Factual Disputes Must Be Decided by AO: Delhi High Court Refuses to Quash Reassessment Notice
The Delhi High Court has declined to quash a reassessment notice issued under Section 148 of the Income Tax Act, 1961, holding that disputes...
Booking.com’s Commission Income Not Taxable in India in Absence of PE : ITAT
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has held that commission income earned by Booking.com B.V., a Netherlands-based online accommodation booking...
Reassessment Based Solely on Audit Objection Invalid: Allahabad HC
The Allahabad High Court has quashed reassessment proceedings initiated against leather exporter for Assessment Year 2017–18, holding that reassessment cannot be sustained when it...
Draft Income-tax Rules, 2026 Propose Mandatory CA Verification for Foreign Tax Credit Claims
The Central Board of Direct Taxes (CBDT), through the Draft Income-tax Rules, 2026, has proposed a significant compliance change for taxpayers claiming Foreign Tax...
NPO Merger Rules Amended: New Section 354A to Exempt Accreted Income Tax from April 2026
Under the Income-tax Act, 1961, Chapter XII-EB deals with the taxation of accreted income of certain specified entities, including charitable and non-profit organisations (NPO)....
Short-Term Loan Repaid in 2 Days Can’t Be Treated as Bogus Without Proper Enquiry: Delhi High Court
The Delhi High Court has dismissed an appeal filed by the Income Tax Department against Sperry Plast Ltd., holding that merely because a loan...
Reassessment Notice Valid Even Without Supplying Entire Material: Delhi High Court
The Delhi High Court has dismissed a writ petition challenging reassessment proceedings initiated by the Income Tax Department, holding that the law does not...
Wrong Deduction Claim Alone Doesn’t Attract Penalty If MAT Tax Is Paid: ITAT
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has held that merely making a wrong claim of deduction does not automatically attract...
Assessment Order Invalid if Passed by Officer Lacking Pecuniary Jurisdiction: ITAT
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has quashed an assessment order holding that the entire assessment was void ab initio...
Advance Tax Paid on Due Date via Net Banking Can’t Attract Interest for System Delay: ITAT
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has ruled that interest under Section 234C of the Income Tax Act cannot be...
Penalty for Non-Disclosure of Foreign Assets Is Not Automatic Under Black Money Act: ITAT
The Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) has held that penalty under Section 43 of the Black Money (Undisclosed Foreign Income...
Income Tax Raids Indore Hotels Over Alleged Tax Evasion Using ‘Petpuja’ Software
The Income Tax Department has conducted raids on three prominent hotels in Indore after uncovering alleged large-scale tax evasion through the use of customised...
ITAT Pune Allows Section 80P Deduction on Interest Earned From Cooperative Banks
The Pune Bench of the Income Tax Appellate Tribunal (ITAT) has ruled in favour of a cooperative credit society, holding that interest income earned...
Assessment Void as Jurisdiction Transfer Was Done by Non-Jurisdictional PCIT: ITAT
The Delhi Bench ‘I’ of the Income Tax Appellate Tribunal (ITAT) has quashed the entire assessment proceedings for Assessment Year 2021-22, holding that the...
Finance Bill, 2026 Retrospective Clarifications Shape Judicial Course: SC Disposes of Batch of JAO–FAO Cases, Remits Matters to HC
The Supreme Court has disposed of a batch of cases relating to the jurisdictional overlap between Jurisdictional Assessing Officers (JAO) and Faceless Assessing Officers...
JAO Can’t Issue Reassessment Notice Under Faceless Regime: Rajasthan High Court
The Rajasthan High Court (Jaipur Bench) has quashed a reassessment notice issued under Section 148 of the Income Tax Act, 1961 by the Jurisdictional...
Debatable MAT Loss Adjustment Can’t Be Rectified U/s 154: ITAT Quashes Rs. 40.68 Crore Demand Against Fiat India
The Pune Bench of the Income Tax Appellate Tribunal (ITAT) has quashed a Rs. 40.68 crore tax demand raised against Fiat India Automobiles Pvt....
Finance Bill 2026 Inserts S. 292BA to Protect Assessments from Technical Lapses in DIN Quoting
The Finance Bill, 2026 has proposed the insertion of a new Section 292BA in the Income-tax Act, 1961, aimed at ensuring that assessment orders...
FAO Vs JAO | S. 147A Of Finance Bill 2026 Seeks to Nullify Bombay HC’s Hexaware Verdict
The Finance Bill, 2026 has reignited a major legal and constitutional debate in India’s income-tax framework with the retrospective insertion of Section 147A into...
Budget 2026: Small Taxpayers to Get Faster Lower or Nil TDS Certificates Through Automated System
In a major step towards simplifying tax compliance and reducing direct interaction with tax authorities, Union Finance Minister Nirmala Sitharaman, in her Budget 2026...
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