Andhra Pradesh HC Declares Section 147A of IT Act Unconstitutional
The Andhra Pradesh HC on Monday declared Section 147A of the Income Tax Act, 1961, unconstitutional. Introduced on a retroactive basis through the Finance Act, 2026, the statutory...
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The Andhra Pradesh HC on Monday declared Section 147A of the Income Tax Act, 1961, unconstitutional. Introduced on a retroactive basis through the Finance Act, 2026, the statutory...
The Orissa High Court has issued a notice on an appeal contesting the constitutional validity of Section 147A of the Income Tax Act, 1961, which was introduced by the Finance Act,...
Introduction Online Information and Database Access or Retrieval services, referred to in this article as “OIDAR services”, are taxed under a special scheme in the Integrated Goods...
The Jaipur Bench of the Income Tax Appellate Tribunal (ITAT) said that manual filing of a Chartered Accountant-certified Form 26A rather than electronic filing is only a procedural...
The man in this case failed to file his income tax return, and the Income Tax Department issued him a notice. He subsequently responded by filing an ITR for assessment year (AY) 20...
The absence of an original ITR became a key issue. Although the department had information about the substantial sums held in his Indian accounts, there was no tax return on record...
The Income Tax Department also noted that the individuals had not filed an income tax return (ITR) for the relevant year. This meant the department did not have details of the inco...
What appeared to be a filing lapse eventually turned into a tax penalty of Rs 3.74 lakh. The Income Tax Department took a strict view of the matter, maintaining that had the non-fi...
The Delhi Income Tax Appellate Tribunal (ITAT) has made a significant ruling regarding the jurisdiction of assessing officers under Section 153C of the Income Tax Act, 1961. The tr...
The Punjab and Haryana High Court set aside the newly inserted Section 147A of the Income Tax Act, 1961, as unconstitutional. The provision mentioned the role of the Jurisdictional...
The dispute arose after the income tax department received information about an investment of Rs 11.25 lakh made by a man with a wealth management firm. The assessing officer accep...
The Central Government has moved the Supreme Court challenging a Punjab and Haryana High Court judgment that struck down Section 147A of the Income Tax Act as unconstitutional. The...
The shop owner said that deposited cash had come from sales generated by his pharmacy and had been properly recorded for in the concerned business books. To support his explanation...
Excel Sheet Entry Alone Cannot Justify Addition under Section 69A: Delhi ITAT In the age of digital accounting, an Excel spreadsheet can contain hundreds of rows, thousands of figu...
SaaS Subscription Fee Is Not “Royalty” Merely Because Technology Does the Work ITAT Mumbai holds that access to a communication platform does not amount to use of a “process” und...
Section 43CA Cannot Be Applied to Land Sale Agreed Before Its Introduction: ITAT Jaipur Where agreement to sell was executed before section 43CA came into force and substantial c...
CIT(E) Must Specify the Exact “Specified Violation” Before Cancelling Trust Registration: ITAT Mumbai Vague allegations cannot justify cancellation of charitable trust registra...
A Dubai-based NRI who did not file her income tax return faced a tax demand after the Income Tax Department flagged her Rs 2.31 crore property purchase. However, the Mumbai ITAT la...
The Jaipur Bench of the Income Tax Appellate Tribunal (ITAT) ruled in favour of an assessee, allowing the Section 87A tax rebate against tax liability arising from Short-Term Capit...
Introduction Online Information and Database Access or Retrieval services, hereinafter referred to as “OIDAR services”, have been taxed in India when supplied by overseas providers...
Under Section 56(2)(x), there is applicable taxation of such a difference in the buyer's hands if the stamp duty value of the property is higher than the purchase consideration by...
The Bombay High Court has ruled that the Income Tax Department cannot delay calculating the limitation period for completing an assessment while waiting for a certified copy of a c...
This is the case of a 57-year old non-resident Indian (NRI) woman who ended up under-reporting her income when she filed her Income Tax Return, and the gap was huge.
Section 147A of Income-tax Act Under Supreme Court Scanner: Can Retrospective Amendment Validate Invalid Reassessment Notices? Introduction Can Parliament retrospectively vali...
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