Understand the taxation of Virtual Digital Assets under the Income Tax Act, 1961, covering crypto gains, business income, gifts, and key judicial rulings.
Read Full ArticleBombay High Court held a party cannot withdraw a sales tax reference as of right and may decline to answer it if neither side is interested.
Madras High Court rules income tax reassessment beyond three years invalid without approval from top authority under new regime, ensuring taxpayer safeguards.
![Party Seeking Sales Tax Reference Cannot Withdraw It as of Right; Court May Decline To Answer: Bombay HC [Read Order]](/secure/uploads/2026/03/lj_5928_Party_Seeking_Sales_Tax.webp)
![Income Tax Reassessment After 3 Years Needs Chief Commissioner Approval: Madras HC [Read Order]](/secure/uploads/2025/11/lj_2646_Income_Tax_Reassessment.webp)
