Draft Income-tax Rules, 2026: Salary Taxation Finally Gets an Inflation Reality Check   Every Budget season, salaried taxpayers wait for relief. And every year, relief mostly comes in speeches, not in salary slips. But the Draft Income-tax Rules, 2026 appear to be trying something different. Instead of changing tax rates or creating flashy deductions, the…

Section 13(2)(e) Not Same as Deemed Dividend Law: ITAT Delhi Clarifies Rules for Trust Investments in Group Companies     In an important ruling for charitable trusts and societies, the Delhi Bench of the Income Tax Appellate Tribunal has clarified that investment by a charitable institution in shares of a company cannot be treated as…

Notice to Deceased Person Void, Section 150(1) Cannot Revive Time-Barred Reassessment: Chhattisgarh High Court Clarifies Law   In a significant judgment on reassessment jurisdiction and procedural safeguards, the Chhattisgarh High Court in TAXC No. 207 of 2025 has reaffirmed two foundational principles of income-tax law: first, that notice issued in the name of a deceased assessee is…

More Time to Correct, But at a Cost: The New Updated and Revised Return Rules   We all make mistakes. Sometimes we forget to carry the lunch box. Sometimes we forget wedding anniversaries (dangerous!). And sometimes… we forget to show some income in our Income Tax Return. Earlier, forgetting income meant sleepless nights and silent prayers…

Assessment Void if 143(2) Notice Issued by Wrong AO: ITAT Mumbai Quashes Order in Vinod Ramnath Rao Case   In a significant ruling on jurisdictional validity of scrutiny assessments, the Mumbai Bench of the Income Tax Appellate Tribunal has held that an assessment under Section 143(3) cannot survive where the statutory notice under Section 143(2)…