Landmark JudgmentIncome Tax Appellate Tribunal, ChennaiCPT Elecy v. ITO: a section 148 notice issued by the JAO, not faceless, is invalidChennai ITAT quashed a reassessment, holding a section 148 notice issued by the Jurisdictional AO rather than faceless through the NFAC is invalid in law.Valkya Editorial·1 Jun 2026·8 min
Landmark JudgmentIncome Tax Appellate Tribunal, AhmedabadReckitt Benckiser v. ACIT: the Bright Line Test and the AMP marketing-intangibleITAT Ahmedabad deleted AMP transfer-pricing adjustments against Reckitt Benckiser, holding the Bright Line Test has no statutory basis in Indian law.Valkya Editorial·1 Jun 2026·8 min