Monthly Archives: July 2026

Notification regarding Section 16(1)(b)(i) of CoSS, 2020

By | July 6, 2026

Notification regarding Section 16(1)(b)(i) of CoSS, 2020 The Gazette of India CG-DL-E-04072026-274111 EXTRAORDINARY PART II—Section 3—Sub-section (ii) PUBLISHED BY AUTHORITY No. 3445] NEW DELHI, WEDNESDAY, JULY 1, 2026/ASHADHA 10, 1948 MINISTRY OF LABOUR AND EMPLOYMENT NOTIFICATION New Delhi, the 1st July, 2026 S.O. 3580(E).—In exercise of the powers conferred by sub-clause (i) and sub-clause (ii)… Read More »

Notification regarding Section 16(1)(c) of CoSS, 2020

By | July 6, 2026

Notification regarding Section 16(1)(c) of CoSS, 2020 The Gazette of India CG-DL-E-04072026-274104 EXTRAORDINARY PART II—Section 3—Sub-section (ii) PUBLISHED BY AUTHORITY No. 3446] NEW DELHI, WEDNESDAY, JULY 1, 2026/ASHADHA 10, 1948 MINISTRY OF LABOUR AND EMPLOYMENT NOTIFICATION New Delhi, the 1st July, 2026 S.O. 3581(E).—In exercise of the powers conferred by clause (c) of sub-section (1)… Read More »

TDS Exemption Notification Proposal for IFSC Ship Leasing Company Lease Rent Payments

By | July 6, 2026

TDS Exemption Notification Proposal for IFSC Ship Leasing Company Lease Rent Payments Proposal for notification under section 400 of the Income tax Act 2025 providing for exemption from TDS in respect of payments of lease rents to units of ship leasing companies in IFSC The Gazette of India CG-DL-E-03072026-274062 EXTRAORDINARY PART II—Section 3—Sub-section (ii) PUBLISHED… Read More »

INCOME TAX Case Law 04.07.2026

By | July 6, 2026

INCOME TAX Case Law 04.07.2026 Relevant Act Section / Authority Case Law / Notification Title Citation Brief Summary Income-tax Act, 1961 Section 10(46) Notification No. 73/2026 Click Here CBDT grants income tax exemption to Mussoorie Dehradun Development Authority (MDDA) on specified incomes (grants, leases, bank interest, etc.) retrospectively for AYs 2022-23 and 2023-24. Income-tax Act,… Read More »

Revisional order passed without granting requested personal hearing is legally unsustainable and must be remanded.

By | July 6, 2026

Revisional order passed without granting requested personal hearing is legally unsustainable and must be remanded. Issue Whether the Principal Commissioner of Income Tax (PCIT) was legally justified in rejecting a revision application under Section 264 of the Income-tax Act, 1961, without granting the assessee a requested personal hearing and dealing with the contentions cursorily, despite… Read More »

Reassessment notice issued beyond three years is void if sanctioned by the incorrect tax authority.

By | July 6, 2026

Reassessment notice issued beyond three years is void if sanctioned by the incorrect tax authority. Issue Whether a reassessment notice issued under Section 148 after the expiry of three years from the end of the relevant assessment year is legally valid when the mandatory administrative sanction under Section 151 was granted by the Principal Commissioner… Read More »