Read more at:https://economictimes.indiatimes.com/wealth/tax/no-input-tax-credit-for-the-innocent-buyer-after-paying-gst-supreme-court-settles-who-bears-the-cost-when-a-supplier-defaults/articleshow/132762247.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst https://economictimes.indiatimes.com/wealth/tax/no-input-tax-credit-for-the-innocent-buyer-after-paying-gst-supreme-court-settles-who-bears-the-cost-when-a-supplier-defaults/articleshow/132762247.cms On 24 July 2026, the Supreme Court brought a long-running constitutional battle close to an end. Dismissing a batch of special
Author: Anil R Tikotekar
Man was denied Section 54F income tax exemption as builder delayed villa construction by 4 years; Telangana HC grants relief, says taxpayer can’t suffer for builder’s fault
Read more at:https://economictimes.indiatimes.com/wealth/tax/man-was-denied-section-54f-income-tax-exemption-as-builder-delayed-villa-construction-by-4-years-telangana-hc-grants-relief-says-taxpayer-cant-suffer-for-builders-fault/articleshow/132787026.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Mr Mettu from Hyderabad, along with 45 others owned 4.505 acres of land in Serlingampally Mandal, Rangareddy district, and they decided to sign
Delhi ITAT Quashes Reassessment for Mechanical Approval Under Section 151
Read more at: https://taxguru.in/income-tax/delhi-itat-quashes-reassessment-mechanical-approval-section-151.html?utm_source=follow.it Copyright © Taxguru.in The Delhi ITAT quashed the reassessment proceedings initiated under sections 147/148, holding that the mandatory approval under section 151 was granted in
Delhi ITAT Quashes Assessment for No Fresh Section 143(2) Notice After Jurisdiction Change
Read more at: https://taxguru.in/income-tax/delhi-itat-quashes-assessment-no-fresh-section-143-2-notice-jurisdiction-change.html?utm_source=follow.it Copyright © Taxguru.in The Delhi ITAT quashed the assessment framed under section 143(3), holding that the successor Assessing Officer, who completed the assessment after
Delhi ITAT Quashes Reassessment for Granting Less Than Mandatory Seven Days’ Time Under Section 148A(b)
https://taxguru.in/income-tax/delhi-itat-quashes-reassessment-granting-less-mandatory-days-time-section-148a.html?utm_source=follow.it The Delhi ITAT quashed the reassessment proceedings, holding that the notice issued under section 148A(b) was invalid as it granted the assessee less than the mandatory minimum
Pune ITAT Remands Capital Gains and Section 54F Dispute for Fresh Verification
Read more at: https://taxguru.in/income-tax/pune-itat-remands-capital-gains-section-54f-dispute-fresh-verification.html?utm_source=follow.it Copyright © Taxguru.in Sanjay Baburao Parab Vs ITO (ITAT Pune) The assessee appealed against the order of the Commissioner of Income Tax
180-Day Payment Condition under GST
Read more at: https://taxguru.in/goods-and-service-tax/180-day-payment-condition-gst.html?utm_source=follow.it Copyright © Taxguru.in The article explains the 180-day payment condition for Input Tax Credit (ITC) under the second proviso to Section 16(2)
Useful information regarding income tax return filing in case of deceased person–Article courtesy BS
Axis Bank loses Delhi couple’s original property papers submitted for home loan; here’s how they won Rs 15.5 lakh compensation
Read more at:https://economictimes.indiatimes.com/wealth/legal/will/axis-bank-loses-delhi-couples-original-property-papers-submitted-for-home-loan-heres-how-they-won-rs-15-5-lakh-compensation/articleshow/132728095.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst What would you do if you close your home loan, and later find out that the bank has misplaced your original property
Rs 1,000 or Rs 5,000 late filing fee for missing ITR filing deadline of July 31? How much fine you may need to pay and why
Read more at:https://economictimes.indiatimes.com/wealth/tax/income-tax-itr-filing-deadline-of-july-31-2026-fy-25-26-penalty-for-missing-due-date-explained-under-2025-act/articleshow/132739647.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst The July 31, 2026, deadline for filing income tax returns is crucial for salaried individuals, pensioners, students and other taxpayers who are
*****Not prepared for ITR filing: Should you file your ITR now with available information or wait and file a belated ITR?
Read more at:https://economictimes.indiatimes.com/wealth/tax/not-prepared-for-itr-filing-should-you-file-your-itr-now-with-available-information-or-wait-and-file-a-belated-itr/articleshow/132757221.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst July 31, 2026 is the due date to file income tax return (ITR) by salaried individuals, pensioners, students and other taxpayers who are not
What if you miss the July 31, 2026 ITR filing due date? Here are your options
Read more at:https://economictimes.indiatimes.com/wealth/tax/what-if-you-miss-the-july-31-2026-itr-filing-due-date-here-are-your-options/articleshow/132757497.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst July 31, 2026 is the due date to file income tax return (ITR) by salaried, pensioners, students and other taxpayers who are
Don’t worry if you miss July 31, 2026 ITR filing due date as belated ITR with late fee can be filed by this date; Know who can file it
Read more at:https://economictimes.indiatimes.com/wealth/tax/itr-income-tax-return-filing-deadline-july-31-2026-for-fy-2526-belated-updated-revised-options-if-you-miss-due-date/articleshow/132757993.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Synopsis ITR filing deadline: Missing the July 31 income tax filing deadline allows for belated returns. Taxpayers can file a belated return
Reporting perquisite as capital gain in ITR by mistake resulted in Rs 6.63 crore penalty for a salaried employee; ITAT Mumbai granted him relief for this reason
Read more at:https://economictimes.indiatimes.com/wealth/tax/reporting-perquisite-as-capital-gain-in-itr-by-mistake-resulted-in-rs-6-63-crore-penalty-for-a-salaried-employee-itat-mumbai-granted-him-relief-for-this-reason/articleshow/132761546.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Mr Krishnan from Dr. Annie Besant Road, in Worli, Mumbai used to work for a major USA-based company. During AY 2020-21, Krishnan