Bogus Purchase Allegations Collapse Without Evidence: ITAT     The Income Tax Department’s growing reliance on third-party information-especially from GST intelligence and Insight portals-has led to a surge in reassessment cases involving alleged “bogus purchases.” However, a recent decision by the ITAT Nagpur in Sunrise Structural & Engineering Pvt. Ltd. vs ACIT has once again reminded tax…

Income-tax Rules, 2026: Relief for Salaried Taxpayers – or Rethinking of Policy? (Part-4)   This article forms Part–4 of my ongoing series on the New Income-tax Act – 2025, wherein we have already examined various structural, procedural, and conceptual changes introduced in the new law. While the earlier parts focused on the framework of the…

Wife Seeking Husband’s ITR under RTI? Karnataka HC Draws a Clear Line   In an important ruling balancing privacy rights and matrimonial disputes, the Karnataka High Court in Income-tax Officer & CPIO v. Smt. Gulsanober Bano Zafar Ali Ansari has clarified whether a wife can obtain her husband’s income tax returns through the RTI Act for use in…

Section 292BC: A Game-Changer to Neutralise Technical Defects in Tax Approvals   In a major legislative move aimed at plugging procedural loopholes, the Finance Bill, 2026 has introduced a new Section 292BC in the Income-tax Act, 1961. What makes this provision particularly impactful is not just its intent, but its retrospective application from 1st April 2021,…

Section 221 Penalty: Time Limit, Mandatory Order & Approval Requirement Explained   Section 221 of the Income Tax Act is often invoked by the department when there is a delay in payment of tax demand. While the provision appears straightforward, its procedural aspects give rise to several important legal questions. Among the most debated issues are:…