28 Jul, 2025
Why Hyundai India Got a ₹517.34 Cr GST Demand A recent GST investigation led to a tax demand on Hyundai India totalling ₹517.34 crore, including interest and penalties. This case sheds light on how input tax credit (ITC) claims, dealer incentives, and advertisement costs are scrutinised by tax authorities under the CGST law. Breakdown of […]
Read More28 Jul, 2025
GST registration misuse via Aadhaar: Bombay HC steps in In a landmark case, the Bombay High Court ordered cancellation of a GST registration obtained by misusing someone else’s Aadhaar and PAN. The judgment reaffirms the importance of identity verification in GST registration and signals tighter enforcement under KYC norms. Let’s break down what happened, what […]
Read More28 Jul, 2025
Relief Alert: Low-Value Income Tax Cases to Be Dropped Soon The low-value income tax cases pending at various appeal levels are likely to be withdrawn soon. The Central Board of Direct Taxes (CBDT) is planning a one-time relief scheme targeting small taxpayers entangled in long-pending litigation. This move aligns with earlier policy efforts to reduce […]
Read More28 Jul, 2025
GST Cancellation for Restaurants: HC Calls It Unfair In a recent judgment, the Karnataka High Court held that the GST Act is a little beyond the understanding of a common man, while setting aside the cancellation of a restaurant’s GST registration. This blog breaks down what happened, why the High Court intervened, and what it […]
Read More25 Jul, 2025
Reassessment Beyond 4 Years: What Madras HC Said The Madras High Court has reaffirmed a crucial principle under Section 147 of the Income-tax Act, 1961: if the assessee has disclosed all material facts fully and truly, any attempt to reopen assessments after 4 years is invalid—unless there’s proof of failure on the assessee’s part. In […]
Read More25 Jul, 2025
Calcutta High Court Quashes NFAC Assessment Over Denial of Hearing The Calcutta High Court has set aside an income tax assessment order by NFAC (National Faceless Assessment Centre) on grounds of denial of opportunity of hearing, despite clear directions from a coordinate bench. The Court reaffirmed the importance of natural justice in faceless assessments. This […]
Read More25 Jul, 2025
CBDT to Withdraw Low-Value Tax Cases: What’s Happening? Finance Minister Nirmala Sitharaman has instructed the Central Board of Direct Taxes (CBDT) to withdraw all low-value tax cases pending before appellate authorities within the next three months. This move is aimed at reducing litigation backlog, improving taxpayer trust, and aligning departmental focus on high-impact cases. The […]
Read More25 Jul, 2025
Updated ITR-3 Excel Utility AY 2025-26 Released: Key Changes & Tips The updated ITR-3 Excel utility for AY 2025-26 (Version 1.1) is now live on the Income Tax Department’s official portal. Taxpayers using the ITR-3 form—typically individuals and HUFs with business or professional income—must download this version to avoid errors during filing. Let’s break down […]
Read More25 Jul, 2025
Faster Dispute Resolution & Low-Value Appeal Withdrawals: What It Means for You This directive came from Finance Minister Nirmala Sitharaman during her latest review meeting with CBDT officials. The goal? Build taxpayer trust, speed up refunds, and ensure efficient policy execution. Let’s break it down for you. Why the Focus on Low-Value Appeals? Recognising this, […]
Read More25 Jul, 2025
Summary GST notices to traders have triggered panic across markets. Poor data matching, hasty actions, and lack of field-level coordination have led to a compliance fiasco that was avoidable with better ground engagement and tech integration. Introduction GST notices to traders across India have sparked confusion and backlash, especially from small and medium businesses. Within […]
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