Insights & Resources

CBDT releases updated FAQs for the DTVSV Scheme, addressing ambiguities and extending the deadline for determining payable amounts.

The Bombay High Court quashes reassessment proceedings, highlighting that reopening assessments without fresh evidence is unlawful.

This case clarifies the interplay between LTCG exemptions under Section 10(38) and MAT computations under Section 115JB of the IT Act.

The Delhi HC clarifies that telecom towers are movable property under GST, affirming ITC eligibility and rejecting immovability claims.

The Delhi HC quashes reassessment notices, reinforcing statutory time limits under the Income-tax Act and clarifying procedural safeguards.

The Karnataka High Court voided GST proceedings, citing jurisdictional lapses and improper officer actions, reinforcing procedural integrity

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.

Delhi High Court upholds taxpayer rights under the DTVSV Act, clarifying the autonomy to settle specific disputes without Revenue compulsion

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 reviews the deductibility of losses on inter-corporate deposits, emphasising statutory compliance and evidentiary support.

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.