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- INCOME TAX CASE LAWS 03.09.2026
- Deletion of Section 271(1)(c) Penalty Upheld as Interest Disallowance Under Section 36(1)(iii) Was Debatable
- Assessee’s Disclosed Receipts Settled Under MAP Cannot Attract Section 270A Penalty for Under-Reporting Income
- No TDS obligation triggers on estimated year-end provisions reversed next year without identified payees, nor under Section 201 if expenditure is disallowed under Section 40(a)(ia).
- Reassessment proceedings initiated after April 1, 2021 for AY 2015-16 are barred by limitation.
- Reopening notice under Section 148 issued against a deceased assessee is void ab initio.
- Ad-hoc expense disallowances remanded for fresh verification while provision for bad debts allowed.
- Judicial review of Look Out Circular is limited unless the decision relies on speculative material.
- Tax under Section 115BBI cannot be levied on a reporting error without underlying specified income.
- Foreign Assets of Small Taxpayers- Disclosure Scheme Rules 2026.
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