Judgement

Section 151 Approval Without Independent Application of Mind Renders Reassessment Void

ITAT Quashes Reassessment for Mechanical Approval Under Section 151

Only period falling within limitation window can be excluded; assessment beyond extended date held invalid

ITAT: Assessment Beyond Excludable Period Under Section 153 Held Time-Barred

The court directed the income tax department to issue a fresh certificate with a reduced withholding rate of 2% for Assessment Year 2026-27. The new certificate must be issued within 10 days.

Delhi Court Directs Income Tax Department to Issue Fresh Tax Withholding Certificate at 2% Instead of 10%

The Supreme Court held that TCS under Section 206C(1C) of the Income Tax Act is not applicable on compounding fees collected from persons involved in illegal mining activities.

Supreme Court Upholds Chhattisgarh HC Ruling: No TCS on Compounding Fees from Illegal Mining Activities

Articles

The draft income tax rules for 2026 and the related documents were released by the income tax department on February 8, 2026, for the stakeholders' comments and feedback.

Income Tax Act 2025: New Changes in Income Tax Rules from April 1, 2026

You can’t claim LTCG exemption by just buying a plot of land; you must construct a Residential House within 3 years.

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ITAT Quashes Reassessment for Mechanical Approval Under Section 151

ITAT: Assessment Beyond Excludable Period Under Section 153 Held Time-Barred

Delhi Court Directs Income Tax Department to Issue Fresh Tax Withholding Certificate at 2% Instead of 10%

Supreme Court Upholds Chhattisgarh HC Ruling: No TCS on Compounding Fees from Illegal Mining Activities

Income Tax Act 2025: New Changes in Income Tax Rules from April 1, 2026

Section 54 LTCG Exemption: Can You Claim It by Buying a Plot?