Supreme Court on Section 80IA of Income Tax Act: Recomputation of Deduction (2023) LEGAL ISSUE: Recomputation of deduction under Section 80IA of the Income Tax Act, 1961, specifically regarding the determination of market value for electricity generated by captive power plants. CASE TYPE: Income Tax Case Name: Commissioner of Income Tax vs. M/s Jindal Steel […]
Supreme Court Upholds Search Warrant in Income Tax Case: Principal Director of Income Tax vs. Laljibhai Kanjibhai Mandalia (2022) LEGAL ISSUE: Whether the High Court was correct in quashing a search warrant issued under Section 132 of the Income Tax Act, 1961. CASE TYPE: Income Tax/Search and Seizure Case Name: Principal Director of Income Tax
Supreme Court Clarifies Notice Requirements under Section 143(2) of the Income Tax Act LEGAL ISSUE: Whether a notice issued under Section 143(2) of the Income Tax Act, 1961, is valid if sent to the address available in the PAN database, even if the assessee has changed their address and not updated it with the Income
