10% Deposit for Stay of Demand in Budget 2026 – Full Analysis, Applicability & Strategy
10% Deposit for Stay of Demand in Budget 2026 – Full Analysis, Applicability & Strategy Budget 2026 proposes reducing stay of demand deposit from 20% to 10% under Section 220(6). Is 10% deposit mandatory for income tax stay? Understand Budget 2026 changes, applicability, retrospective impact, and expert strategy for handling tax demand cases. … […]
Is Section 292BC the Final Nail in the Coffin for Technical Challenges to Assessments?
Is Section 292BC the Final Nail in the Coffin for Technical Challenges to Assessments? The tax litigation landscape in India has always witnessed a fascinating tug of war between substance and procedure. For years, taxpayers have successfully challenged assessments on technical grounds—especially where statutory approvals were found to be mechanical, hurried, or inadequately reasoned. Enter… […]
When 3 Days Delay Travels to ITAT: The Curious Case of Casual Dismissals by CIT(A)
When 3 Days Delay Travels to ITAT: The Curious Case of Casual Dismissals by CIT(A) In the world of taxation, we often deal with crores, complex interpretations, and high-stakes litigation. But sometimes, the system throws up situations so ironic that they almost read like satire. Imagine this: An assessee files an appeal with a delay of… […]
Budget 2026 received President Assent: Key Personal Tax Changes Every Investor Must Act On
Budget 2026 received President Assent: Key Personal Tax Changes Every Investor Must Act On The Finance Bill 2026 has now received Presidential assent, and what were earlier “proposals” are now enforceable provisions of law. While the Budget did not tinker much with tax slabs, it has introduced several structural changes that directly impact… […]
Agricultural Income in New Income-tax Act, 2025: Tax-Free, But Not Trouble-Free Anymore (Part–4)
Agricultural Income in New Income-tax Act, 2025: Tax-Free, But Not Trouble-Free Anymore (Part–4) This article forms Part–4 of my ongoing series on the New Income-tax Act, 2025, where in the last three weeks we have examined various structural and procedural changes introduced in the new law. While many of those changes were more in the nature… […]
Gujarat High Court pulls up CBDT for 11 years of non-compliance with Court directions on timely release of ITR forms & utilities.
Gujarat High Court pulls up CBDT for 11 years of non-compliance with Court directions on timely release of ITR forms & utilities. The post Gujarat High Court pulls up CBDT for 11 years of non-compliance with Court directions on timely release of ITR forms & utilities. appeared first on The Tax […]
Section 68 Cannot Tax Recorded Sales Again | ITAT Mumbai Rules Against Double Taxation of Turnover
Section 68 Cannot Tax Recorded Sales Again | ITAT Mumbai Rules Against Double Taxation of Turnover In a significant ruling with wide practical implications, the ITAT Mumbai has clarified that sales already recorded as turnover cannot be taxed again under Section 68 as unexplained cash credit, especially when books of account are not rejected under Section… […]
Section 44AD vs 44ADA: Can Wrong TDS u/s 194J Turn Business Income into Professional Income? A Growing Litigation Issue
Section 44AD vs 44ADA: Can Wrong TDS u/s 194J Turn Business Income into Professional Income? A Growing Litigation Issue A new and increasingly common controversy is emerging in income tax assessments—Assessing Officers are treating income as “professional income” merely because TDS was deducted under Section 194J, and forcing taxpayers into Section 44ADA instead of Section… […]
₹12.54 Crore Gift Case: ITAT Flags Genuineness Issues in Gift Received by Shilpa Shetty
₹12.54 Crore Gift Case: ITAT Flags Genuineness Issues in Gift Received by Shilpa Shetty In a high-profile and instructive ruling, the ITAT has raised serious concerns over the genuineness of a ₹12.54 crore gift received by Shilpa Shetty from her husband. The case highlights a crucial principle under the Income-tax Act-mere documentation is not enough; the transaction… […]
Section 54F Exemption & JDA Capital Gains Explained | Key ITAT Chennai Ruling in Kesavan Vanithamani vs ITO
Section 54F Exemption & JDA Capital Gains Explained | Key ITAT Chennai Ruling in Kesavan Vanithamani vs ITO The Chennai Bench of the ITAT in Kesavan Vanithamani vs ITO has delivered a highly practical and taxpayer-friendly ruling dealing with two frequently litigated issues-eligibility of exemption under Section 54F and taxability of capital gains in Joint Development Agreements… […]
