HomeDirect Tax

Direct Tax

Keep exploring

Income Tax Dept. Grants 10-Year Registration U/s 12AB to Religious Institution, Subject to Strict Compliance Conditions [READ ORDER]

The Commissioner of Income Tax (Exemptions), Chandigarh, has granted registration under Section 12AB(1)(b) of...

Bhagavad Gita Discourses Do Not Make Trust Religious; ITAT Directs 12AB Charitable Status and 80G Approval

The Chandigarh Bench of the Income Tax Appellate Tribunal (ITAT) has held that dissemination...

Assessment Time Limit Can’t Be Extended by Invoking General DVO Provision Where S. 50C Specifically Applies: ITAT

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has held that the...

Unexercised ESOP Buyback Taxable as Capital Gains, Not Salary Perquisite: ITAT

The Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) has held that unexercised...

Black Money Act Notice Issued Nearly 1 Year Late, Holds CBDT’s 30-Day Timeline Binding: ITAT

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has quashed Black Money...

Form 26AS Import Glitch Surfaces on ITR Due Date

After an otherwise smooth Income Tax Return (ITR) filing season, several taxpayers and tax...

Warnings Against AI-Generated Hallucinated Citations: Delhi HC Quashes Income Tax Appellate Order Based on Non-Existent Judgment

The Delhi High Court has delivered a significant ruling on the growing menace of...

Bombay HC Declines to Decide India–China DTAA Taxability Issue While Same Dispute Is Pending Before ITAT

The Bombay High Court has declined to adjudicate a significant international taxation dispute involving...

Gujarat High Court Upholds ITAT’s 10% Addition in Bogus Purchase Case

The Gujarat High Court has reaffirmed that where an assessee's sales are accepted and...

Income Tax Addition Based Solely on GST Allegations Can’t Survive Once GST Demand Is Quashed: ITAT 

The Jaipur Bench of the Income Tax Appellate Tribunal (ITAT) has deleted an addition...

Income Tax Dept. Can’t Recover Tax Claims After NCLT-Approved RP If Dues Were Never Lodged During CIRP: Bombay High Court

The Bombay High Court has reaffirmed the supremacy of the Insolvency and Bankruptcy Code...

Cruise Operators Eligible for Presumptive Tax U/s 44B; Onboard Hospitality Doesn’t Change Nature of Passenger Carriage: Supreme Court

The Supreme Court has held that cruise operators providing passenger transportation remain eligible for...

Latest articles

Stereotyped Eyewitness Testimony and Medical Contradictions Justify Acquittal: Supreme Court Refuses to Restore Conviction

The Supreme Court has refused to interfere with a Bombay High Court judgment acquitting...

Revenue Records Showing Shamilat Deh Prevail Over Private Ownership Claims: Supreme Court

The Supreme Court has delivered a landmark judgment clarifying the legal status of shamilat...

Functional Disability, Not Just Medical Disability, Must Determine Motor Accident Compensation: Supreme Court

The Supreme Court has substantially enhanced the compensation payable to a child who suffered...

Can Separate Convictions Under Sections 20, 25 & 29 of the NDPS Act Arise From the Same Transaction? Supreme Court Explains

The analysis on the issue "Can Separate Convictions Under Sections 20, 25 & 29...