Income Tax – Validity of reopening under Section 147 where reasons recorded did not disclose a rational nexus between information received and belief of escapement of income - The Appellant's return was processed under Section 143(1). The Assessing Officer reopened the assessment on information rece...
Income Tax – Rejection of books of account under Section 145 where sale rates of commercial units varied widely and average sale rate was lower than average inventory rate, Estimation of suppressed sale consideration by applying profit margin on average inventory rate without working or comparable i...
Income Tax – Share capital received from investor company, Source of source established by documentary evidence, Unsecured loan from alleged shell company, – Addition under Section 68, Share capital and share premium received from group investor company, Estimated commission expense, Consequential d...
Income Tax – Validity of notice under section 148, Reopening on the basis of search, Validity of sanction under section 151, Variation in the amount of income escaping assessment between the sanction and the reasons – Notice for reopening issued under section 148 described the Assessee both as a sea...
Income Tax – Addition under section 69A on cash deposits during the demonetisation period, Cash deposits explained as chit subscription collections recorded in regular books - The Appellant, a company conducting chits under the Chit Funds Act, 1982, deposited cash in bank accounts during the demonet...
Income-tax (Sixth Amendment) Rules, 2026 - Amendment to Rule 231 & Form No. 161
Further amendments to the Notification number S.O. 359, dated the 30th March, 1988 – Regarding Control of Notified Subordinate Officer under Income-Tax Authorities u/s 118 Income-Tax Act, 1961
Notification u/s 45(3)(a)(i) r.w.s. 45(4)(b) of the Income Tax Act, 2025 in the case of Jai Research Foundation, Valsad, Gujarat
Order under section 45(3)(b) of the Income Tax Act, 2025 read with Rule 35 of the Income Tax Rules, 2026
Income-tax (Fifth Amendment) Rules, 2026 - Amendment to Rule 215(1), 218(3), 219(5)&(8) and Form No. 132 & 141