Clipped from: https://economictimes.indiatimes.com/wealth/tax/dubai-based-taxpayer-gets-i-t-notice-for-unexplained-investment-in-rs-2-crore-mumbai-property-he-fights-back-and-gets-relief-from-itat-mumbai/articleshow/125958976.cms On November 14, 2025, Mr. Ostwal won his income tax case at ITAT Mumbai, as the tribunal deleted Rs 2 crore addition to
Day: January 19, 2026
*******NRI property sellers lose lakhs to TDS delays; why Budget 2026 must step in to simplify the tax rules – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/nri-property-sellers-lose-lakhs-to-tds-delays-why-budget-2026-must-step-in-to-simplify-the-tax-rules/articleshow/126666575.cms The current tax regulations around sale of property are quite complex, leading to significant fund blockage for non-resident Indians (NRIs) who are selling property. A
*******Reassessment Invalid Without Section 143(2) After Return u/s 148: ITAT Pune
lipped from: https://taxguru.in/income-tax/reassessment-invalid-section-143-2-return-u-s-148.html Bharat Kantilal Chengede Vs ITO (ITAT Pune) Reassessment Quashed for Non-Issue of Section 143(2) Notice Despite Belated Return Filed u/s 148- Pune Trib
Adjudication Beyond SCN: Violation of Section 75(7) of CGST Act, 2017
lipped from: https://taxguru.in/goods-and-service-tax/adjudication-show-notice-violation-section-75-7-cgst-act-2017.html Adjudication Beyond Show Cause Notice: Violation of Section 75(7) of the CGST Act, 2017 Introduction: Statutory restriction on adjudication Section 75(7) of the
*******Appeal Dismissal for Non-Prosecution Invalid When Notices Sent to Wrong Email Address
Clipped from: https://taxguru.in/income-tax/appeal-dismissal-non-prosecution-invalid-notices-wrong-email-address.html Veenus Jewellars Vs ITO (ITAT Hyderabad) Failure to Follow Specified Mode of Communication Invalidates Dismissal for Non-Prosecution: ITAT Hyderabad The ITAT Hyderabad condoned a
All About ITC Denial to Purchasers Due to Supplier’s Tax Default
Clipped from: https://taxguru.in/goods-and-service-tax/itc-denial-purchasers-due-suppliers-tax-default.html Author’s Note As we saw, most purchasers were penalised due to the supplier’s default. Sometimes suppliers forget to pay tax, and other times
GST Appeal Pre-Deposit Can Be Paid Using Input Tax Credit: SC
Clipped from: https://taxguru.in/goods-and-service-tax/gst-appeal-pre-deposit-paid-input-tax-credit-sc.html Yasho Industries v. Union of India (Use of Electronic Credit Ledger for GST Appeal Pre-Deposit) The Supreme Court’s decision in Yasho Industries v. Union of
Wages under New Wage Code (CoSS 2020): ESIC Applicability & Key Nuances
Clipped from: https://taxguru.in/corporate-law/wages-wage-code-coss-2020-esic-applicability-key-nuances.html Understanding “Wages” under the New Wage Code (CoSS 2020) ESIC Applicability, Definition & Critical Nuances Every Employer Must Know With the implementation of
ITC Reversal Fails When GST Registration Cancellation Is Set Aside: AP HC
Clipped from: https://taxguru.in/goods-and-service-tax/itc-reversal-fails-gst-registration-cancellation-set-ap-hc.html Summary: In a practical and taxpayer-friendly ruling, the Andhra Pradesh High Court held that input tax credit (ITC) reversal under Section 29(5) of the
*Nominee vs. legal heir: who is legally entitled to funds? – The HinduBusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/nominee-vs-legal-heir-who-is-legally-entitled-to-funds/article70521768.ece If a nominee has been appointed for a bank account, the bank may release funds to the nominee; however, ownership of those funds
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