Supreme Court : Upholds High Court’s view that emails to GST Practitioner constitute valid service
Supreme Court : Upholds High Court’s view that emails to GST Practitioner constitute valid serviceSupreme Court dismisses Assessee’s SLP challenging the Delhi High Court’s judgement which had upheld the validity of service of p...
Estimate of value of assets by Valuation Officer [Section 142A]
Estimate of value of assets by Valuation Officer [Section 142A]Section 142A of the Income Tax Act, 1961 was initially inserted by the Finance (No. 2) Act, 2004, with retrospective effect from 15.11.1972. It was amended by Finance ...
Concept of Diversion of Income by Overriding Title
Concept of Diversion of Income by Overriding Title One of the fundamental principles of taxation is to tax income accruing or deemed to accrue in favour of the assessee. The concept of diversion of income and application of inco...
Refusal of Registration under Section 12AA – Whether Educational Activities Constitute Charitable Purpose?
Refusal of Registration under Section 12AA – Whether Educational Activities Constitute Charitable Purpose? CIT, Patiala v. Yadvindra Public School Association, Patiala, ITA-253-2011 (O&M), decided on 09 September 2024 ...
CBDT Notification No. 161/2025, Capital Gains Accounts Scheme (Second Amendment), 2025
Summary of CBDT Notification No. 161/2025
Notification No. 161/2025, dated 19 November 2025, issued under Section 54GA(2) of the Income-tax Act, 1961, introduces the