Reopening Assessment for CSR (Sec 35AC) Disallowed without “New Material”; SLP Dismissed Issue Whether an assessment can be reopened under Section 147 to disallow CSR expenditure claimed under Section 35AC (or 80G) based solely on a “change of opinion” regarding the law, without any “fresh tangible material” coming to the Assessing Officer’s knowledge. Facts Assessment… Read More »
Sale of Land Taxed as Capital Gains; Gram Panchayat Certificate Insufficient to Prove Distance from Municipality Issue Whether a certificate issued by a Gram Panchayat is sufficient evidence to prove that agricultural land is situated beyond 8 kms from municipal limits (and thus exempt from Capital Gains Tax), or if a certificate from a competent… Read More »
Important Income tax case laws 15.12.2025 Relevant Act Section Case Law Title Brief Summary Citation Income-tax Act, 1961 Section 2(14) (Capital Asset) Manjit Kaur Kamboj v. Income-tax officer Assessment of land as a capital asset and consequent capital gain addition was justified as the assessee failed to prove the land was not within the 7… Read More »
Penalty for “Concealment” Deleted; Disallowance of a Claim is not “Inaccurate Particulars” Issue Whether a penalty for “concealment of income” or “furnishing inaccurate particulars” under Section 271(1)(c) can be levied merely because the Assessing Officer (AO) disallowed a deduction claimed by the assessee (u/s 42 and 80-IB), even though all factual details furnished were correct.… Read More »
Bail Granted in GST “Fake Firm” Case: Prolonged Custody & Magistrate Trial outweigh Severity of Offence Issue Whether an accused arrested for alleged GST evasion (involving fake firms and supplies) is entitled to bail when they have already undergone prolonged incarceration (1.5 years), the investigation is complete, and the offence is triable by a Magistrate,… Read More »
Addition based on “Dumb Documents” & Retracted Statements Deleted Issue Whether additions (Unexplained Money/Capital Gains) can be sustained based solely on Excel sheets found on a third party’s device and statements that were later retracted, without independent corroboration. Facts The Evidence: During a search on a group company, Excel sheets were seized from a third… Read More »
ITR PROCESSING बड़ा झटका ! INCOME TAX REFUND NOT RECEIVED? LATEST UPDATE ITR PROCESSING
ADVANCE TAX CALCULATION ! INCOME RS 13 LAKH , TAX =? AY 2026-27 NEW TAX REGIME
CBDT NUDGEs taxpayers against the claims of bogus deductions through data-driven approach Fake donations claims to political parties and trusts Under Tax Scanner Many taxpayers revise returns after CBDT detection drive; SMS and email alerts sent from 12 December 2025 CBDT had launched ‘NUDGE’ campaign to help taxpayers correct returns Posted On: 13 DEC 2025… Read More »
Interim Relief Granted: Final Order Stayed due to Non-Issuance of Pre-Consultation Notice (DRC-01A) Issue Whether a Show Cause Notice (SCN) issued under Section 74 of the CGST/SGST Act is valid if the department failed to issue the mandatory Pre-consultation Notice (Form GST DRC-01A) as required under Section 74(5) read with Rule 142(1A), and whether the… Read More »