23 May, 2025
India’s Economy Likely Grew 6.4–7.2% in Q4 FY25 India’s economy is projected to have expanded between 6.4% and 7.2% in Q4 FY25, according to early government estimates and expert analyses. This marks another strong quarter driven by manufacturing gains, government capex, and resilient services—despite global headwinds. Key Drivers of Q4 FY25 GDP Growth What Official […]
Read More23 May, 2025
GST Return Non-Filing Penalty Supreme Court Confirms Strict Action The Supreme Court has ruled that penalties imposed for non-filing of GST returns and non-payment of taxes are legally valid, strengthening the government’s crackdown on non-compliance under GST. This decision sets a clear precedent for all taxpayers and businesses to ensure timely filing of GSTR-3B, GSTR-1, […]
Read More23 May, 2025
Refund Claim Time-Barred What CESTAT’s Latest Order Means for You In a recent order, the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) dismissed a taxpayer’s appeal by upholding the department’s rejection of a refund claim as time-barred under Section 102 of the Finance Act. This case brings fresh clarity to the binding nature of […]
Read More23 May, 2025
Summary The Delhi High Court held that CPC cannot repeatedly issue rectified intimations under Section 143(1)(a) of the Income Tax Act. Once a response is considered, repeated reprocessing is impermissible. What Delhi HC Ruled on Repeated Rectifications Under Section 143(1)(a) The Delhi High Court has made it clear: the Centralised Processing Centre (CPC) cannot repeatedly […]
Read More23 May, 2025
CBDT Circular on Tax Effect Delhi HC Clarifies Losses Can’t Be Included In a significant ruling, the Delhi High Court has held that losses of previous assessment years should not be included while computing the “tax effect” under CBDT Circulars for filing appeals before Income Tax Appellate Tribunal (ITAT). This decision reinforces judicial clarity and […]
Read More23 May, 2025
Intro Paragraph:Customs Act remedy was central to the Madhya Pradesh High Court’s decision rejecting multiple writ petitions by private warehouse operators. The Court held that statutory remedies under the Customs Act must be exhausted before invoking writ jurisdiction—a significant reminder for importers, CHA agents, and bonded warehouse license holders. Why the Case Matters for Warehouse […]
Read More23 May, 2025
GST Rate Restructure 2025 What It Means for You India’s tax system may be on the brink of a major overhaul. GST rate restructure 2025 is back in focus as the government initiates new high-level talks aimed at simplifying the current slab system. For Indian taxpayers and business owners, this could bring both relief and […]
Read More23 May, 2025
IntroductionGameskraft GST case continues to dominate headlines as the Supreme Court hears Day 12 arguments. On 22 May 2025, the senior counsel for online gaming companies strongly argued that there was no fraud, suppression, or misrepresentation involved. Until 2023, the government itself treated online gaming as a “service”, not a supply of actionable claims. This […]
Read More23 May, 2025
Arjun Rampal Income Tax Case Bombay HC Cancels Non-Bailable Warrant The Bombay High Court has quashed the non-bailable warrant (NBW) issued against actor Arjun Rampal in an income tax prosecution case, citing procedural irregularities and a lack of intent to evade trial. This case offers valuable insights into the legal safeguards available to taxpayers during […]
Read More23 May, 2025
Don’t File Your ITR Blindly — Do These 2 Checks First Filing your income tax return (ITR) for AY 2025–26? Here’s an ITR filing warning every taxpayer must know: if you skip two crucial checks before submitting your return, you might end up with no refund—or worse, a notice from the Income Tax Department. Let’s […]
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