Faceless Reassessment Gets a Major Boost: Andhra Pradesh High Court Strikes Down Section 147A of the Income Tax Act, 1961 as Unconstitutional     A Landmark Judgment on Jurisdiction of Assessing Officers, Retrospective Amendments, and the Constitutional Validity of Section 147A SEO Title: Andhra Pradesh High Court Strikes Down Section 147A: Landmark Judgment on Faceless…

Section 147A Declared Unconstitutional! Andhra Pradesh High Court Delivers a Landmark Verdict in the FAO–JAO Controversy Can Parliament retrospectively validate reassessment notices without curing the legal defect? A detailed analysis of the judgment dated 12 October 2026 Section 147A Unconstitutional: Andhra Pradesh High Court Judgment on FAO vs JAO Controversy Meta Description: The Andhra Pradesh…

Redevelopment Compensation for Hardship and Displacement Is a Capital Receipt: ITAT Mumbai     Compensation received by flat owners under redevelopment agreements may retain its capital character irrespective of how the money is ultimately spent Redevelopment of old residential buildings is often accompanied by hardship. Flat owners may have to vacate their homes, arrange temporary…

Bombay High Court Grants Unconditional Stay of ₹15.96 Crore Income-Tax Demand     Sur Gems v. Principal Commissioner of Income Tax – High-pitched assessment, prima facie limitation issue and a non-speaking stay order justify complete protection against recovery Can the Income Tax Department insist on a 20% payment as a precondition for granting a stay…

Supreme Court on CBDT Circulars: Can an Assessment Order Be Revised Under Section 263 Despite Following a CBDT Circular?     Orient Crafts Ltd. v. CIT – A significant ruling on the binding nature of CBDT circulars, export incentives and the revisional powers of the Commissioner Can an Assessing Officer’s order be treated as erroneous…