Daily Intelligence Capsule — 14 September 2026
Latest EditionLatest Edition — Monday, 14 September 2026Income Tax
Delhi HC: An Assessing Officer Can't Ignore a Reply That's Already on the Record
The Delhi High Court has quashed a Section 148A(d) reassessment order because the Assessing Officer had the taxpayer's reply on record -- uploaded before the order was passed -- and simply didn't consider it.
Read the briefingIncome Tax
ITAT Mumbai: A Bitcoin Reassessment Fell Apart Over Who Signed the Approval, Not the Bitcoin
ITAT Mumbai has quashed a Rs 1.24 crore bitcoin-linked reassessment because the reopening, beyond three years, was sanctioned by the wrong-seniority officer under Section 151(ii) -- part of a genuine multi-bench pattern this week.
Read: ITAT Mumbai: A Bitcoin Reassessment Fell Apart Over Who Signed the Approval, Not the BitcoinAct Explainer
Form 132 and Section 425: The New Act's Numbers Behind This Week's Two Deadlines
Today's Form 132 TDS-certificate deadline and tomorrow's advance-tax instalment both trace to freshly renumbered Income-tax Act, 2025 provisions -- same obligations, new section numbers.
Read: Form 132 and Section 425: The New Act's Numbers Behind This Week's Two DeadlinesCase Law Watch
- NCLT Ahmedabad Orders GST Registration Restored for Gensol EV Lease During CIRP
NCLT Ahmedabad has directed that Gensol EV Lease Limited's GST registration cancellation will not take effect during its ongoing CIRP -- a single-source item, treated as a brief pointer pending fuller corroboration.
Read: - NCLT Ahmedabad Orders GST Registration Restored for Gensol EV Lease During CIRPDid You Know
- Why the Delhi HC's "no pressing hurry" reassessment ruling didn't need bad faith to succeed...
When the Delhi High Court quashed this week's Section 148A(d) order, it only needed one fact: the officer had twelve more days to act and signed anyway without reading a reply already on the file.
Read: - Why the Delhi HC's "no pressing hurry" reassessment ruling didn't need bad faith to succeed...Quiz of the Day
What's the Penalty? -- Your client's reassessment, reopened beyond three years, is approved by the Principal Commissioner...
Your client's reassessment is reopened beyond three years and approved by the jurisdictional Principal Commissioner. What should be checked before building the factual defence -- and why might it matter more than the facts themselves?
Read: What's the Penalty? -- Your client's reassessment, reopened beyond three years, is approved by the Principal Commissioner...