Important Updates Of Case Laws, Articles And Association News
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Case Laws
Mumbai Tribunal : S. 263 : Commissioner-Revision of orders prejudicial to revenue- Long-term capital gains on equity-oriented funds-Annual letting value of properties-Non-initiation of penalty proceedings-Where AO had examined the details and taken a possible view, revision was not justified. [S. 45, 112A, 14A, 23, 24(b), 143(3), 271C] The assessee, a designated Senior Advocate, was assessed u/s 143(3) r.w.s.… Read More ...
Ravi Sellappan v. DCIT, Pune (ITAT Pune)
ITAT Pune: If a particular ground was 'conditionally not pressed' by the Assessee before the CIT (A), the Assessee can raise that ground before the ITAT in Revenue's appeal against the CIT (A)'s order. Dismissal of such a ground by the ITAT without adjudication constitutes a mistake apparent from the record and the order of the ITAT… Read More ...
Rohit Goel v. DCIT (ITAT Delhi)
ITAT Delhi: Reassessment proceedings Section 147 - Where notice under section 148 was issued not only in contravention of provisions of section 151 as sanction of concerned Specified Authority as prescribed i.e PCCIT was not obtained, but same was also time-barred as per provisions of section 149 as same was issued after three years, therefore, impugned notice… Read More ...
Gaurav Kathuria vs ACIT (ITAT Delhi)
Delhi ITAT: Hon'ble Delhi ITAT held that mechanical approval cannot be sustainable in law in the light of judicial dicta available. The approval memo is totally silent on the issues involved and has granted omnibus approval without any thoughtful process being discernible. A single approval u/s 153D has been accorded in respect of Three assessment years and… Read More ...
Vibhavari Bharat Bhatt v. ITO (Intl.) (Bombay High Court)
Bombay High Court: S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Reassessment notice issued after 29.03.2022 by Jurisdictional AO instead of Faceless AO is without jurisdiction and void ab initio-DRP cannot ignore binding jurisdictional High Court ruling in Hexaware Technologies Ltd-Refusal to follow jurisdictional precedent is impermissible-the Court also cautioned the tax authorities that continued disregard… Read More ...
JM Financial Foundation v. ITO (Ex) (ITAT Mumbai)
Mumbai Tribunal : S. 11 : Property held for charitable purposes-CSR Contributions- Tied-up Grants-CSR contributions received by a charitable trust as an implementing agency, with specific donor restrictions and monitoring, are in the nature of tied-up grants- Delay in filing Form 10 for accumulation is a technical lapse, and where bona fide hardship is shown, such delay deserves… Read More ...
ARJUN SINGH SAHI VS DCIT/ACIT CENTRE CIRCLE (ITAT DEHRADUN)
INCOME TAX APPELLATE TRIBUNAL DEHRADUN: Section 153A and section 148/147 cannot be initiated for the search year.The Assessee can only be assessed u/s 143(3)for the search year. Read More ...
Vishva Kalyan Foundation vs ITO (ITAT Ahmedabad)
Ahmadabad ITAT: Where audit report in Form No. 10B was already filed and available on record, when assessee's return was processed by CPC, denial of exemption under section 11 merely on account of alleged belated filing of Form No. 10B, was not justifiable. Further the learned CIT(Appeals) erred in declining to condone the delay of 1021 days… Read More ...
ITAT Mumbai: For the purpose of treating an asset being office premises as a part of the 'block of assets', it is not necessary that the possession of the office premises should have been given to the assessee. Once payment is made and there is a registered agreement, the office premises acquired during the year could be… Read More ...
Articles
INTERNATIONAL TAX DIGEST (JANUARY 2026) by Dr. Sunil Moti Lala, Advocate, CA, LL. B, Ph.D.
https://itatonline.org/archives/wp-content/uploads/International-Tax-Digest-Jan-2026-itatonline.pdf
An Analysis of Direct Tax Proposals and GST 2026-2027
By Shreyam Shah, B.Com. F.C.A.,DISA, Partner - B S Shah and Co.: Like the Union Budget itself, our attempt to analyze its proposals under the Direct Tax Laws and GST has also been a yearly phenomenon since last many years. We attempt to make our Analytical Note on Budget Highlights, a unique and comprehensive piece of work, in the sense that, with respect to each important amendment… Read More ...
Regards,
Editorial Board