Important Due Dates (Income Tax) for February 2026, Income Tax Updates – January 2026

Thursday, February 5, 2026

📰February 2026 Newsletter (Direct Tax)

This month’s edition from S K Patodia & Associates LLP features:

✅ Key due dates for February 2026, including TDS/TCS deposits and issuance of TDS certificates

✅ Key Income Tax Rulings, including case laws on:

  • Reassessment for AY 2015-16 quashed as time-barred by limitation.
  • Unsigned assessment order held invalid and not curable under section 292B.
  • Revenue directed to refund excess demand; only 20% demand sustainable during CIT(A) proceedings.
  • Reassessment held invalid due to change of opinion on issues already examined under section 143(3).
  • Whether capital gains earned by Mauritius entities on sale of Singapore company shares are taxable in India.

 

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