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 […]
ITR Filing FAQs for Tax Year 2026-27
Quick Reference Box Filing Period Governing Act ITR Form FY 2025-26 / AY 2026-27 IT Act 1961 Old ITR forms (ITR-1 to ITR-7) Tax Year 2026-27 (income from April 2026) IT Act 2025 New forms (notified under IT Rules 2026) Non-audit individual due date (AY 2026-27) IT Act 1961 31 July 2026 Audit case due […]