Calcutta HC Quashes Summary GST Orders under Section 75(6)
Calcutta HC sets aside summary DRC-01 and DRC-07 under GST for lack of reasons, no hearing under Section 75, and improper portal service.
Tag: Assessments
Finance Bill 2026: Block Assessment Relief for Third Parties, Revised Timelines
Clauses 64 and 65 of Finance Bill 2026 amend sections 295 and 296 to restrict block periods for third parties and extend assessment timelines to 18 months from search …
Finance Bill 2026: Assessment-Stage Penalty, Deferred Interest & Settlement Relief
Finance Bill 2026 amends sections 220, 245MA and 270A to allow penalty for under-reporting to be imposed in the assessment order, defer interest during appeals, and grant immunity on …
Finance Bill 2026: Jurisdiction to Issue Reassessment Notices Clarified
Finance Bill 2026 clarifies that reassessment notices under sections 148 and 148A must be issued by jurisdictional Assessing Officers, not faceless assessment units.
Finance Bill 2026: Assessments Not Invalidated for Minor DIN Defects
Finance Bill 2026 clarifies that income-tax assessments will not be invalid merely due to technical mistakes in quoting the Document Identification Number (DIN).
Finance Bill 2026: DRP Timelines and Assessment Limits Clarified
Finance Bill 2026 clarifies how DRP timelines under section 144C operate vis-à-vis assessment limits and aligns the framework under the Income-tax Acts of 1961 and 2025.
Key Reforms in Tax Assessments: New Income Tax Bill, 2025
New Income Tax Bill, 2025 simplifies complex assessment procedures by reducing word count/number of sections, consolidating faceless assessments and treatment of VDAs.