Articles by CA Varun Gupta

Section 271(1)(c) Penalty Disputes: Key Legal Analysis and Case Law

CA Varun Gupta 11 June 2025 at 08:36

This article highlights the legal necessity of such specification and the significant consequences that follow from its omission, drawing from both established judicial precedent and practical experience before appellate authorities.

Penalty Proceedings Must Be Deferred During Pendency of Quantum Appeal: Legal Framework and Judicial Guidance

CA Varun Gupta 06 June 2025 at 08:38

Understand why penalty proceedings under income tax law should be kept in abeyance when the quantum addition is under appeal. Learn legal precedents, practical guidance, and taxpayer rights.

Comparison of ITR-U (Section 139(8A)) and Condonation of Delay of ITR (Section 119(2)(b))

CA Varun Gupta 07 March 2025 at 08:44

The Income Tax Act, 1961, provides different mechanisms for taxpayers to address missed deadlines for filing Income Tax Returns (ITR).

ITR-U - Belated Return u/s 139(8A): A Detailed Overview after Budget 2025

CA Varun Gupta 03 March 2025 at 08:30

The Updated Income Tax Return (ITR-U) is a recent provision introduced under Section 139(8A) of the Income Tax Act, 1961. This provision gives taxpayers an opportunity to correct errors or omissions in their previously filed returns, even after the prescribed deadlines have passed.

Missed Filing GSTR-9 or GSTR-9C for the Financial Years 2017 to 2023

CA Varun Gupta 27 February 2025 at 08:40

As per Notification No. 8/2025, the CBIC is offering a waiver of late fees for delayed GSTR-9C filings, provided the forms are submitted by March 31, 2025.

Condonation of Delay in ITR Filing u/s 119(2)(b) of the Income Tax Act, 1961

CA Varun Gupta 19 February 2025 at 08:26

The Income Tax Act, 1961 establishes specific timelines for the filing of income tax returns (ITR). However, taxpayers may encounter unexpected situations that lead to delays in meeting these deadlines.

Comprehensive Comparison of Section Numbers: Income Tax Act, 1961 vs. Income Tax Act, 2025

CA Varun Gupta 18 February 2025 at 08:33

To assist with this transition, the government has released a comparison chart that maps the sections of the Income Tax Act 1961 to their corresponding sections in the Income Tax Act 2025. This chart will be highly beneficial in helping you quickly locate the new sections if you remember the old section numbers.

Comprehensive Guide to Vivad Se Vishwas Scheme 2024: Insights from Circular No. 12/2024

CA Varun Gupta 25 December 2024 at 08:52

Overview of the Vivad Se Vishwas Scheme 2024 (VSVS 2024) in accordance with Circular No. 12 of 2024, Dated October 15, 2024

New Process for Condonation of Delay in Filing Forms 9A, 10, 10B and 10BB: Key Highlights of Circular 16/2024

CA Varun Gupta 17 December 2024 at 08:53

In certain instances, due to unforeseen circumstances, the assessee or auditor may file the audit report for the trust in Forms 9A, 10, 10B, or 10BB after the due date. As a result, it has become a common practice for the IT Department to treat the receipt amount as income of the trust and levy tax on it.

Arbitrary Rejections of Section 154 Rectification Requests Challenge Taxpayers

CA Varun Gupta 16 December 2024 at 08:47

The recent rejection of a rectification request under Section 154 of the Income Tax Act, 1961, by the Income Tax Department without providing any explanation has drawn criticism.