Supreme Court holds that premium earned from sale of export quota cannot qualify for Section 80HHC deduction and that CBDT administrative memoranda cannot override statutory provisions or bind courts.
Read Full ArticleDelhi High Court quashes a Section 148 reassessment notice, holding that reopening an assessment on a transaction already examined during scrutiny amounts to an impermissible change of opinion.
Supreme Court holds that once the Income Tax Settlement Commission passes a final order under Section 245D(4), the Revenue cannot reopen the same assessment year through reassessment proceedings under Section 147.
SC: Mere pending probe and prosecution sanction insufficient for sealed cover procedure in govt promotions; disciplinary action starts with charge memo or sheet.
Shares of electrical equipment manufacturer Polycab tanked over 20% in Thursday's trade. Here's why!
The Senior Citizen Rights Handbook is a comprehensive guide designed to empower elderly citizens with clear and accessible knowledge of their legal and social rights in India.
![CBDT Memo Cannot Override Law On Section 80HHC Deduction For Export Quota Premium: SC [Read Judgment]](/secure/uploads/2026/09/lj_7454_ChatGPT_Image_Sep_21,_2026,_01_11_48_AM.webp)
![Reassessment On Transaction Already Scrutinised Amounts To Change Of Opinion: Delhi HC [Read Order]](/secure/uploads/2026/09/lj_2997_ChatGPT_Image_Sep_19,_2026,_02_50_14_AM.webp)
![Pending probe, sanction not sufficient for sealed cover procedure in promotion for govt servants: SC [Read Judgment]](/secure/uploads/2024/09/lj_4171_WhatsApp_Image_2024-09-25_at_5.59.22_PM.webp)
