ITAT Quashes Income Tax Reassessment Carried On Old PAN
The Pune Bench of Income Tax Appellate Tribunal (ITAT) has quashed the income tax reassessment carried on old Permanent...
Fund Deployment By Indian Broadcasting Foundation In BARC Is Statutory Obligation And Not 'Investment': Delhi High Court Allows Income Tax Exemption
The Delhi High Court while allowing the Income Tax Exemption to Indian Broadcasting Foundation has held that fund...
AO Considered Promotional Expenses In Original Proceedings: Bombay High Court Quashes Reassessment Against Pharmaceutical Company
The Bombay High Court has quashed the income tax reassessment proceedings against a Pharmaceutical Company, Pfizer...
CBDT Seeks Stakeholders' Input For Drafting Income-tax Rules
The Central Board of Direct Taxes (CBDT) has sought the stakeholders' input for drafting Income-tax Rules and related...
CBDT Notifies Additional Chief Secretary (IT), Delhi For Income Tax Data Sharing To Identify Beneficiaries Of Welfare Schemes
The Central Board of Direct Taxes (CBDT) has notified the Additional Chief Secretary (IT), Delhi for income tax data...
Sikkim High Court Upholds Constitutional Validity of 'Sikkimese' Definition Under Income Tax Act
The Sikkim High Court has upheld the constitutional validity of 'Sikkimese' definition defined for the purpose of clause...
‘Beyond Reasonable Doubt’ Strictly For Penal Laws; ‘Reason to Believe’ In Tax Matters: Delhi High Court
The Delhi High Court has held that the concept of “proving beyond reasonable doubt” applies “strictu senso” to penal...
Genuineness Of Transactions Established: ITAT Deletes Income Tax Additions On Bogus Transaction
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has deleted the income tax additions on bogus transactions on...
BCI Calls for Action Against Legal Service Promotions on Quikr, Sulekha, Just Dial, and Grotal
The Bar Council of India (BCI) has taken a firm stance against unethical legal advertising and misleading social media...
Search And Seizure Case Involving Huge Unaccounted Income: Bombay High Court Refuses To Quash S. 153C Assessment Order
The Bombay High Court has refused to quash the assessment order passed under Section 153C of the Income Tax Act in the...
Mere Suspicion Insufficient, No Evidence of Value Addition in Solar Goods by Assessee: Delhi High Court
The Delhi High Court has held that the department had failed to place on record any documentary evidence to substantiate...
Low Deterrence in Law Fuels Habitual Economic Offenders, Must Be Stopped: Bombay High Court
The Bombay High Court has held that the low deterrent effect of the law has worked on a professional talent to become a...
