Revision Under Section 264 Is Maintainable Post-Limitation Expiry If No Appeal Is Filed Issue Whether a revision petition filed under Section 264 of the Income-tax Act, 1961 (Section 378 of the Income-tax Act, 2025) is maintainable when the limitation period for filing an appeal against the assessment order has expired without any appeal or condonation… Read More »
Section 277 Conviction Upheld As Taxpayer Failed To Rebut Presumption For Submitting Forged Documents Issue Validity of Conviction for False Statement in Verification under Section 277: Whether the conviction and sentence under Section 277 (read with Section 278E) are sustainable when an employee-assessee claims a fraudulent tax refund using a forged TDS certificate and a… Read More »
Assessee Is Entitled to 6% Interest on Seized Cash Refunded Due to Delayed Assessment Issue Whether the High Court under Article 226 of the Constitution can award compensatory interest at 6% per annum on seized cash refunded to the assessee when the Revenue fails to frame an assessment within the statutorily prescribed time, despite pending… Read More »