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Deemed Dividend Under India’s Income-Tax Act, 1961
India’s Income-tax Act, 1961 adopts an inclusive and anti-avoidance definition of “dividend” under Section 2(22).
Mayur Bhadani
19 hours ago4 min read
🏛 ITAT Ahmedabad Landmark Ruling -Section 263 Order Passed in Name of Non-Existent Company Held Void
Section 263 Order Passed in Name of Non-Existent Company Held Void
Mayur Bhadani
4 days ago3 min read
Reassessment Notice Quashed by Gujarat High Court
In a significant judgment dated 27 January 2026, the Gujarat High Court quashed a reassessment notice issued under Sections 148A and 148 of the Income Tax Act in the case of Guruvayur Infratech Pvt. Ltd. vs ACIT (AY 2021-22).
Mayur Bhadani
5 days ago2 min read
🚨 Reassessment Cannot Be Based on Suspicion Alone
What is disclosed and taxed cannot be treated as “income escaping assessment”.
Mayur Bhadani
Dec 26, 20253 min read
Startup Tax Holiday under Section 80-IAC vs MAT & Advance Tax
Even when normal tax is NIL, MAT can still be payable.
Mayur Bhadani
Dec 15, 20253 min read
⚠️ CBDT Issues Strong Warning on Bogus Deductions – What Every Taxpayer Must Know (Dec 2025)
On 13th December 2025, the Central Board of Direct Taxes (CBDT) released an important Press Release that every taxpayer in India must read carefully.
Mayur Bhadani
Dec 13, 20253 min read
Gujarat High Court Invalidates Time-Barred Section 148 Notice
Gujarat High Court Invalidates Time-Barred Section 148 Notice
Mayur Bhadani
Dec 12, 20252 min read
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