Your income may be tax-free up to ₹12 lakh-but your cash flow still isn’t
Your income may be tax-free up to ₹12 lakh–but your cash flow still isn’t For many taxpayers, it now feels like a strange bargain-no tax liability, but still a deduction at source. Tax law often simplifies things-only after adding a new layer of complexity. The transition from Forms 15G and 15H to a unified Form… […]
Reassessment Quashed for Mechanical Approval: ITAT Rajkot Reinforces Safeguards Under Section 151
Reassessment Quashed for Mechanical Approval: ITAT Rajkot Reinforces Safeguards Under Section 151 In a significant ruling strengthening taxpayer protection, the ITAT Rajkot Bench (ITA No. 377/RJT/2025, AY 2012–13) has held that reassessment proceedings under Sections 147/148 cannot survive if the mandatory approval under Section 151 is granted mechanically. The decision reiterates a crucial legal safeguard—approval… […]
Section 143(1) Adjustments vs. Debatable Issues: ITAT Draws a Clear Line in PF/ESI Disallowance Case
Section 143(1) Adjustments vs. Debatable Issues: ITAT Draws a Clear Line in PF/ESI Disallowance Case By Swati Talwar In a significant ruling that reinforces the limits of automated tax processing, the Delhi Bench of the Income Tax Appellate Tribunal (ITAT) in the case of R.K. & Company Manpower Pvt Ltd. has once again clarified… […]
Section 148 Reopening Quashed: Gujarat High Court Insists on “Live Link” Between Evidence and Income Escapement
Section 148 Reopening Quashed: Gujarat High Court Insists on “Live Link” Between Evidence and Income Escapement In yet another strong ruling curbing arbitrary reassessment, the Gujarat High Court has held that reopening under Section 148 cannot be sustained on vague, third-party seized material without a clear and live nexus to the assessee. The judgment reinforces… […]
Section 54 Relief in Under-Construction Flats: ITAT Mumbai Prioritizes Possession Date Over Registration
Section 54 Relief in Under-Construction Flats: ITAT Mumbai Prioritizes Possession Date Over Registration In a significant and practical ruling, the Mumbai ITAT has reaffirmed a long-standing but often contested principle-for under-construction properties, the date of possession, not registration, determines eligibility for exemption under Section 54 / 54F. This decision comes as a major relief… […]
Section 148 Notice Time-Barred Beyond 10 Years: Gujarat High Court Clarifies Search-Year Inclusion Rule | Key Ruling in Purvibhavin Shah vs ITO
Section 148 Notice Time-Barred Beyond 10 Years: Gujarat High Court Clarifies Search-Year Inclusion Rule | Key Ruling in Purvibhavin Shah vs ITO In a crucial judgment on reassessment limitation, the Gujarat High Court has settled a long-debated issue-how to compute the extended 10-year time limit in search-related cases. The ruling clarifies whether the search assessment… […]
Section 263 Revision Invalid If AO Has Conducted Enquiry: ITAT Reaffirms “Two Views Possible” Principle
Section 263 Revision Invalid If AO Has Conducted Enquiry: ITAT Reaffirms “Two Views Possible” Principle Revisionary powers under Section 263 of the Income-tax Act are often invoked by the department to revisit completed assessments. However, a consistent judicial principle continues to act as a safeguard for taxpayers—revision cannot be used merely because the Principal… […]
Bogus Purchases: 100% Addition or Only Profit Element? Supreme Court Settles the Law
Bogus Purchases: 100% Addition or Only Profit Element? Supreme Court Settles the Law In one of the most significant rulings on bogus purchase cases, the Gujarat High Court—now affirmed by the Supreme Court through dismissal of SLP dated 17.04.2026-has conclusively settled a long-standing controversy – Can the entire amount of alleged bogus purchases be… […]
Reassessment Quashed: Gujarat High Court Slams Use of WhatsApp Data & Undated Complaint Without Proof
Reassessment Quashed: Gujarat High Court Slams Use of WhatsApp Data & Undated Complaint Without Proof. In a powerful judgment reinforcing taxpayer protection against arbitrary reopening, the Gujarat High Court has held that reassessment proceedings cannot be sustained on the basis of vague, third-party digital material and unverified allegations. The ruling in Dhruv Vijaykumar Trivedi v. DCIT (Special… […]
ITR Forms AY 2026–27: 8 Big Changes Every Taxpayer Must Know Before Filing Returns
ITR Forms AY 2026–27: 8 Big Changes Every Taxpayer Must Know Before Filing Returns The Income Tax Return (ITR) forms for FY 2025–26 (AY 2026–27) bring a series of structural and disclosure-based changes that reflect the tax department’s growing focus on data transparency, cross-verification, and AI-driven scrutiny. While many taxpayers assume ITR forms remain largely… […]
