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Direct Tax

541 posts
13-Year Delay in Tax Appeal: ITAT Indore Accepts Commercial Pilot’s Plea, Orders Fresh Assessment

13-Year Delay in Tax Appeal: ITAT Indore Accepts Commercial Pilot’s Plea, Orders Fresh Assessment

The Indore Bench of the Income Tax Appellate Tribunal (ITAT) has granted…
COVID Limitation Relief Applies Even ITR Filing: Madhya Pradesh HC

COVID Limitation Relief Applies Even ITR Filing: Madhya Pradesh HC

The Madhya Pradesh High Court has held that the COVID limitation relief…
INCOME TAX BREAKING | Excel Utilities for ITR-2 and ITR-3 for AY 2025-26 Now Available for Filing

INCOME TAX BREAKING | Excel Utilities for ITR-2 and ITR-3 for AY 2025-26 Now Available for Filing

The Income Tax Department has officially announced that the Excel Utilities for…
Bombay High Court Quashes ITAT Rectification Order Citing Lack of "Apparent Error"

Bombay High Court Quashes ITAT Rectification Order Citing Lack of “Apparent Error”

The Bombay High Court has set aside the Income Tax Appellate Tribunal’s…
Delhi HC

Delhi High Court Quashes Income Tax Reassessment for Adding Fresh Allegations Not Mentioned in Original Notice

Assessing Officer cited Rs. 11.37 crore in remittances despite original notice alleging only Rs. 6.5 crore; Court finds action beyond legal mandate.
Delhi HC

Delhi High Court Quashes Rs. 20 Crore Capital Gains Addition Over Pre-Circle Rate Property Deal

Court Rules Section 50C of Income Tax Act Not Applicable as Agreement to Sell Was Executed Before Rate Hike.

Delhivery Faces Rs 1.32 Crore Income Tax Penalty; Plans to Contest Order

Company says penalty won’t impact financials; recently acquired Ecom Express for Rs 1,407 crore

Taxpayers Under Litigation Eligible for 50% Settlement Under 2020 Samadhan Scheme, Not Full Payment: MP High Court

The Madhya Pradesh High Court has held that taxpayers whose demands are under litigation at the appellate stage are entitled to benefit from the concessional 50% tax settlement under the MP Karadhan Adhiniyamon Ki Purani Bakaya Rashi Ka Samadhan Adhyadesh, 2020 (commonly known as the Samadhan Scheme).
Offer To Pay Tax On Additional Amount To Avoid Litigation Not Proof Of Undisclosed Income For Penalty: ITAT

ITAT Upholds Rs. 49.55 Lakh Addition For Bogus Agricultural Income Claim

The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench, has upheld the addition…
Assessee’s Negligence In Tracking Order Not A Fault Of Commissioner (Appeals): Delhi High Court Refuses To Condone Delay In Filing Second Appeal

ITAT Rejects ₹4 Crore Tax Additions Over Development Cost Misinterpretation

The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) has struck down…