Reassessment Notice Issued by Jurisdictional AO Instead of Faceless AO is Legally Void The Issue Whether a reassessment notice issued under Section 148 of the Income Tax Act by a Jurisdictional Assessing Officer (JAO) is valid if it was issued after the notification of the Faceless Assessment Scheme on March 29, 2022. The Facts The… Read More »
Registration Under Section 12A Precludes Denial of Exemption on Commercial Activity Grounds The Issue Whether an Improvement Trust, possessing a valid registration under Section 12AA, can be denied tax exemptions under Sections 11 and 12 on the grounds that its activities (such as selling plots) are commercial in nature and violate the proviso to Section… Read More »
Final stage of preparations for Union Budget 2026-27 commences with the Halwa Ceremony in New Delhi, today Posted On: 27 JAN 2026 4:21PM by PIB Delhi The Halwa ceremony, marking the final stage of the Budget preparation process for Union Budget 2026-27, was held today in the Budget Press at North Block, in the presence… Read More »
Advisory on RSP-Based Valuation of Notified Tobacco Goods under GST Jan 23rd, 2026 An advisory on reporting of taxable value and tax liability under RSP-based valuation in e-Invoice, e-Way Bill and GSTR-1 / GSTR-1A / IFF has been issued for the information and guidance of taxpayers. The advisory may be accessed through the link provided… Read More »
The New Era of Browsing: Google Chrome Introduces Gemini 3 & “Auto Browse” Google has announced a major evolution for its Chrome browser, integrating the newly released Gemini 3 model to transform the web experience. The update introduces “agentic” capabilities, allowing the browser to not just find information, but to actively complete multi-step tasks… Read More »
IMPORTANT INCOME TAX CASE LAWS 27.01.2026 Relevant Act Section Case Law Title Brief Summary Citation Income-tax Act, 1961 Section 36(1)(va) Rational Business Corp (P) Ltd v. DCIT [Retrospective Disallowance] Disallowance of delayed employees’ PF/ESI contributions is valid even for past years, as the SC ruling in Checkmate Services has retrospective effect. The relaxation of Section… Read More »
Case Summary: Retrospective Disallowance of Belated PF/ESI Contributions The Issue Whether the Supreme Court’s ruling in Checkmate Services Pvt. Ltd. (2022) can be applied retrospectively to justify disallowances made under Section 143(1)(a) for Assessment Years 2018-19 and 2019-20, even though the issue was considered “debatable” at the time the returns were processed. The Facts The… Read More »
Case Summary: Quashing of JAO-Issued Section 148 Notice The Issue Whether a notice issued under Section 148 by a Jurisdictional Assessing Officer (JAO)—instead of through the Faceless Assessment Officer (FAO) or the National Faceless Assessment Centre (NaFAC)—is legally valid under the new faceless reassessment regime. The Facts The Regime Change: After the Finance Act 2021… Read More »
Case Summary: Jurisdiction of Search Assessments and Third-Party Digital Evidence I. Third-Party WhatsApp Chats as “Incriminating Material” The Issue Can WhatsApp chats recovered from the phone of a third party (unrelated to the assessee) be used as “incriminating material” to justify additions in the assessee’s completed (unabated) assessments? The Decision The Tribunal ruled that third-party… Read More »
Case Summary: Denial of Section 11 Exemption for Belated Form 10B Overruled The Issue Whether the Assessing Officer (AO) can legally deny an exemption under Section 11 on the grounds that the Audit Report in Form No. 10B was not filed within the original prescribed time, even if it was submitted with a revised return… Read More »