NEW INCOME TAX PENALTIES UNDER INCOME TAX ACT 2025 Based on the information from Income-tax Act, 2025, here is a comprehensive table detailing the various sections for penalties, their nature, and the corresponding amounts: Section Nature of Default / Offence Amount / Quantum of Penalty 298(2) Undisclosed income determined during a block period (search cases).… Read More »
New Income Tax Form no under New Income Tax Rules 2026 Here are the various Form Numbers and their descriptions under the Income Tax Rules 2026, Audit and Assessment Forms Form No. 6: Audit report for claiming deduction of certain preliminary expenses under section 44 or expenses for prospecting of certain minerals under section 51.… Read More »
New Section for Notices in Income Tax Act 2025 Section 171(2): Notice requiring a person who has entered into an international or specified domestic transaction to furnish information or documents during any proceeding. Section 175(7): Notice in writing to require a person to provide details of securities to discover whether income-tax has been borne in… Read More »
Video ITR filing Kab Se Start Hoga Your Queries Solved ITR filing online 2026-27 last date . ITR filing online 2026-27 after due date . ITR processing time for AY 2026-27 . How to file updated return for AY 2026-27 ITR 4 . Income tax return filing 2026-27 new update . ITR kaise… Read More »
Modification of the pecuniary limit of Additional and Joint Director of Enforcement under Notification No. S.O. 2565(E) dated 30.09.2014 MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 18th March, 2026 S.O. 1397(E).—In exercise of the powers conferred by section 50 read with sub-sections (1) and (3) of section 4 of the Foreign Exchange… Read More »
IMPORTANT GST CASE LAWS 19.03.2026 Relevant Act Section Case Law Title / Authority Brief Summary Citation CGST Act, 2017 Section 9 Halliburton Offshore Services Inc. v. Union of India Mud engineering services bundled with chemicals for oil drilling constitute a composite supply. Integration for a safe drilling outcome is the “natural bundle,” regardless of separate… Read More »
GST Penalty on Expired E-Way Bills: The “Zero-Rated” Exemption from Harsh Penalties In a major relief for exporters (March 2026), the Gujarat High Court quashed a penalty imposed for an expired E-Way Bill during the transit of export goods. The Court established that when no tax is ultimately payable (as in Zero-Rated exports), a procedural… Read More »
Appellate Orders: The Duty to Address Specific Contentions and Lab Reports In this ruling (June 2025), the High Court set aside an appellate order involving the detention of a petrochemical consignment. The court established that a GST Appellate Authority cannot simply “rubber-stamp” a lower officer’s findings; it must pass a speaking order that specifically addresses… Read More »
Provisional Attachment of Bank Accounts: The Mandatory “Reasoned Order” Requirement In this significant ruling (March 2026), the Bombay High Court quashed the provisional attachment of a real estate developer’s bank accounts. The court emphasized that Section 83 is a “draconian” power and cannot be exercised without a speaking order that specifically addresses the taxpayer’s objections.… Read More »
GST Adjudication: High Court Upholds Consolidated Notices and Limits on Personal Hearing In a major ruling for March 2026, the Telangana High Court dismissed a batch of writ petitions challenging a composite Order-in-Original (OIO) covering the period 2018-19 to 2023-24. The court ruled in favour of the Revenue, clarifying that procedural technicalities cannot be used… Read More »