Sec. 54 – OnlineTaxUpdate

ITAT Mumbai Ruling Opens Door for Section 54 Tax Exemptions in Property Transactions Between Spouses

byAdmin23/07/202523/07/2025

The Mumbai Income Tax Appellate Tribunal (ITAT) has delivered a significant judgment that clarifies the scope of Section 54 exemptions in property transactions between married couples, establishing that genuine transactions between spouses can qualify for capital gains tax relief regardless of the familial relationship.

GST in Media

Delhi HC directs govt to refund Rs 7.12 crore IGST to Vodafone-Idea

byAdmin23/10/202323/10/2023

The Delhi High Court has directed the government/GST authorities to refund IGST of Rs 7.12 crore to Vodafone Idea that…

GST Article High Court

Limitation Period u/s 54(1) of the CGST Act cannot be invoked when tax is collected without authority of law

byCA Bimal Jain06/10/202311/10/2023

The Hon’ble Delhi High Court held that the limitation period of two years under Section 54(1) of the CGST Act for filing an application for refund of tax, cannot be invoked when Revenue Department collected the tax without any authority of law.

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