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Category: Income Tax

Showing 7 posts in the "Income Tax" category

Penalty is not a sequel to every assessment; it is the consequence of a specific statutory default established in accordance with law.

Penalty is not a sequel to every assessment; it is the consequence of a specific statutory default established in accordance with law.

July 25, 2026 Ca Bhanu Prudhviraj Articles
Introduction A search under section 132 is often followed by an equally routine exercise—the issuance of penalty notices. In many cases, the penalty notice appears almost as a natural extens...
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AP HC Quashes Reassessment Notices Issued Outside Faceless Scheme – JAOs Lack Jurisdiction Under Section 151A

AP HC Quashes Reassessment Notices Issued Outside Faceless Scheme – JAOs Lack Jurisdiction Under Section 151A

April 06, 2026 Ca Bhanu Prudhviraj Articles
Case Law Details Case Name : Kishan Kumar Thotakura Vs ACIT (Andhra Pradesh High Court) Related Assessment Year : Courts : All High Courts Andhra Pradesh HC Become a Premium ...
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Section 12A Renewal Clock: Procedures to Halt & Restart Due Date Countdown

Section 12A Renewal Clock: Procedures to Halt & Restart Due Date Countdown

April 06, 2026 Ca Bhanu Prudhviraj Articles
Renewal of Section 12A Registration under the Income Tax Act is necessary because recent amendments have removed its earlier perpetual validity. Since April 1, 2021, registrations granted under Sec...
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Early Bird missed the Flight while complying 80G Registration procedures

Early Bird missed the Flight while complying 80G Registration procedures

April 05, 2026 Ca Bhanu Prudhviraj Articles
Discover the challenges faced by early birds in complying with the 80G registration procedures under the new scheme of exemption for charitable institutions. Get insights into the transition from p...
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Educational Institutions Availing Income Tax Exemptions – Section 10(23C) – SC Verdict

Educational Institutions Availing Income Tax Exemptions – Section 10(23C) – SC Verdict

April 05, 2026 Ca Bhanu Prudhviraj Articles
Recent Supreme Court Verdict Mandated Tectonic Shift In Approach To Educational Institutions Availing Income Tax Exemptions Under Section 10(23C) As per the provisions of the Income Tax Act, when ...
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Junkets & Corporate Gifts are under lens of Income Tax Authorities in light of Section 194R

Junkets & Corporate Gifts are under lens of Income Tax Authorities in light of Section 194R

April 05, 2026 Ca Bhanu Prudhviraj Articles
As per the CMO Survey reports, companies across the world shell out most of their financial resources in  marketing of their commodities with an average of minimum 12%. Their marketing budget ...
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Examiners (State Legislated Technological Universities) becoming Examinees before Income Tax Dept in light of Rule 2BBB

Examiners (State Legislated Technological Universities) becoming Examinees before Income Tax Dept in light of Rule 2BBB

April 05, 2026 Ca Bhanu Prudhviraj Articles
Examiners (State Legislated Technological Universities) becoming Examinees before Income Tax Department in light of Rule 2BBB of Income Tax Rules 1962 Government Funded Technological Universities ...
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