Supreme Court Dismisses Revenue SLP as Tax Effect Below CBDT Threshold Lacks Legal Exception Supreme Court Dismisses Revenue SLP as Tax Effect Below CBDT Threshold Lacks Legal Exception Issue Whether a Special Leave Petition (SLP) filed by the Revenue is maintainable under Section 268A when the monetary tax effect is below the prescribed CBDT limit… Read More »
Supreme Court Grants SLP Against High Court Ruling Abating Settlement Proceedings and Permitting Reassessment Supreme Court Grants SLP Against High Court Ruling Abating Settlement Proceedings and Permitting Reassessment Issue Whether a Special Leave Petition (SLP) should be granted against the High Court’s order holding that settlement applications abate under Section 245HA if no assessment proceedings… Read More »
Supreme Court Affirms Notice Bearing Officer Name and Designation Is Valid Without Signature Under Section 282A Supreme Court Affirms Notice Bearing Officer Name and Designation Is Valid Without Signature Under Section 282A Issue Whether a reassessment notice issued under Section 148 is valid and duly authenticated under Section 282A when it bears the name and… Read More »
Supreme Court Dismisses Revenue’s SLP as Withdrawn, Upholding That Section 14A Requires Actual Exempt Income Supreme Court Dismisses Revenue’s SLP as Withdrawn, Upholding That Section 14A Requires Actual Exempt Income Issue Whether Section 14A of the Income-tax Act, 1961 (corresponding to Section 14 of the Income-tax Act, 2025) can be invoked to disallow expenditure when… Read More »
Supreme Court Dismisses Revenue SLP Affirming High Court Ruling Favouring Insurance Assessee Across Issues Supreme Court Dismisses Revenue SLP Affirming High Court Ruling Favouring Insurance Assessee Across Issues Issues Applicability of Disallowance Under Section 14A: Whether Section 14A applies to the computation of profits and gains of general insurance businesses under Section 44 read with… Read More »
CBEC Circular Assigning Proper Officers Is Valid As Commissioner Forms Constituent Part Of Board Issue Whether Circular No. 3/3/2017-GST assigning functions to “proper officers” under Section 168(2) read with Section 2(91) of the CGST Act is unauthorized and invalid on the premise that such assignment powers belong exclusively to the “Commissioner in Board” rather than… Read More »
Supreme Court Extends Limitation Period for Filing GST Appeal Involving FASTag Verification Issues Due to Technical Glitches Supreme Court Extends Limitation Period for Filing GST Appeal Involving FASTag Verification Issues Due to Technical Glitches Issue Whether the Supreme Court should grant an extension of time to file a statutory appeal under Section 107 against a… Read More »
Unexplained Delay in Recording Satisfaction Note Invalidates Section 153C Reassessment Proceedings Against Other Person Issue Whether a notice issued under Section 153C is legally valid when the Assessing Officer of the searched person delays recording the mandatory satisfaction note by 22 months after completing the search assessment, failing the “immediately after” test established by judicial… Read More »
Supreme Court Disposes Revenue SLP Binding Reassessment Extension Validity Under TLA Act to Rajeev Bansal Ruling Issue Whether reassessment notices issued under unamended Section 148 after April 1, 2021, for AYs 2013-14 and 2014-15 relying on TLA Act notifications are valid or time-barred under the substituted legal regime. Facts For Assessment Years 2013-14 and 2014-15,… Read More »
Supreme Court Dismisses Revenue’s SLP Against Deletion of Section 68 Penny Stock LTCG Addition Supported by Complete Documentary Evidence Supreme Court Dismisses Revenue’s SLP Against Deletion of Section 68 Penny Stock LTCG Addition Supported by Complete Documentary Evidence Issue Whether the Supreme Court should interfere with the High Court’s decision affirming the deletion of a… Read More »