M/s HERO MOTOCORP LIMITED v. UNION OF INDIA & ORS – RAJASTHAN HIGH COURT
High Court, Rajasthan Pankaj Bhandari, Justice & Ganesh Ram Meena, Justice M/s HERO MOTOCORP LIMITED v. UNION OF INDIA & ORS D. B. CIVIL WRIT PETITION No. 13738/2024 dated 27.08.2024 Law : GST Act Name : Central Goods & Services Tax Act, 2017 Relevant Section : Section 73, 74 & 75 Decision : In favour of revenue Notice imposing […]
M/s BHAGWATI COLLECTION & HANDLOOM v. THE STATE OF RAJASTHAN & ORS – RAJASTHAN HIGH COURT
High Court, Rajasthan Sandeep Mehta, Justice & Nupur Bhati, Justice M/s BHAGWATI COLLECTION & HANDLOOM v. THE STATE OF RAJASTHAN & ORS D.B. CIVIL WRIT PETITION No. 280/2023 dated 03.02.2023 Law : GST Act Name : Central Goods & Service Tax Act, 2017 Decision : In favour of assessee GST Registration Cancellation – Covid-Induced Financial Hardship – The […]
RAMDEV AGRO AGENCY v. UNION OF INDIA & ORS – RAJASTHAN HIGH COURT
High Court, Rajasthan Manindra Mohan Shrivastava, Chief Justice & Munnuri Laxman, Justice RAMDEV AGRO AGENCY v. UNION OF INDIA & ORS D.B. CIVIL WRIT PETITION No. 4036/2024 dated 09.05.2024 Law : GST Act Name : Central Goods & Services Tax Act, 2017 Decision : In favour of revenue Levy of GST on Royalty – The court held that […]
M/s UNIDOR INDUSTRIES & ORS v. UNION OF INDIA & ORS – RAJASTHAN HIGH COURT
High Court, Rajasthan Avneesh Jhingan, Justice & Bhuwan Goyal, Justice M/s UNIDOR INDUSTRIES & ORS v. UNION OF INDIA & ORS D.B. CIVIL WRIT PETITION No. 18792/2018 dated 03.05.2024 Law : GST Act Name : Central Goods & Services Tax Act, 2017 Relevant Section : Section 73 & 74 Decision : In favour of assessee Recovery of the amount […]
KISHOR KUMAR MOOLANI v. STATE OF RAJASTHAN & ORS – RAJASTHAN HIGH COURT
High Court, Rajasthan Maneesh Sharma, Justice KISHOR KUMAR MOOLANI v. STATE OF RAJASTHAN & ORS S.B. CRIMINAL MISCELLANEOUS BAIL APPLICATION No. 7338/2025 dated 18.06.2025 Law : GST Act Name : Central Goods & Services Tax Act, 2017 Relevant Section : Section 132 Decision : In favour of assessee Bail application – Tax evasion – Bogus supply – Judicial custody […]
INCOME TAX ACT 2025
CHAPTER I: Preliminary Section 1: Title, Extent & Commencement Name: This law is called the Income-tax Act. Coverage: It applies across all of India. Effective Date: Unless stated otherwise, it will begin on 1st April 2026. Section 2: Key Definitions Roles & Authorities Accountant: Defined in section 515(3)(b). Additional Commissioner/Director: Senior tax officials appointed under […]
Penalty and Compliance FAQs for Professionals
Quick Reference Box Default Penalty / Consequence Section Under-reporting of income 50% of tax on under-reported income 270A Misreporting of income 200% of tax on under-reported income 270A(9) Cash loan above ₹20,000 received 100% of amount received 271D Cash loan above ₹20,000 repaid 100% of amount repaid 271E Cash receipt above ₹2 lakh 100% of […]
Assessment and Notice FAQs for Professionals
Quick Reference Box Notice Type Section Time Limit for Reply Governing Act Reassessment show-cause 148A(b) 7–30 days IT Act 1961 (old AYs) Scrutiny selection 143(2) As specified IT Act 1961 / IT Act 2025 Information demand 142(1) As specified (usually 15–30 days) Governing Act for that AY Third-party information 133(6) As specified Governing Act for […]
Capital Gains FAQs for Tax Year 2026-27
Quick Reference Box Asset Holding Period (LTCG) LTCG Rate STCG Rate Listed equity / equity MF 12 months 12.5% (gains > ₹1.25 lakh) 20% Property (sold after 23 July 2024) 24 months 12.5% (no indexation) Slab rate Property (purchased before 23 July 2024) 24 months Lower of: 12.5% (no indexation) OR 20% (with indexation) Slab […]
TDS FAQs for Deductors and Deductees
Quick Reference Box TDS Parameter Details Monthly deposit deadline 7th of following month (30 April for March) Q1 return (Apr–Jun 2026) 15 July 2026 Q2 return (Jul–Sep 2026) 15 October 2026 Q3 return (Oct–Dec 2026) 15 January 2027 Q4 return (Jan–Mar 2027) 15 May 2027 Form 130 (salary TDS certificate) By 15 June 2027 for […]