The CBI registered a case against a Jaipur CGST Assistant Commissioner for amassing ₹2.54 Cr in assets, 100% disproportionate to income, leading to searches and seizures.
Gifts received from specified relatives are fully exempt from income tax under Section 56(2)(x). Learn the definition of ‘relative’ and mandatory ITR disclosure steps.
Madras High Court ruled that correcting Aadhaar data is a fundamental right, directing UIDAI to ensure citizens can easily alter incorrect details and mandate decentralized update facilities.
ITAT Chennai ruled in favor of Lakshmiammal Progressive Educational Trust, deleting an addition of ₹31.6 lakhs after finding the receipts to be voluntary donations, not compulsory capitation fees.
SC held that liquidation of a company does not protect its director or personal guarantor from prosecution under Section 138 of Negotiable Instruments Act. Criminal liability remains independent of insolvency proceedings.
The Court held that reassessment proceedings under Sections 148A and 148 were void as notices were not validly served and proper approval from PCCIT was not obtained.
Bombay High Court set aside reassessment proceedings for AY 2016–17 as the sanction was granted by an unauthorized officer, holding that approval must come from senior authorities under Section 151(ii).
Bombay High Court held that reassessment for AY 2016–17 was invalid as the sanction was not obtained from the competent authority mandated under Section 151(ii) of the Income-tax Act.
