January 10, 2026 -

Section 148 – Reassessment for cash transaction based on Excel Sheet

January 10, 2026 by Vineet Dubey

Veena Arora v Commissioner of Income Tax 12 Delhi and Another- W. P. C. No. 22 of 2026 Date of Decision: 05 January 2026- High Court of Delhi Coram Justice Dinesh Mehta and Justice Vinod Kumar Core Issue: Whether a reassessment notice issued under section 148 of the Income Tax Act 1961 after 01 April … Read more

Court comes down heavily on GNIDA for arbitrary lease rent recovery in violation of lease conditions: Allahabad High Court

January 10, 2026 by Vineet Dubey

The Allahabad High Court has set aside the demand of ₹5.28 crore raised by the Greater Noida Industrial Development Authority (GNIDA) from an industrial unit, holding the recovery to be illegal. The Court categorically observed that a lease deed is a binding contract and any enhancement of lease rent, without adhering to the conditions stipulated … Read more