Punjab & Haryana High Court Permits CBI To Examine 12 Additional Witnesses in Case Against Justice Nirmal Yadav
The Punjab and Haryana High Court has permitted the Central Bureau of Investigation (CBI) to examine 12 additional...
Finance Bill, 2025: Amendments In Chapter XIV-B Of Income-Tax Act 1961
The Finance Bill, 2025 has notified the amendment in the Chapter XIV-B of the Income-tax Act, 1961 and has redefined...
Government Expands Tax Exemptions for Non-Residents in IFSC under Section 10(4E) of Income Tax Act
In a significant move to enhance India's attractiveness as a global financial hub, the Government has introduced key...
Finance Bill 2025 Amends Section 10(10D) To Exempt Life Insurance Proceeds From IFSC Intermediaries Without Premium Cap
The Finance Bill, 2025 has introduced a significant amendment to Section 10(10D) of the Income-tax Act, 1961, providing...
Finance Bill 2025: Tax Treatment Of Offshore Fund Managers In India
In a significant move aimed at reducing compliance burdens and facilitating the relocation of fund managers of offshore...
ITAT Quashes Assessment and Penalty Orders Passed During IBC Admission Period
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has assessment and penalty orders passed during Insolvency and...
Step-Siblings Are Relatives, Gift Not Taxable Under Section 56(2) of Income Tax Act: ITAT
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has held that the step-siblings are relatives and the gift is...
Suspension Of Govt. Servant During Disciplinary Proceedings Not Punitive But Preventive, Aims to Safeguard Evidence: Rajasthan High Court Issue Guidelines
The Rajasthan High Court has issued the guidelines on the suspension of government servants against whom disciplinary...
Income Tax Demands After Resolution Plan Approval Is Invalid: Supreme Court
The Supreme Court has declared the income tax demands raised after the approval of resolution plan (RP) by the National...
E-Assessment | JAO Lacks Jurisdiction To Issue Income Tax Reassessment Notices: Rajasthan High Court
The Rajasthan High Court has held that the Jurisdictional Assessing Officer (JAO) lacks jurisdiction to issue income tax...
Direct Tax Weekly Flashback: 16 March to 22 March 2025
Direct Tax Weekly Flashback for the period 16 March to 22 March 2025. Table of ContentsDelhi High CourtMere Suspicion...
Bombay High Court Highlights Jurisdictional Conditions for Reopening Tax Cases; Distinguishes Previous Ruling on Sales Promotion Expenses
The Bombay High Court has highlighted jurisdictional conditions for reopening tax cases and distinguished previous...
