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The government clarifies that only the jurisdictional Assessing Officer, and not NaFAC, will handle pre-reassessment proceedings under Sections 148 and 148A.

Who Has Jurisdiction in Reassessment? Govt Clarifies AO and NaFAC Roles under Sections 148 and 148A

Articles

The tax assessments will no longer be invalid due to any mistake, defect, or omission of quoting a computer-generated DIN.

Tax Assessment Cannot be Held Invalid Over Minor DIN Errors or Omission: Budget 2026

Judgement

Transfer pricing, Corporate guarantee, R&D deduction, Section 35(2AB), DSIR approval, Rule 10CA, Consistency principle

ITAT Ahmedabad deletes major TP additions, limits R&D deduction to DSIR approval

Proposed tax changes will exempt the foreign income of eligible non-residents visiting India for the first time to work on government-notified schemes from April 2026.

Big Relief for NRIs: Foreign Income to Remain Tax-Free When Working on Govt Schemes from 2026

The Finance Minister, Nirmala Sitharaman, in the Union Budget 2026, proposed a major change to make GIFT City more competitive.

Budget 2026: Govt Proposes to Extend Deduction Period for Units in IFSC

ITAT Delhi holds that inadequate enquiry is not lack of enquiry; plausible AO view cannot be substituted under Section 263

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Who Has Jurisdiction in Reassessment? Govt Clarifies AO and NaFAC Roles under Sections 148 and 148A

Tax Assessment Cannot be Held Invalid Over Minor DIN Errors or Omission: Budget 2026

ITAT Ahmedabad deletes major TP additions, limits R&D deduction to DSIR approval

Big Relief for NRIs: Foreign Income to Remain Tax-Free When Working on Govt Schemes from 2026

Budget 2026: Govt Proposes to Extend Deduction Period for Units in IFSC

PCIT’s Section 263 revision quashed where AO had made due enquiries on alleged bogus purchases