148A(b) Notice Cannot Be Used for General Inquiry; SC Upholds Quashing. Issue Whether a Show Cause Notice issued under Section 148A(b) of the Income-tax Act is legally valid if it is issued not on the basis of specific “information suggesting escapement,” but as a tool to conduct a general inquiry or “verification” regarding the assessee’s… Read More »
AO’s Final Order Quashed as Assessee’s Failure to Inform AO of DRP Filing is a Curable Defect. Issue Is a final assessment order passed by an Assessing Officer (AO) under Section 144C(3) legally valid if the AO was unaware that the assessee had filed timely objections with the Dispute Resolution Panel (DRP), due to the… Read More »
Uncorroborated Third-Party WhatsApp Chat is Not “Concrete Evidence,” Cannot Justify Section 69A Addition. Issue Whether an Assessing Officer (AO) can make an addition under Section 69A (Unexplained Moneys) based on a WhatsApp chat and Excel screenshot found on a third party’s phone, without any independent corroborative evidence and without establishing the chat’s legal admissibility under… Read More »
Revision Justified as AO Failed to Examine Competing Provisions in Slump Sale Assessment. Issue Whether a Principal Commissioner (PCIT) can invoke revisionary jurisdiction under Section 263 to set aside a scrutiny assessment order as “erroneous,” on the grounds that the Assessing Officer (AO) accepted the assessee’s “slump sale” (Section 50B) treatment without conducting any inquiry… Read More »
13 Companies file applications under PLI Scheme for White Goods (ACs & LED Lights) with committed investment of Rs. 1,914 crore Posted On: 13 NOV 2025 11:18AM by PIB Delhi The 4th Round of the Production Linked Incentive (PLI) Scheme for White Goods (Air Conditioners and LED Lights), launched by the Department for Promotion of… Read More »
CBDT Grants Tax Exemption Approval for Tyre Research Institute Issue: To grant official recognition and approval to the M/s Hari Shankar Sighania Elastomer & Tyre Research Institute for undertaking Scientific Research, enabling both the institute and its donors to claim specific tax benefits under the Income Tax Act, 1961. Facts: The Central Board of Direct… Read More »
Reassessment Notice Quashed as JAO, Not Faceless AO, Issued It. Issue Is a reassessment notice issued under Section 148 of the Income-tax Act invalid and without jurisdiction if it is issued by the local Jurisdictional Assessing Officer (JAO) instead of the Faceless Assessing Officer (FAO), as mandated by the faceless assessment procedure under Section 144B?… Read More »
VSV 2024 Eligibility Based on Appeal’s Pendency, Not its Maintainability. Issue Whether a declaration filed under the Direct Tax Vivad Se Vishwas (VSV) Scheme, 2024, can be rejected by the Designated Authority on the grounds that the assessee’s appeal, which was pending on the specified date, was “not maintainable” or “invalid” because it was filed… Read More »
HC Rejects Limitation Plea on COVID Extension, But Remands Case Subject to 50% Deposit. Issue Whether a Show Cause Notice (SCN) issued under Section 73 of the CGST Act is time-barred, or if the statutory limitation period is validly extended by the Supreme Court’s suo motu order (under Article 142) that excluded the COVID-19 pandemic… Read More »
HC: Rejection of Section 161 Rectification Application Requires a Personal Hearing. Issue Whether a GST authority can reject a rectification application filed by a taxpayer under Section 161, on the grounds that there is “no error apparent on the face of the record,” without first granting the taxpayer a personal hearing. Facts Following a demand… Read More »