Notification for amendment in Coal Blocks Allocation Rules, 2017 The Gazette of India CG-DL-E-25062026-273810 EXTRAORDINARY PART II—Section 3—Sub-section (i) PUBLISHED BY AUTHORITY No. 457] NEW DELHI, MONDAY, JUNE 22, 2026/ASHADHA 1, 1948 MINISTRY OF COAL NOTIFICATION New Delhi, the 22nd June, 2026 G.S.R. 508(E).— In exercise of the powers conferred by sub-section (1) and clause… Read More »
INCOME TAX CASE LAWS 24.06.2026 Relevant Act Section Case Law Title Citation Brief Summary Income Tax Act, 1961 Sec 2(14) Chakravati Chiman v. Income-tax Officer 2026 Click Here Where Sub-Registrar documents and the sale deed confirmed the rural agricultural nature of land, and no contrary evidence was presented, the addition of LTCG was deleted. Income… Read More »
Income tax demands not part of an NCLT-approved resolution plan stand completely extinguished. Issue Whether the Revenue can legally enforce a Section 156 demand notice for pre-moratorium tax liabilities after a corporate resolution plan has been formally approved by the National Company Law Tribunal (NCLT) under the Insolvency and Bankruptcy Code, 2016 (IBC). Facts The… Read More »
An Assessing Officer cannot issue multiple draft assessment orders for the same assessment year. Issue Whether the Assessing Officer is legally permitted to issue two separate draft assessment orders for the same assessment proceedings to initiate distinct Dispute Resolution Panel (DRP) processes, and whether corporate tax additions made in the final assessment order without corresponding… Read More »
Assessment framed by an officer lacking jurisdiction without a Section 127 transfer order is void. Issue Whether an assessment order passed under Section 143(3) by an Assessing Officer at New Delhi is legally sustainable when jurisdiction over the assessee vest with the Assessing Officer at Mumbai, and no formal transfer order under Section 127 was… Read More »
Deduction under Section 80P cannot be denied in full over nominal membership limits. Issue Whether a co-operative society can be denied its deduction under Section 80P(2)(a)(i) in full on the grounds that it admitted nominal or associate members beyond the statutory 15% limit prescribed under State law, and whether the disallowance of an interest provision… Read More »
Delay in filing Form 10AB must be condoned when registration is rejected without checking charitable merits. Delay in filing Form 10AB must be condoned when registration is rejected without checking charitable merits. Issue Whether the CIT(Exemption) is legally justified in summarily rejecting an application for final approval under Section 80G(5) solely on the grounds of… Read More »
Estimated disallowances of recorded expenses cannot be treated as unexplained expenditure under Section 69C. Estimated disallowances of recorded expenses cannot be treated as unexplained expenditure under Section 69C. Issue Whether an ad-hoc, estimated disallowance of routine business expenses already recorded in the books of accounts can legally be categorized as “unexplained expenditure” under Section 69C,… Read More »
Bogus purchase additions based on mere suspicion and estimation without book defects must be deleted. Issue Whether the Assessing Officer and the CIT(A) were justified in sustaining an addition for alleged bogus purchases based on third-party search statements, despite the assessee providing comprehensive quantitative reconciliations, direct Section 133(6) confirmations, and faultless audited books of account.… Read More »
Section 68 Addition Based On a Third-Party Slip Stood Vitiated Due To Denied Cross-Examination Section 68 Addition Based On a Third-Party Slip Stood Vitiated Due To Denied Cross-Examination Issue Whether an assessment order making an addition under Section 68 is legally sustainable when it relies entirely on a seized slip and a statement from a… Read More »