The Taxonation Journal
Insights on Indian tax law.
GST and Income Tax rulings, guides and practical notes from the Taxonation.AI team — written for the professionals who have to draft the reply.
Sorted by latest
AP High Court on Faceless Reassessment
The Andhra Pradesh High Court, in Bala Sreenivas Rao Somisetty v. Income Tax Officer, declared Section 147A of the Income-tax Act, 1961, unconstitutional and set aside reassessment proceedings initiated by Jurisdictional Assessing Officers (JAOs). The Court held that the 2022 faceless reassessment scheme required notices under Section 148 to be issued through automated allocation and that Section 147A could not override judicial decisions or cure the underlying jurisdictional defect. The ruling also addressed the insertion of Section 147A into the repealed 1961 Act. The judgment favours taxpayers, although further appellate proceedings may affect its final status.
Recent rulings & updates
2 articlesITAT Delhi Quashes AY 2015-16 Reassessment; Section 148 Notice Issued in April 2022 Held Time-Barred
ITAT Delhi quashes the reassessment for AY 2015-16 after holding that the Section 148 notice issued on 03.04.2022 was time-barred and without jurisdiction, following the Supreme Court's ruling in Rajeev Bansal. The Tribunal also condoned the delayed appeals and deleted the consequential penalty.
CBDT Announces New Deadline for Audit Cases for AY 2026-27
The Central Board of Direct Taxes (CBDT) has extended the Income Tax Return (ITR) filing due date for audit cases for Assessment Year 2026-27 from 31 October 2026 to 21 November 2026. The due date for furnishing the tax audit report has also been extended from 30 September 2026 to 21 October 2026.