The article argues that the ITAT’s interpretation of Sections 2(19AA) and 2(41A) overlooked the anti-surplusage canon, creating substantial questions for the Bombay High Court.
Disallowance of assessee’s claim was upheld for set-off of brought forward unabsorbed depreciation and carry forward of business losses and unabsorbed depreciation of the demerged company under section 72A(4), holding that failure to satisfy the mandatory condition of issuing shares to the demerged company disentitled the assessee from claiming the statutory benefit.
A representation seeks activation of Form 68 filing for misreporting cases after the Finance Act, 2026 expanded immunity under Section 270AA.
Guide to SEBI RIA registration covering eligibility, NISM certification, applicant categories, compliance requirements and documents required.
Supreme Court held post-death ITRs require financial verification, fixed annual income on available records, enhanced compensation, and allowed the appeal.
SC applies the average of three previous ITRs to assess self-employed income and enhances motor accident compensation to Rs.87.09 lakh.
SC holds self-employed income may be assessed using up to three years’ ITR average with relevant business circumstances.
The article argues that while taxing Virtual Digital Assets separately is constitutionally permissible, the blanket prohibition on loss set-off under Section 115BBH lacks a rational basis. It concludes that courts could read down the provision by allowing limited intra-VDA loss adjustment.
SC held that reliance on fake or AI-hallucinated precedents renders judicial decisions unsustainable and directed fresh adjudication under Section 7 IBC.
The Jharkhand High Court held that police cannot refuse to register Zero FIRs on jurisdictional grounds. It directed strict enforcement, including departmental and penal action against officers violating the statutory mandate.
