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The High Court of Himachal Pradesh has cancelled an assessment order issued by an officer in Baddi for the financial year 2009–2010. The court decided that the process for changing jurisdiction was not followed correctly, as required under section 127 of the Income Tax Act of 1961. Deluxe Enterprises, founded by Mr. Vivek Bhalla in 1997, is […]
The interruption has been refused by the Rajasthan High Court with the beginning of the proceedings u/s 153C of the Income Tax Act, 1961 (“the Act”) that were alleged to have started only based on specific WhatsApp Chats, marking that the data in the chats were corroborated by certain transactions and therefore the said chat […]
Janak Texturisers Pvt. Ltd. (the assessee) has filed an appeal before the Income Tax Appellate Tribunal (ITAT) Mumbai against a reassessment order passed by the Joint Commissioner of Income Tax (CIT) for the assessment year (A.Y.) 2010-11. The issue concerns the validity of the reassessment notice under section 148 of the Income Tax Act and the assessing […]
The Delhi High Court has ruled that Section 260A of the Income Tax Act, 1961, which relates to appeals to High Courts, does not envisage the filing of cross-objections by the opposite party, unlike Order XLI Rule 22 CPC. A division bench of Justices Yashwant Varma and Harish Vaidyanathan Shankar stated that “The Legislature appears […]
The Delhi High Court stated that Section 292B of the Income Tax Act, 1961, cannot be used to validate an assessment order that overlooks errors apparent on the face of the record. It was furnished via the provisions that no notice or assessment or any proceedings could be considered to be not valid only for […]
The Delhi High Court said that Section 149 of the Income Tax Act, which defines a limitation period for initiating reassessment against taxpayers, is not an enabling provision but rather a prohibition on the Assessing Officer’s administrations. A division bench of Acting Chief Justice Vibhu Bakhru and Justice Tushar Rao Gedela observed, “The opening sentence […]
The Income-tax Act, 2025, in India, which replaces the decades-old Income-tax Act, 1961, was passed by Parliament in August 2025 and received the President’s assent. The government has confirmed that it will come into force from 1 April 2026. Latest Updates Current Tax Law Challenges New Income Tax Act 2025 The Income Tax Act, 2025, […]
The Delhi High Court has stated that individuals accused alongside a company or a Hindu Undivided Family can independently request to resolve the legal issues or offences related to taxes under the Income Tax Act of 1961. A division bench of Acting Chief Justice Vibhu Bakhru and Justice Tushar Rao Gedela ruled that the co-accused […]
It was carried by the Allahabad High Court that the finding of the Income Tax Appellate Tribunal and Commissioner of Income Tax (Appeals) that when an agreement between parties establishes a direct transfer of money, accomplishing so indirectly by holding the funds in a distinct account before sending them to the final account, does not […]
