Reassessment Fails Without 143(2): Delayed Return in response to notice under section 148 Cannot Be Ignored
Reassessment Fails Without 143(2): Delayed Return in response to notice under section 148 Cannot Be Ignored In a…
Income Tax
Section 69A Cannot Be Invoked on Explained Cash Re-Deposits: ITAT Clarifies Law
Section 69A Cannot Be Invoked on Explained Cash Re-Deposits: ITAT Clarifies Law In an important ruling reinforcing the correct…
No Tax on Old Deal done prior to enactment of law: ITAT Rules Section 56(2)(x) Cannot Apply Retrospectively
No Tax on Old Deal done prior to enactment of law: ITAT Rules Section 56(2)(x) Cannot Apply Retrospectively In…
Virtual Presence Is Not Physical Presence: Bombay High Court Draws a Clear Boundary
Virtual Presence Is Not Physical Presence: Bombay High Court Draws a Clear Boundary In a landmark ruling with far-reaching…
Foreign assets disclosure scheme 2026
Foreign assets disclosure scheme 2026 The Foreign Assets of Small Taxpayers Disclosure Scheme (FAST-DS), 2026, announced in the Union…
No Cross-Examination, No Case: ITAT Mumbai Strikes Down Additions Based on Third-Party Statements
No Cross-Examination, No Case: ITAT Mumbai Strikes Down Additions Based on Third-Party Statements In a strong reaffirmation of the…
Penalty on Surrendered Income During Survey: Is It Legally Sustainable?
Penalty on Surrendered Income During Survey: Is It Legally Sustainable? A very common situation in tax practice is where unaccounted…
Changes in ITR-1 (Sahaj) Form for AY 2026-27: Bigger Scope, Tighter Compliance
Changes in ITR-1 (Sahaj) Form for AY 2026-27: Bigger Scope, Tighter Compliance The Income Tax Department has introduced important…
Bogus Purchase Allegations Collapse Without Evidence: ITAT
Bogus Purchase Allegations Collapse Without Evidence: ITAT The Income Tax Department’s growing reliance on third-party information-especially from GST intelligence…
Income-tax Rules, 2026: Relief for Salaried Taxpayers – or Rethinking of Policy? (Part–4)
Income-tax Rules, 2026: Relief for Salaried Taxpayers – or Rethinking of Policy? (Part-4) This article forms Part–4 of my…
Wife Seeking Husband’s ITR under RTI? Karnataka HC Draws a Clear Line
Wife Seeking Husband’s ITR under RTI? Karnataka HC Draws a Clear Line In an important ruling balancing privacy rights and…
Section 292BC: A Game-Changer to Neutralise Technical Defects in Tax Approvals
Section 292BC: A Game-Changer to Neutralise Technical Defects in Tax Approvals In a major legislative move aimed at plugging…
Section 221 Penalty: Time Limit, Mandatory Order & Approval Requirement Explained
Section 221 Penalty: Time Limit, Mandatory Order & Approval Requirement Explained Section 221 of the Income Tax Act is often…
BSNL VRS Compensation Held Fully Exempt – ITAT Pune Treats It as Retrenchment u/s 10(10B)
BSNL VRS Compensation Held Fully Exempt – ITAT Pune Treats It as Retrenchment u/s 10(10B) In a batch of…
Unsigned ‘Dumb Document’ Not Incriminating Material – 153C Proceedings Quashed
Unsigned ‘Dumb Document’ Not Incriminating Material – 153C Proceedings Quashed In a significant ruling that strengthens taxpayer protection…
Section 221 Penalty: When Delay in Tax Payment Becomes Costly
Section 221 Penalty: When Delay in Tax Payment Becomes Costly In the complex world of income tax compliance, one…
10% Deposit for Stay of Demand in Budget 2026 – Full Analysis, Applicability & Strategy
10% Deposit for Stay of Demand in Budget 2026 – Full Analysis, Applicability & Strategy Budget 2026 proposes reducing…
Is Section 292BC the Final Nail in the Coffin for Technical Challenges to Assessments?
Is Section 292BC the Final Nail in the Coffin for Technical Challenges to Assessments? The tax litigation landscape in India…
