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DRP Ought To Waited Till Disposal Of Rectification Application Before Passing Final Assessment Order: Karnataka High Court

BackgroundConclusionCase DetailsThe Karnataka High Court has held that the Dispute Resolution Panel (DRP) ought...

AO Can’t Reopen Income Tax Assessment If PCIT Decides In Favour Of Assessee: Delhi High Court

Background ArgumentsRelevant ProvisionsConclusionCase DetailsThe Delhi High Court had held that once the Principal Commissioner...

Delhi High Court Quashes Income Tax Reassessment Action On Ground Of Amalgamated Entity Having Never Been Placed On Notice 

Background ConclusionFAQsCan income tax reassessment action taken against Amalgamated Entity?Is reassessment order sustainable without notice?Case...

Supreme Court’s Decision in Abhisar Buildwell Case Not Carte Blanche Enabling Dept. To Overcome Restrictions For Reopening Assessment: Delhi High Court

BackgroundConclusionFAQsCan Income Tax Dept. Quote Supreme Court’s Decision in Abhisar Buildwell Case to overcome...

Section 80-I Deduction Benefit Available Upon Conversion Of Proprietorship Concern To Private Limited Company: Punjab & Haryana High Court

The Punjab and Haryana High Court has held that deduction section 80-I under Income...

BREAKING | 291 Cases Filed By Income Tax Dept. Where Tax Effect Is Less Than 5 Crores Listed Before Supreme Court Today

Meaning of ‘Tax Effect’Low Tax Effect: Monetary Limits Set For Filing Appeals Today, 291 cases...

Income Tax | Educational Trust Utilising Earnings For Educational Advancement Can’t Be Denied Section 12AA Registration: Punjab & Haryana High Court

BackgroundConclusionFAQsWhat is Section 12AA registration?Can educational institution be denied Section 12AA registration?Case DetailsThe Punjab...

Supreme Court Disposed Of 573 Direct Tax Cases Where Tax Effect Is Less Than Rs. 5 Crore

Direct TaxIndirect TaxesConclusionThe Supreme Court today disposed off 573 direct tax cases where the...

Bombay High Court Allows Income Tax Deduction To IDBI Bank On Bad And Doubtful Debts

The Bombay High Court has allowed income tax deduction to Industrial Development Bank of...

TOLA Doesn’t Alter Structure For Income Tax Reassessment Approval; Delhi High Court Quashes Notices For 4 Years Old AY

The Delhi High Court has held that the Taxation and Other Laws (Relaxation &...

Employee Or His Legal Heirs Can’t Be Held Liable For TDS Non-Deposit: Delhi High Court

The Delhi High Court has held that the employee or his legal heirs cannot...

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JURISHOUR | TAX LAW DAILY BULLETIN : MARCH 18, 2026

Here’s the Tax Law Daily Bulletin for March 18, 2026.GSTCONSOLIDATION OF SCNS COVERING MULTIPLE...

Mumbai Customs Busts Rs. 64.39 Crore Hydroponic Weed Racket at Airport; 4 Passengers Arrested Under NDPS Act

In a major anti-narcotics operation, officers of the Airport Commissionerate under Mumbai Customs Zone–III...

Attachment of Bank Accounts Despite ITAT Stay Illegal: Delhi HC Quashes Coercive Recovery

The Delhi High Court has set aside the attachment of bank accounts holding that...

No GST Recovery Without Following Law: Bombay High Court

The Bombay High Court directed the immediate restoration of GST registration of the assessee...