Judgement

Court quashes decades-old tax demands, citing delay and absence of supporting records by Revenue

Old Tax Demands Invalid Without Records; High Court Applies Doctrine of Laches

Supreme Court upholds HC ruling quashing Section 153C notice due to 22-month delay in recording satisfaction note

SC Dismisses Revenue SLP; Upholds Quashing of Delayed Section 153C Notice

Court refuses to condone delay, finds no sufficient cause for belated filing by Revenue

SC Rejects 359-Day Delay, Dismisses Revenue SLP as Time-Barred

Articles

A comprehensive overview of the latest changes in ITR Forms 1-7 for AY 2026–27, covering new disclosures, updated rules, and their impact on taxpayers.

Major Changes Introduced to ITR -1 Form; Effective AY 2026-27

Court invalidates belatedly signed assessment, holds order non-existent beyond statutory limitation period under law

High Court Quashes Time-Barred Assessment Signed After Limitation Period

Notifications

The notification mainly amends Rule 128 of the Income Tax Rules, 2026, to clarify the tax treatment of income arising from investments made before April 1, 2026.

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Old Tax Demands Invalid Without Records; High Court Applies Doctrine of Laches

SC Dismisses Revenue SLP; Upholds Quashing of Delayed Section 153C Notice

SC Rejects 359-Day Delay, Dismisses Revenue SLP as Time-Barred

Major Changes Introduced to ITR -1 Form; Effective AY 2026-27

High Court Quashes Time-Barred Assessment Signed After Limitation Period

CBDT Amends Income-Tax Rules 2026 to Exclude Pre-2017 Investments from GAAR