Extension of the Punjab Prevention of Human Smuggling Act, 2012 and 2014. The Gazette of India CG-DL-E-07052026-272302 EXTRAORDINARY PUBLISHED BY AUTHORITY No. 2171] NEW DELHI, WEDNESDAY, MAY 6, 2026/VAISAKHA 16, 1948 MINISTRY OF HOME AFFAIRS NOTIFICATION New Delhi, the 6th May, 2026 S.O. 2261(E).— In exercise of the powers conferred by section 87 of the… Read More »
FORM FOR INFORMATION OF TENANCY IN CHANDIGARH TO RENT AUTHORITY FORM FOR INFORMATION OF TENANCY IN CHANDIGARH AS PER the Assam Tenancy Act, 2021 (hereinafter referred to as the Principal Act), so extended to the Union territory of Chandigarh, ON 6TH MAY 2026 by Govt of india THE FIRST SCHEDULE [See section 4(1) and 7(2)]… Read More »
Important Income Tax Case Laws 04.05.2026 Relevant Act Section Case Law Title Citation Brief Summary Income Tax Sec 4 & 5 ACIT v. Aamby Valley Ltd. Click Here Real vs. Notional Income: Customer advances and interest-free advances to related parties cannot be taxed as hypothetical income if business transactions are genuine and settled later. Income… Read More »
Mandatory vs. Directory: Validity of New Tax Regime (115BAC) for Delayed Form 10-IE Facts The Choice: For the Assessment Year 2021-22, the Assessee intended to opt for the “New Tax Regime” under Section 115BAC. The Procedure: To exercise this option, the taxpayer was required to file Form No. 10-IE before the due date specified under… Read More »
Delayed PF/ESI Deposits Cannot be Disallowed as a ‘Prima Facie’ Adjustment u/s 143(1) Facts The Dispute: For the Assessment Years 2018-19 to 2020-21, the Assessing Officer (AO) made additions to the total income of the Assessee on account of delayed deposits of employees’ contributions to Provident Fund (PF) and Employee State Insurance (ESI). The Mechanism:… Read More »
Search Assessments & The Ten-Year Limitation: Correct Reckoning of the Relevant AY Facts The Search: A search under Section 132 was conducted on 08-02-2024. The Financial Year: This search fell within the Financial Year (FY) 2023-24. The Reference Point: The Assessment Year (AY) relevant to this search is AY 2024-25. The Dispute: The Department issued… Read More »
Limitation Period for Reassessment: HC Directions on Procedure vs. ‘Findings or Directions’ under Section 153(6) Facts The Reopening: The Department initiated reassessment proceedings against the Assessee for AY 2015-16 under Section 148. Writ Challenge: The Assessee challenged the reopening before the High Court. The Court disposed of the writ with specific directions to the Assessing… Read More »
Territorial Restriction of Charitable Expenditure: Denial of Registration for Trusts Benefitting Persons Outside India Facts The Application: The assessee-trust filed an application for regular registration under Section 12A(1)(ac)(iii) (read with Section 12AB) for the Assessment Year 2022-23. The Objection: Upon reviewing the trust deed, the CIT (Exemptions) observed that the objects of the trust were… Read More »
Rebuttability of Price Reduction Presumption in Anti-Profiteering Cases Facts The Allegation: It was alleged that following a reduction in GST rates on certain electronic goods, the respondent failed to reduce the prices commensurately, thereby violating the anti-profiteering provisions. Investigation: Based on a report by the Director General of Anti-Profiteering (DGAP), profiteering under Section 171 was… Read More »
Taxability of Pension Introduction Pension income is taxable under “Salaries.” While an uncommuted pension (paid periodically) is fully taxable, a commuted pension (lump sum) enjoys exemptions under specific conditions. Taxability of Pension Uncommuted Pension: Monthly pensions are taxable as “Salary.” Family pensions are taxable as “Income from Other Sources,” with a deduction of the lower… Read More »