Monthly Archives: June 2026

Digital Portal Connecting Transporters And Customers Qualifies As ECommerce Operator Liable For TCS Under GST

By | June 16, 2026
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Digital Portal Connecting Transporters And Customers Qualifies As ECommerce Operator Liable For TCS Under GST Digital Portal Connecting Transporters And Customers Qualifies As ECommerce Operator Liable For TCS Under GST Issue Whether an online platform connecting vehicle owners/transporters with customers for goods transportation qualifies as an “Electronic Commerce Operator” (ECO) under Section 2(45) or a… Read More »

INCOME TAX CASE LAW DIGEST 15.09.2026

By | June 16, 2026
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INCOME TAX CASE LAW DIGEST 15.09.2026 INCOME TAX CASE LAW DIGEST 15.09.2026 Relevant Act Section(s) Case Law Title Citation Brief Summary Income Tax Act, 1961 CBDT Circular (Monetary Limits) / Section 260A Principal Commissioner of Income-tax vs. Taha Wires (P.) Ltd. Click Here The ITAT erred in dismissing the Revenue’s appeal based on low tax… Read More »

Assessment Under Section 153A Annulled For Want Of Valid Search Warrant And Panchnama In Assessee’s Name

By | June 16, 2026
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Assessment Under Section 153A Annulled For Want Of Valid Search Warrant And Panchnama In Assessee’s Name Issue Whether the Assessing Officer (AO) can legally assume jurisdiction under Section 153A and frame a search assessment against an individual whose premises were physically searched, but in whose name no valid search warrant was issued or panchnama drawn.… Read More »

Supreme Court COVID Extension Of Limitation Period Is Not Applicable To Departmental Assessment Proceedings

By | June 16, 2026
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Supreme Court COVID Extension Of Limitation Period Is Not Applicable To Departmental Assessment Proceedings Issue Whether the extension of the limitation period granted by the Supreme Court during the COVID-19 pandemic applies to administrative assessment proceedings conducted by the Income Tax Department, and whether the Tribunal’s refusal to apply this extension constitutes a “mistake apparent… Read More »

Assessing Officer Must Apply Uniform Profit Rates For Identical Businesses And Cannot Make Separate Expense Disallowances After Rejecting Books

By | June 16, 2026
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Assessing Officer Must Apply Uniform Profit Rates For Identical Businesses And Cannot Make Separate Expense Disallowances After Rejecting Books Issue Whether the Assessing Officer (AO) is justified in estimating a higher gross profit (GP) rate of $4\%$ for a liquor trader after rejecting their books, when a lower GP rate of $3.13\%$ was accepted for… Read More »

Medical Reimbursements Up To Exempted Limit Excluded From Fringe Benefit Tax Liability Of Employer

By | June 16, 2026
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Medical Reimbursements Up To Exempted Limit Excluded From Fringe Benefit Tax Liability Of Employer Issue Whether medical reimbursements up to the statutory limit of Rs. 15,000 per employee per annum, which are explicitly exempt from income tax in the hands of the employees, are liable to Fringe Benefit Tax (FBT) in the hands of the… Read More »

Estimation Of Profit From Unrecorded Sales Is Impermissible Without Explicitly Rejecting Books Of Account

By | June 16, 2026
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Estimation Of Profit From Unrecorded Sales Is Impermissible Without Explicitly Rejecting Books Of Account Issue Whether the Assessing Officer can legally estimate an addition based on a gross profit rate applied to alleged unrecorded sales found during a survey, without formally rejecting the assessee’s books of account under Section 145(3) or invoking Section 144. Facts… Read More »

Purely Equity Debentures Excluded From MAT Transition Amount And Rule EightD Disallowance Set Aside For Want Of Satisfaction

By | June 16, 2026
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Purely Equity Debentures Excluded From MAT Transition Amount And Rule EightD Disallowance Set Aside For Want Of Satisfaction Issue Whether fully convertible debentures (ZOFCDs/FCDs) holding purely equity components without any liability element can be classified as Compound Financial Instruments (CFIs) or “Other Equity” to trigger a book profit increase via the MAT transition amount under… Read More »

Tax Recovered In Violation Of Judicial Stay Ordered To Be Refunded Exceeding Twenty Percent PreDeposit

By | June 16, 2026
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Tax Recovered In Violation Of Judicial Stay Ordered To Be Refunded Exceeding Twenty Percent PreDeposit Issue Whether an order passed on a stay/waiver application under Section 220 should be quashed and the illegally recovered demand refunded when the Revenue aggressively appropriated the entire disputed tax amount despite a subsisting High Court interim stay order. Facts… Read More »

Passing Assessment Order Without Providing Reasonable Opportunity Violates Principles Of Natural Justice

By | June 16, 2026
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Passing Assessment Order Without Providing Reasonable Opportunity Violates Principles Of Natural Justice Passing Assessment Order Without Providing Reasonable Opportunity Violates Principles Of Natural Justice Issue Whether a best judgment assessment order passed under Section 144 read with Section 144B is legally sustainable when the Revenue provides inadequate response windows, ignores an adjournment request, and gives… Read More »