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Direct Tax
Can Cash Deposits Be Taxed as Unexplained Money Despite a Documented Trail of Gifts and Bank Withdrawals? ITAT Answers
The Jaipur Bench of the Income Tax Appellate Tribunal (ITAT) has deleted an addition...
Direct Tax
Can an ITO Issue S. 148 Notice When Jurisdiction Lies With an AC/DC? ITAT Ans.
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has quashed a reassessment...
Direct Tax
Can Cash Seized by Excise Officers Be Requisitioned for Income Tax Assessment? ITAT Upholds Addition
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has upheld an ₹80.10...
Direct Tax
Search Assessments Quashed | Unsecured Loans and Travel Expenses Can’t Extend Assessment Period: ITAT
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has found that the...
Direct Tax
Income Tax Assessment U/s 143(3) Quashed After Search: ITAT Says S. 148 Procedure Was Required
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has quashed a regular...
Direct Tax
Post-Search Assessment Under Wrong Provision Quashed: ITAT
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has quashed two assessments...
Direct Tax
Rs. 13.32 Crore Development Fee Collected by Educational Trust Treated as Corpus Receipt: ITAT
The Income Tax Appellate Tribunal (ITAT), Delhi, has upheld the treatment of ₹13.32 crore...
Direct Tax
Survey Disclosure Alone Doesn’t Establish Misreporting: ITAT
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has deleted a penalty...
Direct Tax
Jewellery Found in Locker Doesn’t Automatically Become Unexplained Income: ITAT
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has deleted an addition...
Direct Tax
Income Tax Officer Can’t Demand Proof That No Appeal Was Filed: Delhi High Court
The Delhi High Court has held that an Assessing Officer should not require a...
Direct Tax
Religious References Alone Can’t Deny S. 80G Approval: ITAT
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has held that an...
Direct Tax
Reopening for AY 2015-16 Invalid After Six-Year Limitation: ITAT
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that a...
Latest articles
Indirect Taxes
CENVAT Credit Eligibility Bars Extended Limitation, But Doesn’t Wipe Out Reverse Charge Service Tax Liability: CESTAT
The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), New Delhi, has held that...
Indirect Taxes
Offshore Services Claim Needs Evidence; Service Tax Paid by ONGC Must Be Verified: CESTAT
The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), New Delhi, has directed fresh...
Direct Tax
Share Valuation Can’t Be Rejected Without Expert Opinion Merely Because Projections Differ From Actual Results: ITAT
The Income Tax Appellate Tribunal (ITAT), Mumbai, has deleted a share premium addition under...
Company & PMLA
ED Arrests Advocate Over Alleged Bribes to Unfreeze Accounts in Rs. 28,000 Crore Cyber Fraud Network Probe
The Enforcement Directorate (ED) has arrested an advocate for allegedly helping a nationwide cyber...