Interim Stay or Invalidity of Third-Party Search Does Not Vitiate Section 148 Proceedings Against Assessee Issue Whether a notice issued under the Second Explanation to Section 148, based on material recovered from a search of a third party, becomes invalid or without jurisdiction if the search itself is subsequently stayed or declared void by a… Read More »
Principal Commissioner Justly Rejects Condonation Request as Return Filed Beyond Prescribed Five-Year Circular Limit Issue Whether the Principal Commissioner was justified in rejecting a condonation of delay application filed beyond the five-year limit prescribed by CBDT Circular No. 9 of 2015. Whether the non-issuance of a notice under Section 148 grants an assessee an inherent… Read More »
Ad-Hoc Net Profit Additions and Unsecured Loan Deletions Sustained as Assessing Officer Failed to Reject Books Issue Whether the Assessing Officer (AO) can legally estimate a higher net profit rate solely based on a decline in profitability without rejecting the assessee’s books of account or identifying specific false expenditures. Whether an addition under Section 68… Read More »
ITR FILING 2026 27 Zero TAX BUT ITR MANDATORY | START DATE INCOME TAX LATEST UPDATE [Video] ITR FILING 2026 27 online Zero TAX BUT ITR MANDATORY Here is a point-wise summary of the important updates and rules for filing Income Tax Returns (ITR) for the Assessment Year (AY) 2026-27 covered in the video: The… Read More »
ITR filing 2026 : Zero Tax ITR filing Mandatory ITR filing 2026 : Zero Tax ITR filing Mandatoryit In India, your tax liability can be zero while your Income Tax Return (ITR) filing remains legally mandatory. The primary reason is that tax liability is calculated on Net Taxable Income (after deductions and rebates), whereas the… Read More »