Whether provisions of the Evidence Act, with respect to digital evidence, are applicable to Income-tax proceedings?
Whether provisions of the Evidence Act, with respect to digital evidence, are applicable to Income-tax proceedings? The issue of whether provisions of the Evidence Act, with respect to digital evidence, are applicable to Income-tax proceedings was there in Balar Marketing Private Limited (ITA Nos 3143 to 3148/Del/2023). Let us have a short overview of… […]
Section 131(1A) Notices Post-Search – Allahabad High Court settles the issue
Section 131(1A) Notices Post-Search – Allahabad High Court settles the issue Pramod Swarup Agarwal & Sneh Lata Agarwal vs. Principal Director of Income Tax (Investigation) & Others Citation: 2025: AHC-LKO:34257-DB Writ Tax Nos.: 30 & 31 of 2025 Facts: 1. Dr. Pramod Swarup Agarwal and Smt. Sneh Lata Agarwal, promoter shareholders of India Pesticides… […]
Bombay High Court gives big relief to charitable trusts – No need for irrevocability clause in trust deed for registration
Bombay High Court gives big relief to charitable trusts – No need for irrevocability clause in trust deed for registration In a very important decision that will benefit thousands of charitable trusts across the country, the Bombay High Court has held that registration under section 12AB cannot be denied merely because the trust deed… […]
Finance Bill – 2026: Penalty for non-reporting of crypto transactions
Finance Bill – 2026: Penalty for non-reporting of crypto transactions Introduction: 1. Effective 1 April 2026, India’s Finance Bill 2026 strengthens crypto-asset reporting by substituting Section 446 of the Income-tax Act, 2025, to impose strict penalties. 2. Reporting entities obligated to share information under Section 509 face fines of ₹200/day for late filing and… […]
Stamp Duty Value Addition fails where agreement to sale was executed before introduction of Section 56(2)(x): ITAT
Stamp Duty Value Addition fails where agreement to sale was executed before introduction of Section 56(2)(x): ITAT Rinki Singh v. ITO (ITA No. 56/Ran/2025) Issue Whether Section 56(2)(x) can be invoked where a property is registered in a later year at a value lower than stamp duty value, but the original agreement for purchase was… […]
Full Section 54 Exemption Allowed Even Without Capital Gain Scheme Deposit – ITAT Gives Relief to Home Sellers
Full Section 54 Exemption Allowed Even Without Capital Gain Scheme Deposit – ITAT Gives Relief to Home Sellers Capital gain exemption under Section 54 of the Income-tax Act, 1961 is one of the most commonly used tax benefits by taxpayers who sell a residential house and reinvest the money in another house. However, disputes… […]
Bombay High Court Clarifies Limitation for TDS Default Orders
Bombay High Court Clarifies Limitation for TDS Default Orders A recent decision of the Bombay High Court in CIT (TDS), Pune v. Vodafone Cellular Ltd. (ITA No. 2438 Of 2018) provides an important clarification on the limitation period for passing orders under Section 201(1) of the Income-tax Act. Issue Whether the limitation prescribed under… […]
Income Tax Dept acts against 62 restaurants in 46 cities, suppression of sales under scanner:
Income Tax Dept acts against 62 restaurants in 46 cities, suppression of sales under scanner: 1. In an extensive exercise against underreporting of income in the food and beverages sector, the Income Tax Department carried out surveys against 62 restaurants across 22 states covering 46 cities including Shimla, Murthal, Chandigarh, Ludhiana, Godhra, Ahmedabad, Kollam,… […]
ITAT ALLOWS DEDUCTION FOR DONATION TO POLITICAL PARTY, DISMISSES ACIT APPEAL FOR LACK OF EVIDENCE
ITAT ALLOWS DEDUCTION FOR DONATION TO POLITICAL PARTY, DISMISSES ACIT APPEAL FOR LACK OF EVIDENCE ACIT vs. Anuj Prakash Gupta (ITA No.11/RPR/2026) Facts: 1. The dispute is regarding a deduction of Rs. 2 lakh claimed by the assessee under Section 80GGC of the Income Tax Act for a donation made to a political party,… […]
Owner Dies After Sale – Will New House Bought by Legal Heir Get Capital Gain Exemption?
Owner Dies After Sale – Will New House Bought by Legal Heir Get Capital Gain Exemption? [Query] I had purchased a plot in my name on 15-03-2001 for ₹ 2,70,450. Thereafter, I constructed a residential house on the said plot during FY 2005-06, and the construction was completed in Dec – 2006 at a cost of ₹ 30 Lakh. Thus, the total cost… […]
