Judgement

The High Court set aside the order and directed the tax authorities to share the material forming the basis of the reassessment with the petitioners within one week.

Allahabad HC Quashes Reassessment Proceedings for Not Sharing Evidence Used to Reopen Case

Notifications

Govt amends Income-tax Rules 1962 to require financial institutions to report holdings of crypto, CBDCs, and digital money products as financial assets starting January 1, 2026.

Income Tax Rules 2026: Financial Institutions Must Report Crypto and Digital Currency Holdings

Search Assessment Year Must Be Included While Computing 10-Year Block Under Section 153A

HC: Reopening for Assessment Year Invalid as It Falls Outside 10-Year Limit in Search Cases

News

Even though the tax demand has reduced, SBI Life said it will continue with its appeal before the Commissioner of Income Tax (Appeals).

SBI Life Gets Major Relief as Tax Demand Slashed from Rs 5,317 Crore to Rs 471 Crore

Meesho has received a Rs 1,499.73 Crore tax demand from the Income Tax Department of India for AY 2023-24 and plans to challenge the assessment order.

Meesho Faces Rs 1,499.73 Crore Tax Demand for AY 2023-24, Plans to Challenge Assessment Order

Export of Gutkha Not Barred Under Plastic Waste Rules When Packaging Found Biodegradable

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Allahabad HC Quashes Reassessment Proceedings for Not Sharing Evidence Used to Reopen Case

Income Tax Rules 2026: Financial Institutions Must Report Crypto and Digital Currency Holdings

HC: Reopening for Assessment Year Invalid as It Falls Outside 10-Year Limit in Search Cases

SBI Life Gets Major Relief as Tax Demand Slashed from Rs 5,317 Crore to Rs 471 Crore

Meesho Faces Rs 1,499.73 Crore Tax Demand for AY 2023-24, Plans to Challenge Assessment Order

HC Dismisses Customs Appeal in Gutkha Export Case; No Confiscation When Packaging Uses Biodegradable Plastic