Daily Archives: December 6, 2025

ITR REFUND NOT RECEIVED? अपने पैर पर कुल्हाड़ी न मारे ! INCOME TAX NOTICE LATEST UPDATE

Writ petition dismissed as service of notice on email ID from previous return held valid; Assessee relegated to statutory appeal Issue Whether a writ petition against an assessment order is maintainable on the ground of denial of natural justice (non-receipt of notice), when the notices were served on the email ID furnished by the assessee… Read More »

Delay in filing revised return due to COVID-19 and missed email constitutes bona fide hardship; delay condoned Issue Whether a delay of approximately 17 months in filing a revised/rectified return of income can be condoned under Section 119(2)(b) when the delay was caused by the inadvertent missing of an intimation email and the disruption caused… Read More »

CAD software expenses held as revenue due to rapid obsolescence; 80-IC computation to reflect full deduction Issue Whether expenditure incurred on the acquisition of “Premium CAD software,” which has a short useful life and requires frequent upgrades, should be treated as capital expenditure (eligible only for depreciation) or revenue expenditure (fully deductible), and the consequential… Read More »

Construction of educational infrastructure qualifies as commencement of charitable activity for Section 80G(5) approval Issue Whether the activity of constructing a building for running a school or college constitutes the “commencement of charitable activities” for the purpose of granting final approval under Section 80G(5) of the Income-tax Act, 1961, or if the actual conduct of… Read More »

Assessee allowed to approach CBDT for condonation of delay in filing Form 10AB for 80G registration Issue Whether the rejection of an application for regular registration under Section 80G (Form 10AB) solely on the ground of delay is sustainable given the lack of specific condonation provisions in the section, and whether the assessee can seek… Read More »

Rejection of delayed 80G application set aside; assessee directed to CBDT for condonation Issue Whether the Commissioner (Exemption) was justified in rejecting an application for regular approval under Section 80G filed with a delay of 46 days due to technical glitches, particularly given the absence of a specific statutory provision for condonation of delay under… Read More »

Reopening notice beyond three years invalid as escaped income is below fifty lakh threshold Issue Whether a reassessment notice under Section 148 issued after the lapse of three years from the end of the relevant assessment year is valid when the alleged escaped income is less than the statutory threshold of Rs. 50 lakhs prescribed… Read More »

AO cannot reject DCF method chosen by assessee for share valuation under Section 56(2)(viib) Issue Whether the Assessing Officer (AO) is empowered to reject the Discounted Cash Flow (DCF) method adopted by the assessee for valuing shares and substitute it with the Net Asset Value (NAV) method based on a comparison of projections with actual… Read More »

Cost of acquisition includes builder charges; Solar panels are improvement cost, but ACs/travel expenses disallowed Case I: Cost of Acquisition (Civil/Electrical Charges paid to Builder) Issue Whether “other charges” paid to a builder for civil, plumbing, and electrical works can be disallowed from the Cost of Acquisition due to a lack of specific bank statements/vouchers,… Read More »