Budget 2026 Key Tax Highlights: Income Tax, GST and TDS/TCS Changes
Union Budget 2026 brings important tax changes—from TDS/TCS updates and GST simplification to new Income-tax Act reforms. Here’s what taxpayers must know.
ITC on Leasing of Commercial Property — Post Safari Retreats Reality
ITC on leasing of commercial property under GST remains available in limited circumstances despite Safari Retreats. This article explains how Section 17(5)(d) applies to lease rentals and construction-linked credits.
Why ITC on Telecom Towers Is Blocked under GST — Statute vs Court Views
ITC on telecom towers continues to be blocked under GST despite their critical business role. This article explains how Section 17 overrides earlier judicial views and why functional arguments fail post-GST.
ITC on Plant & Machinery — What Civil Structures Still Qualify Post-GST
ITC on plant and machinery under GST remains a high-risk area, particularly where civil structures and foundations are involved. This article explains the statutory scope of Section 17(5), the limited role of the functional test, and the eligibility of civil components post-GST.
Functional Test vs Statutory Bar under GST: Limits of Judicial Interpretation
A principled analysis of the conflict between functional interpretation and statutory prohibition under GST, examining the constitutional limits of judicial interpretation in fiscal law.
Information Suggesting Escapement of Income”: Supreme Court’s Threshold Test Explained
Reopening of assessments after 2021 is no longer automatic. This article explains how courts interpret “information suggesting escapement of income” and why many reassessment notices fail at the threshold stage.
ITC on immovable property — what survives after Safari Retreats (SC)
This article explains whether ITC on immovable property under GST is available on construction after the Supreme Court’s Safari Retreats judgment, focusing on Section 17(5) restrictions and practical compliance implications.
Income-tax Reassessment after 1 April 2021: SC’s Final Word (Ashish Agarwal Case)
The Supreme Court in Union of India v. Ashish Agarwal (2022) settled the controversy surrounding income-tax reassessment notices issued after 1 April 2021. This article explains the new reassessment law, section 148A procedure, limitation under section 149, and the impact of the judgment.
Section 17(5)(d) — Meaning of “On Own Account” After Safari Retreats (SC)
The Supreme Court in Safari Retreats (2024) has finally settled the meaning of “on own account” under Section 17(5)(d) of the CGST Act. This article explains how the Court’s interpretation clarifies blocked input tax credit on construction of immovable property, even where such property is used for leasing or other taxable business purposes.
When GST Blocks ITC on Civil Structures — and Why Courts Still Disagree
Why ITC on Civil Structures Still Divides the GST World GST was introduced with a clear promise — tax should not stick where business value is created. Input tax credit was meant to move smoothly through the supply chain. Yet, few provisions have disrupted that promise…
