Income Tax

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February 12, 2026

Opinion: Slump Sale V. Demerger

V. K. Subramani – [2021] … Continue reading “Opinion: Slump Sale V. Demerger”

Blog, News, Income Tax

February 24, 2026

Reassessment notice issued after 31st March, 2021, quashed by the Delhi HC and relevant explanations also held as ultra vires

Ruchesh Sinha, Anmol Batra & … Continue reading “Reassessment notice issued after 31st March, 2021, quashed by the Delhi HC and relevant explanations also held as ultra vires”

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February 17, 2026

All reassessment notices issued under the old provision are quashed by the Delhi High Court

Case Details: Mon Mohan Kohli … Continue reading “All reassessment notices issued under the old provision are quashed by the Delhi High Court”

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February 11, 2026

CBDT issues instructions to AO for uploading info. on Insight portal for issuance of reassessment notice

Instruction F.No. 225/135/2021/ITA-II, dated 10-12-2021 … Continue reading “CBDT issues instructions to AO for uploading info. on Insight portal for issuance of reassessment notice”

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February 17, 2026

HC disallowed exp. of iron ore business as it was carried on without obtaining necessary permits/licenses

Case Details: PCIT v. M. … Continue reading “HC disallowed exp. of iron ore business as it was carried on without obtaining necessary permits/licenses”

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February 24, 2026

Who decides house improvement claims? ITO, Inspector or Neighbours?

Meenakshi Subramaniam – [2021] 133 … Continue reading “Who decides house improvement claims? ITO, Inspector or Neighbours?”

News, Blog, Income Tax

February 17, 2026

No TDS liability on wholesaler of lottery tickets who is distributing incentive on behalf of Govt.: HC

Case Details: PCIT v. Usha … Continue reading “No TDS liability on wholesaler of lottery tickets who is distributing incentive on behalf of Govt.: HC”

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February 23, 2026

CBDT notifies e-Verification Scheme to deal with mismatch of taxpayers info. reported by reporting entities

Notification No. 137 /2021, dated … Continue reading “CBDT notifies e-Verification Scheme to deal with mismatch of taxpayers info. reported by reporting entities”

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February 25, 2026

CBDT notifies conditions to claim exemption on transfer of non-deliverable forward contracts u/s 10(4E)

Notification No. 136/2021, dated 10-12-2021 … Continue reading “CBDT notifies conditions to claim exemption on transfer of non-deliverable forward contracts u/s 10(4E)”

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February 12, 2026

FA 2021 amendment disallowing employee’s contribution to ESI/PF has no retro-effect: ITAT

Case Details: Flying Fabrication v. … Continue reading “FA 2021 amendment disallowing employee’s contribution to ESI/PF has no retro-effect: ITAT”