Companies Compliance Facilitation Scheme 2026 extended till 15th September
CCFS 2026 Extension 15th September 2026 The Ministry of Corporate Affairs has extended the...
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Author: The Tax Herald
ITAT quashes CIT (Appeals) order on suo motu enhancement of the additions citing non-issue of Show Cause Notice under Sec.251(2) procedure.
ITAT Agra has held that the CIT(A) cannot enhance income without issuing a prior show-cause notice to the assessee. In the case of Simrah Builders (AY 2018–19), the Tribunal quashed the ₹54.50 lakh enhancement as it violated Section 251(2) and principles of natural justice. The assessee’s appeal was allowed purely on this legal ground.
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Central Goods and Services Tax Act, 2017: Power to Grant Exemption (Section 11)
Section 11 of the Central Goods and Services Tax Act, 2017 empowers the Government to grant tax exemptions in public interest. It outlines general, special, and conditional exemptions based on Council recommendations.
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Central Goods and Service Tax 2017: Composition of levy (Section 10)
Section 10 of the CGST Act provides a simple Composition Scheme for small taxpayers. It allows payment of GST at a lower fixed rate with minimal compliance. This article explains eligibility, limits, and key conditions of the scheme.
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CBDT extends due date for furnishing return of income for the financial year 2024-25
CBDT has extended the Tax Audit Report due date for FY 2024–25 to 31st October 2025. This applies to assessees under Section 139(1) read with Section 44AB. A formal notification will follow soon as per the CBDT press release.
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