EaseValueSection 148 Reassessment Notice: The Complete 2026 Defence Guide
A Section 148 notice reopens a past assessment year. Here is exactly how the 148A procedure works in 2026, the reopening time limits, and the grounds on which an invalid notice can be quashed.
BuySellPrivateLimited.com — India's Trusted Platform for Buying & Selling Private Limited Companies
Looking to buy or sell a private limited company in India? BuySellPrivateLimited.com is the dedicated marketplace for structured M&A transactions involving registered Indian companies.
Income Tax e-Proceedings 2026: Online Notice Response Guide
Income Tax Department has made it easier for taxpayers to handle tax notices through e-Proceedings on the e-Filing portal (June 2026 update). This digital system allows you to view and respond to notices electronically without visiting tax offices.
Section 80C Tax Deduction 2026: Post Office Schemes Qualifying List
Post Office small savings schemes remain popular for tax-saving investments in 2026. This recent update clarifies which schemes qualify for Section 80C deduction and helps you plan your AY 2026-27 tax strategy.
ITAT Ruling 2026: Section 263 Revision Invalid on Unclaimed Deductions
In a recent June 2026 ITAT ruling, the tribunal held that a PCIT cannot initiate revision under Section 263 for alleged illegal commission expenditure when the taxpayer never actually claimed such deduction in their return. This is critical protection for taxpayers facing unfounded assessment actions.
ITAT Deletes Capital Gain: Revenue Must Prove Ownership 2026
In a major win for taxpayers, ITAT has ruled that the Revenue cannot add capital gains if it fails to prove actual ownership of the property. This June 2026 judgment clarifies crucial documentation requirements under Income Tax Act 2025.
Income Tax Practitioner Registration 2026: One-Year Practice Rule Explained
The Madras High Court has clarified that the one-year practice requirement under Rule 257 is only for formal registration as an Income Tax Practitioner, not a bar to representation rights under Section 515 of the Income Tax Act 2025. This recent June 2026 judgment is crucial for aspiring tax professionals.
GST Registration Cancellation 2026: High Court Rules Reasoned Order Mandatory
In a significant June 2026 ruling, High Courts have declared that GST registration cancellation requires proper reasoned orders, not mechanical checkbox-style decisions. This protects taxpayers from arbitrary cancellations and mandates procedural compliance by tax authorities.
GST Penalty on Directors 2026: Bombay HC Rules Personal Benefit Required
In a major relief for company directors, the Bombay High Court has ruled in June 2026 that GST penalties under Section 122(1A) cannot be imposed unless the Revenue proves the director personally benefited from the transaction. This recent judgment significantly protects corporate officials from arbitrary penalty action.
Madras HC GST Credit Ledger Unblocking 2026 - Rs. 5 Lakh Deposit
In a significant June 2026 ruling, the Madras High Court has ordered the unblocking of GST electronic credit ledgers upon deposit of Rs. 5 lakh, while directing adjudication of DRC-01 notices on merits. This landmark judgement provides relief to businesses facing credit ledger blocks during GST assessments.
ITAT Transfer Pricing Ruling 2026: ₹61.22 Cr TP Adjustment Deleted
In a significant June 2026 ruling, ITAT Mumbai has deleted a ₹61.22 crore transfer pricing adjustment after finding identical facts to an earlier assessment year. The tribunal affirmed that unreversed coordinate bench decisions remain binding even when High Court appeals are pending.
Section 69 Addition Deleted 2026 - Property Investment Year Rules
In a significant ITAT Ahmedabad ruling from June 2026, unexplained property investments under Section 69 can only be added to income in the year the investment is actually made. This decision provides critical relief for taxpayers facing additions in different assessment years.
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