Compliance Calendar for March’2026
Compliance Calendar for March’2026 INCOME TAX – 07th March 2026- Due date for deposit of Tax deducted and collected for the month of February 2026. – 14th March 2026- Due date for issue of TDS certificates for February 2026 u/s 194IA, 194IB & 194M and u/s 194S (by specified persons). – 15th March 2026-… […]
GST Show Cause Notice Cannot Club Multiple Years: A Big Relief from Bombay High Court
GST Show Cause Notice Cannot Club Multiple Years: A Big Relief from Bombay High Court Tax litigation often begins with a simple document called a Show Cause Notice (SCN). But sometimes that notice itself becomes the biggest legal controversy. A recent judgment of the Bombay High Court (Nagpur Bench) has delivered an important ruling… […]
Draft Income-tax Rules, 2026: Salary Taxation Finally Gets an Inflation Reality Check
Draft Income-tax Rules, 2026: Salary Taxation Finally Gets an Inflation Reality Check Every Budget season, salaried taxpayers wait for relief. And every year, relief mostly comes in speeches, not in salary slips. But the Draft Income-tax Rules, 2026 appear to be trying something different. Instead of changing tax rates or creating flashy deductions, the… […]
Section 13(2)(e) Not Same as Deemed Dividend Law: ITAT Delhi Clarifies Rules for Trust Investments in Group Companies
Section 13(2)(e) Not Same as Deemed Dividend Law: ITAT Delhi Clarifies Rules for Trust Investments in Group Companies In an important ruling for charitable trusts and societies, the Delhi Bench of the Income Tax Appellate Tribunal has clarified that investment by a charitable institution in shares of a company cannot be treated as… […]
Notice to Deceased Person Void, Section 150(1) Cannot Revive Time-Barred Reassessment: Chhattisgarh High Court Clarifies Law
Notice to Deceased Person Void, Section 150(1) Cannot Revive Time-Barred Reassessment: Chhattisgarh High Court Clarifies Law In a significant judgment on reassessment jurisdiction and procedural safeguards, the Chhattisgarh High Court in TAXC No. 207 of 2025 has reaffirmed two foundational principles of income-tax law: first, that notice issued in the name of a deceased assessee is… […]
More Time to Correct, But at a Cost: The New Updated and Revised Return Rules
More Time to Correct, But at a Cost: The New Updated and Revised Return Rules We all make mistakes. Sometimes we forget to carry the lunch box. Sometimes we forget wedding anniversaries (dangerous!). And sometimes… we forget to show some income in our Income Tax Return. Earlier, forgetting income meant sleepless nights and silent prayers… […]
Assessment Void if 143(2) Notice Issued by Wrong AO: ITAT Mumbai Quashes Order in Vinod Ramnath Rao Case
Assessment Void if 143(2) Notice Issued by Wrong AO: ITAT Mumbai Quashes Order in Vinod Ramnath Rao Case In a significant ruling on jurisdictional validity of scrutiny assessments, the Mumbai Bench of the Income Tax Appellate Tribunal has held that an assessment under Section 143(3) cannot survive where the statutory notice under Section 143(2)… […]
ITAT Rajkot Takes Practical View in Section 80GGC Case: Full Disallowance Dropped, Addition Restricted to 10%
ITAT Rajkot Takes Practical View in Section 80GGC Case: Full Disallowance Dropped, Addition Restricted to 10% In an interesting ruling on deduction for political donations, the Rajkot Bench of the Income Tax Appellate Tribunal has adopted a pragmatic approach in resolving a reassessment dispute under Section 80GGC. While the Assessing Officer had disallowed the… […]
Reassessment in Name of Deceased Person Is Void Even If Death Not Intimated: ITAT Mumbai Quashes Entire Proceedings
Reassessment in Name of Deceased Person Is Void Even If Death Not Intimated: ITAT Mumbai Quashes Entire Proceedings In an important ruling on jurisdictional validity of reassessment proceedings, the Mumbai Bench of the Income Tax Appellate Tribunal has held that reassessment initiated in the name of a deceased person is void ab initio, even where… […]
Does Department Appeal Before ITAT Extend Assessment Time Limit? A Crucial Point Taxpayers Must Know
Does Department Appeal Before ITAT Extend Assessment Time Limit? A Crucial Point Taxpayers Must Know One of the most misunderstood areas in tax litigation is the impact of an appeal on limitation. Many taxpayers — and sometimes even officers — assume that once a matter travels to the ITAT, the assessment clock somehow pauses. Unfortunately,… […]
