Judgement

The ITAT Delhi held that once a transaction is covered under a binding APA under Section 92CC, the Revenue cannot disallow the same expenditure under Section 37(1), deleting the Rs 15.77 crore addition.

ITAT Deletes Rs 15.77 Crore Disallowance, Holds Business Expediency Cannot Be Reopened Under Section 37(1)

The Bombay High Court held penalty unsustainable where royalty adjustment was subsequently settled Under APA 


High Court Holds APA-Settled Royalty Claim Cannot Attract Section 270A Penalty

The ITAT Mumbai holds mere access to online communication platform does not amount to transfer of Copyright or process


ITAT Holds Slack Subscription Fees Not Taxable as Royalty Under Income Tax Act and India-Ireland DTAA

Tax Bar Association Jodhpur seeks extension of the Tax Audit Report filing deadline for AY 2026-27 from 30 September to 31 October 2026.

Tax Bar Association Jodhpur Urges Finance Ministry, CBDT to Extend Tax Audit Report Filing Deadline for AY 2026-27

The GST Portal has introduced emSigner version 3.3 to support new DSC USB dongles issued from September 21, 2026, while existing compatible tokens can continue using the earlier version.

GST Portal Rolls Out emSigner 3.3 for New DSC USB Dongles From September 21

Tax Bar Association, Jhalawar, requests CBDT to further extend the due date for filing TAR and Form 10B/10BB for the AY 2026-27, until October 31, 2026, citing practical difficulties faced by taxpayers and tax professionals. 

Tax Bar Association Urges CBDT to Extend TAR and Form 10B/10BB Due Date Extension Until October 31

Tamil Nadu AAR rules that GST paid on land survey services for land acquired to meet afforestation requirements is not eligible for Input Tax Credit (ITC).

AAR Denies GST Input Tax Credit on Land Survey Charges Incurred for Purchase of Land to Meet Afforestation Obligations

Learn how preliminary expenses are taxed under Section 35D of the Income Tax Act, including eligibility, deduction limits, and compliance requirements.

Taxation of Preliminary Expenses Under the Income Tax Act: Complete Guide to Section 35D

Learn the key capital gains tax exemptions available under the Income Tax Act to legally reduce your tax liability on the sale of property and other long-term capital assets.

Selling a Property or Asset? Know These Capital Gains Tax Exemptions

Learn how Joint Development Agreements (JDA) are taxed under the Income Tax Act, including capital gains computation, Section 45(5A), and TDS under Section 194-IC.

Taxation of Joint Development Agreements (JDA): Everything Landowners Need to Know

Received a Section 139(9) notice after filing your ITR? Understand why it was issued, how to fix the defect, and how to avoid your return being treated as invalid.

Section 139(9) Defective Return Notice: Complete Guide to Fixing Your ITR

A practical guide to claiming depreciation on business assets under Section 32 of the Income Tax Act, 1961.

Section 32 of the Income Tax Act, 1961: Depreciation on Business Assets

Income Tax

Finance

ICAI

ITAT Delhi

ITAT

Chartered Accountant

CBDT

Institute of Chartered Accountants of India

The 18% Goods and Services Tax (GST) applicable on Merchant Discount Rate (MDR) for UPI transactions exceeding Rs.2,000 can be claimed as ITC by GST-registered businesses. 


18% GST on UPI Merchant Discount Rate to Apply on Transactions Above Rs.2,000 From October 15

The Anti Evasion CGST Delhi booked a proprietor for availing, utilising and passing on inadmissible ITC without actual receipt or supply of goods


CGST Delhi Arrests Proprietor Over Fraudulent ITC Availment of Rs. 25.22 Crore 

The Delhi High Court has upheld the jurisdiction of the Common Adjudicating Authority to adjudicate composite GST Show Cause Notices issued to multiple noticees across different Commissionerates.

ITAT Deletes Rs 15.77 Crore Disallowance, Holds Business Expediency Cannot Be Reopened Under Section 37(1):

ITAT Deletes Rs 15.77 Crore Disallowance, Holds Business Expediency Cannot Be Reopened Under Section 37(1)

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