-26. #IncomeTax #CBDT #CII taxguru.in/income-tax/cos…

Nagpur Bench of Bombay HC flags serious misuse of Section 498A IPC by wives to settle personal scores against husband's family. Quashed proceedings against relatives, stressing lack of specific evidence. Calls for caution against generalized accusations in matrimonial disputes.

Are lawyers liable for GST registration? Generally, no, if their services primarily fall under RCM, where recipient pays GST. However, exceptions apply for inter-state services, voluntary registration for ITC, or if turnover exceeds limits. taxguru.in/goods-and-serv…

Allahabad HC rules goods can't be detained & penalized under GST if an e-way bill glitch occurs without intent of tax evasion. Crucially, if e-way bill is generated before detention & goods are stock transfer (not for sale), orders are unsustainable. taxguru.in/goods-and-serv…

July 2025 Compliance Alert! Key deadlines for GST (GSTR-1, 3B, etc. by July 10-24), ESI/PF (July 15), FEMA (ECB, FLA by July 9/15), and Income Tax (TDS/TCS by July 7/15/30-31). Big MCA21 V3 portal update from July 14, including new e-filing for AOC forms & Board's Report changes

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Filers, non-filers, even cancelled taxpayers – all got the same GSTR-3A notice yesterday. “Ignore if filed,” they say… but why send it at all? 🫠 One SMS, many heart attacks. GST journey = 🤌 hits & 🤯 misses!

#TDS & #TCS compliance is key for businesses & individuals in India. Common failures like late deduction/deposit & inaccurate reporting lead to hefty interest, penalties (₹200/day, up to ₹1L), disallowance of expenses (30-100%), & even prosecution. taxguru.in/income-tax/tds…

Under GST Normal services have a 30-day invoice rule, but Continuous Supply of Services (CSS) is tricky! For CSS, invoice timing dictates ToS: Due dates: Invoice by due date No due dates: Invoice on/before payment Event-based: Invoice by event completion taxguru.in/goods-and-serv…

Allahabad HC: No CGST Section 129(3) penalty on stock transfers, even with HSN code discrepancies. HC stated that since stock transfers don't incur tax liability, there's no intent to evade tax. Any deposited penalty will be refunded #GST #StockTransfer taxguru.in/corporate-law/…