Vineet Dubey 
Revision u/s 264 – PCIT bound to follow ITAT Special Bench: Tax on Deemed STCG u/s 50 at LTCG rate u/s 112 Bombay High Court-Samir N. Bhojwani. vs. Principal Commissioner of Income Tax & Ors. Writ Petition (L) No. 37709 of 2025 Decision dated: 06 January 2026 Core Issue: Whether, while exercising revisionary jurisdiction under … Read more
Invalid Reopening of Assessment Based on Share Valuation Derived Solely from Share Premium in Third-Party Transaction An Integrated Analysis with Statutory Framework and Finality by the Supreme Court I. Introduction The controversy surrounding reopening of completed assessments on the issue of share valuation has been a recurring theme in income-tax litigation, particularly where the … Read more
Taxability of Consultancy Income under India–UAE DTAA vis-Ă -vis Significant Economic Presence (SEP) Vijay Mariappan Austin Prakash v. ACIT International Taxation Income Tax Office Visakhapatnam ITAT Visakhapatnam – ITA No. 89/VIZ/2025 | Order dated: 05 December 2025 I. Core Issue Whether consultancy services rendered by a UAE tax resident to an Indian company fall within … Read more
The Impact of India’s New Income-Tax Act, 2025: Simplification, Compliance & Taxpayer Relief The Income Tax Act, 2025, effective from 1-4-26, marks a transformative step towards a more equitable and efficient tax system in India, benefiting taxpayers, businesses, and the economy at large. For Income tax Practitioners, understanding these nuances is essential to empower … Read more
The Mutation Maze: When Can You Knock on the High Court’s Door Generally, a Writ Petition is not maintainable against orders passed in mutation proceedings. However, this is not an absolute bar. There are specific, well-settled exceptions where a High Court will entertain a Writ Petition in mutation matters. Here is the detailed legal position … Read more
ITAT Delhi – Goswami Bhagwan Lal Education Society v. Income Tax Officer Exemption Ward Faridabad ITA No. 2238/Del/2025 | Order dated: 27 November 2025 Coram: Shri Challa Nagendra Prasad (JM) & Shri Avdhesh Kumar Mishra (AM) Core Issues 1. Whether denial of alternate exemption under section 11 of the Income-tax Act, 1961 at the stage … Read more
Reassessment for A.Y. 2015–16 After 1 April 2021 Held Void – Bombay High Court Reaffirms Binding Nature of Revenue’s Concession The Bombay High Court, in Selvakumar Vethamonickam Nadar v. Income Tax Officer Ward 34(3)(2), Mumbai (Writ Petition (L) No. 41554 of 2025, decided on 24 December 2025), has once again conclusively settled the law governing reassessment proceedings for Assessment Year … Read more
GST Exemption Clarified: Individual vs. Group Health Insurance. The Kerala High Court recently ruled that the Goods and Services Tax (GST) exemption under Notification No. 16/2025-CT(Rate) is applicable only to individual health insurance policies, and not to group health insurance policies, even for retired bank employees. This judgement and the limited exemption on individual … Read more
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
The Allahabad High Court has set aside the demand of â‚ą5.28 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
