Insights & Resources

ITAT rules Bitcoin gains as capital assets, taxable under capital gains, not other income, pre-A.Y. 2022-23.

CBDT amends 2024 Safe Harbour Rules, extending coverage for foreign companies selling raw diamonds in Special Notified Zones.

Tax amnesty schemes address tax evasion by resolving disputes, boosting compliance, and generating revenue while balancing fairness.

Delhi HC clarifies interplay between ss. 153C and 147, ensuring reassessment integrity while balancing procedural and jurisdictional powers.

The ITAT Special Bench clarifies that HO-PE transactions are subject to arm's length pricing under TP laws, ensuring compliance.

The Delhi HC invalidated reassessment notices under s.148, citing a lack of fresh evidence and reiterating fairness in tax governance.

The ITAT clarifies that partnership-to-company conversions are tax-neutral under Section 47(xiii) if statutory conditions are fully met.

ITAT Mumbai quashes reassessment based on incorrect facts, underscoring legal standards for tangible evidence under the IT Act.

CBIC clarifies Section 128A of the CGST Act, detailing waiver eligibility, procedures, and guidelines for resolving tax demands efficiently.

The Kerala High Court invalidated GST Rule 96(10), which protected exporters' rights to IGST refunds on zero-rated supplies and en fairness.

CBIC clarifies 'as is, where is basis' for GST rate regularisation, offering relief to taxpayers while ensuring fairness in compliance.

CBIC clarifies GST on services like education, transport, utilities; streamlines compliance, reduces ambiguities, and regularises payments.

The Supreme Court's ruling resolves the interplay between TOLA, FA21, and the IT Act, clarifying reassessment timelines and procedures.

The ITAT ruled that the CBDT Circular is prospective, rejecting Revenue’s bid for retrospective application in cases predating its issuance

The Supreme Court upholds CGST Act limits on ITC claims for construction, balancing tax neutrality with legislative intent in fiscal policy.

The Delhi High Court emphasised that PCIT must independently apply their mind while approving reassessments, rejecting mechanical approvals.

Delhi HC rules that employers cannot hold employees liable for TDS non-deposit, citing s. 205 of the Income-tax Act, 1961.

The Allahabad High Court quashed an SCN under section 74 of the CGST Act, citing a lack of fraud, misstatement, or suppression allegations.

The Bombay HC ruled that IP acquisitions involving foreign entities are taxable in India, emphasising territoriality and statutory remedies.

Explore key legal routes and hurdles in claiming GST refunds, ensuring smooth business operations and compliance.