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- INCOME TAX CASE LAWS 31.08.2026
- Penalty under Section 272A(2)(e) must be restricted to Section 139(4) deadline, not Section 148 return date.
- Revision Under Section 264 Is Maintainable Post-Limitation Expiry If No Appeal Is Filed
- Settlement Order Disposed Beyond Mandatory Timeline From Initial Board Allotment Is Void and Time-Barred
- Statutory Refund Adjustment Priority Requires Clearing Accrued Section 244A Interest Before Appropriating Principal Tax
- Reassessment Under Section 148 Is Invalid Post Section 132A Requisition When Section 153A Limitation Expires
- Reassessment Beyond Four Years Without Addition On Recorded Reasons Is Invalid And Lacks Jurisdiction
- NaFAC and JAO hold valid jurisdiction for faceless reassessments, but natural justice demands remanding ex-parte additions due to assessee’s mental illness.
- MEIS export scheme benefits offset operational costs and are taxable as revenue receipts under Section 2(24)(xviii).
- Unexplained investment under Section 69 must be assessed in the financial year when payments were actually made, not when registered deed is executed.
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