IMPORTANT INCOME TAX CASE LAWS 07.03.2026 Section Case Law Core Ruling & Strategic Summary Citation S. 143 / 260A Reliance Industries (RIL) [Non-Existent Entities] Assessment orders passed in the name of companies that have already amalgamated (RPEL/RPPL) are void ab initio. The SC also allowed additional evidence to prove the AO was aware of the… Read More »
Reliance Industries: Supreme Court Quashes Reassessments on Trusts and Investment Allowances The Legal Issue The central dispute across these cases involves the validity of reassessment proceedings initiated after a full scrutiny assessment. Specifically, the Court examined: Whether the Revenue can reopen an assessment by claiming “non-disclosure” when the specific facts (Income from a Trust) were… Read More »
Supreme Court Upholds Quashing of Assessments on Non-Existent Entities in Reliance Amalgamation The Supreme Court of India (2026) has dismissed the Income Tax Department’s Special Leave Petition (SLP) against a landmark Bombay High Court ruling. The case clarifies that once a company ceases to exist due to a court-approved amalgamation, any assessment order passed in… Read More »
Logistics Ad-hoc Profit Estimation Rejected: ITAT Mumbai Rules in Favour of Assessee The Legal Issue The primary legal question was whether an Assessing Officer (AO) is justified in rejecting the books of account under Section 145(3) and resorting to an ad-hoc profit estimation (8% of turnover) solely because: Some vendor confirmations were missing (despite a… Read More »
CIT(E) Oversteps Bounds: Surplus and Fee Receipts No Ground to Deny 80G Approval The Legal Issue The core legal question was the scope of enquiry permissible for the Commissioner of Income-tax (Exemption) [CIT(E)] when considering an application for permanent approval under Section 80G(5). Specifically: Is the CIT(E) allowed to examine the application of funds, surplus… Read More »
Reassessment Quashed: The Fatal Error of Targeting a Non-Existent Entity The Legal Issue The central dispute in this case was whether the Income Tax Department can validly initiate or continue reassessment proceedings under Section 148 against an entity that has ceased to exist due to a court-approved merger. Specifically, the court examined if such a… Read More »
Reconstitution of Authority for advance ruling in Terms of Section 13 of UTGST Act 2017 MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 6th March, 2026 No. 01/2026 – Union territory Tax G.S.R. 159(E).— In exercise of the powers conferred by section 15 of the Union Territory Goods and Services Tax Act, 2017… Read More »
Rules and Forms Income Tax MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 5th March, 2026 G.S.R. 158(E).— In exercise of the powers conferred by section 295 read with section 285BA of the Incometax Act, 1961 (43 of 1961), the Central Government hereby makes the following rules further… Read More »
IMPORTANT INCOME TAX CASE LAWS 06.03.2026 Section Case Law Core Ruling & Strategic Summary Citation S. 9 / DTAA Oracle Systems Corp. [Notional Royalty] Only sums contractually receivable from an Indian sub can be taxed as royalty. AO cannot tax “Global Deal” revenue (deals signed abroad) as notional royalty in India. Click Here S. 9… Read More »
Reassessment Quashed: The Fatal Jurisdictional Error in Faceless Procedures This ruling reinforces a critical procedural boundary in the post-2021 tax regime: the “Faceless” nature of reassessment is not merely an option for the Department—it is a mandatory jurisdictional requirement. Even if the underlying tax evasion is significant, a failure to follow the automated procedure can… Read More »