The High Court of Jammu & Kashmir and Ladakh quashed reassessment proceedings for AY 2013–14 as time-barred. A bench of Justice Sindhu Sharma and Justice Shahzad Azeem set aside orders issued under Income Tax Act, 1961 Sections 148A(d) and 148.
The Delhi High Court ruled Foreign Tax Credit cannot be denied solely for delayed Form 67 filing, directing reconsideration within two months. Real Time Data Services Private Limited challenged FTC denial for AY 2020-21 and subsequent years.
The Madras High Court has reserved orders on actor and Tamilaga Vettri Kazhagam founder Vijay’s plea challenging a Rs 1.5 crore income tax penalty for alleged non-disclosure of income during the 2015-16 assessment year. Justice Senthilkumar Ramamoorthy fixed date.
