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Probe into Hyderabad Biryani Joints Uncovers Rs. 70,000 Crore Income Tax Evasion Across India

An investigation initiated in Hyderabad has snowballed into one of the largest alleged tax...

Assessment Quashed for Failure to Follow Mandatory S. 148B Procedure in Search-Based Additions: ITAT

The Chandigarh Bench of Income Tax Appellate Tribunal has quashed the assessment framed against...

Denial of Effective Hearing During Insolvency: Delhi HC Quashes Rs. 232 Crore Ex Parte Income Tax Assessment 

The Delhi High Court has set aside an ex parte income tax assessment order...

Income Tax Prosecution U/s 276CC: Allahabad High Court Stays Non-Bailable Warrants Pending Compounding Decision

The Lucknow Bench of the Allahabad High Court has stayed the operation of non-bailable...

S. 153C Notice Invalid Where Satisfaction Note Relies on Public-Domain Information Instead of Seized Material: Gujarat High Court

The Gujarat High Court has held that notice under Section 153C of the Income...

S. 263 Is Not A Second Opinion — It’s For Real Errors: ITAT

The Delhi Bench of Income Tax Appellate Tribunal (ITAT) held that revision under section...

AO Can’t Deny S. 244A Refund Interest Without Commissioner’s Decision: Delhi High Court

The Delhi High Court has ruled that an Assessing Officer (AO) cannot independently deny...

Cash Deposit Explained as Land Sale Advance: Income Tax Dept. Accepts Return After Detailed Reassessment

The Income Tax Department has accepted the returned income of ₹1,50,423 filed by Ajit...

Undated Loose Sheets ‘Dumb Documents’ in Search Assessment: ITAT

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has deleted additions exceeding...

TDS Credit Can’t Be Allowed to Go Waste Due to CA’s Lapse: Delhi High Court 

The Delhi High Court has set aside an order of the Principal Commissioner of...

Can the Income Tax Dept. Delay Infinitely Your Refund After Allowing An Appeal? Orissa High Court Answers

The Orissa High Court has directed the Income Tax Department to release the refund...

Reassessment Invalid If No Addition Made on Recorded Reasons’; S. 68 Can’t Apply to Genuine Share Sale Proceeds: ITAT

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has quashed reassessment proceedings...

Latest articles

Compensation for Delayed Possession Of Flats To Homebuyers Can’t Be Limited by One-Sided Builder Clauses: Supreme Court

The Supreme Court has upheld the authority of consumer forums to award fair compensation...

Extended Limitation Not Invocable Without Suppression: CESTAT Quashes Service Tax Demand on Online Advertisement

The Allahabad Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has...

Service Tax Demand Based Solely on Form 26AS Unsustainable When Underlying Services Are Exempt: CESTAT

The Allahabad Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has...

SEBI Suspends General Manager in Vigilance Case Linked to SME IPO Probe

In a significant internal development, the Securities and Exchange Board of India (SEBI) has...