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All (66) Company Law (8) GST (33) Income Tax (25)

Income Tax

Key Takeaways: Revenue appeal arising from the section 263 order held not maintainable where the tax effect is below the Rs 2 crore ...

By Goyal Raj Kumar & Associates 27 Apr 2026 2 min read

In a noteworthy ruling, the Delhi High Court in the case of Principal Commissioner of Income-tax v. Nivesh Group has clarified the applicability of monetary limits prescribed for filing departmental a...

#income tax #case law

Income Tax

Key Takeaways: Reduction of share capital via buy-back cannot be treated as property acquisition under Sec 56(2)(x)

By Goyal Raj Kumar & Associates 27 Apr 2026 2 min read

In a significant ruling, the Delhi High Court in the case of Principal Commissioner of Income-tax v. Globe Capital Market Ltd. has held that buy-back of shares cannot be treated as acquisition of...

#income tax #case law

GST

GST Update: IMS Offline Tool Now Available for Bulk Invoice Actions

By Goyal Raj Kumar & Associates 23 Apr 2026 2 min read

The Goods and Services Tax Network (GSTN) has introduced an Excel-based IMS Offline Tool on the GST portal to simplify invoice management and improve efficiency for taxpayers dealing with large v...

#gst #tax update

Company Law

MCA Notifies Revised Fees for DIR-3 KYC Web Filing

By Goyal Raj Kumar & Associates 23 Apr 2026 2 min read

The Ministry of Corporate Affairs (MCA) has issued Notification No. G.S.R. 300(E) dated 21 April 2026, amending the Companies (Registration Offices and Fees) Rules, 2014. The amendment revises th...

#company law #tax update

Company Law

MCA Issues FAQs on Companies Compliance Facilitation Scheme, 2026

By Goyal Raj Kumar & Associates 23 Apr 2026 3 min read

The Ministry of Corporate Affairs (MCA) has released FAQs on the Companies Compliance Facilitation Scheme, 2026 (CCFS-2026) to provide clarity on its scope, benefits, and practical implementation...

#company law #tax update

GST

Key Takeaways: Writ not maintainable once GSTAT functional; appeal to be filed with pre-deposit within notified timeline

By Goyal Raj Kumar & Associates 20 Apr 2026 2 min read

The Orissa High Court has clarified an important procedural aspect under GST law regarding the availability of writ remedies when appellate forums become operational. The ruling highlights the importa...

#gst #case law

GST

Upcoming Deadline: Summary of Goods sent to / received from a job - worker - Those with AATO more than Rs.5 crore - Half-yearly from October 25 - March, 26 due on 25th April, 26. — Due 25 Apr 2026

By Goyal Raj Kumar & Associates 20 Apr 2026 2 min read

GST compliance for businesses engaged in job work includes periodic reporting of goods sent to and received from job workers. One key requirement is filing Form ITC-04, especially for taxpayers w...

#gst #deadline #compliance

Income Tax

CBDT Issues Corrigendum to Income-tax Rules 2026

By Goyal Raj Kumar & Associates 20 Apr 2026 2 min read

The Central Board of Direct Taxes (CBDT) has issued a corrigendum to the Income-tax Rules, 2026 to rectify drafting and reference inconsistencies. This update aims to improve clarity and ensure unifor...

#income tax #tax update

GST

Key Takeaways: Appeal delay in registration cancellation - SLP dismissed as infructuous; limitation issue open.

By Goyal Raj Kumar & Associates 19 Apr 2026 2 min read

The Supreme Court has recently addressed an important procedural issue relating to delay in filing appeals against GST registration cancellation. While the case was disposed of as infructuous, the Cou...

#gst #case law

GST

Upcoming Deadline: Summary of outward taxable supplies and tax payable by a person supplying OIDAR services — Due 20 Apr 2026

By Goyal Raj Kumar & Associates 17 Apr 2026 2 min read

With the growth of digital services, compliance for Online Information and Database Access or Retrieval (OIDAR) service providers has become increasingly significant under GST. Non-resident service pr...

#gst #deadline #compliance

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