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Direct Tax
Tax Audit Extension Writ: Rajasthan Tax Consultants Association Moves Rajasthan HC; Notices to CBDT
The issue concerning extension of the tax audit report filing deadline has reached the...
Direct Tax
Delhi High Court Refuses Writ Plea Against 2019 Income Tax Assessment, Directs CIT(A) to Decide Appeal Within 2 Months
The Delhi High Court has declined to entertain a writ petition challenging an assessment...
Direct Tax
S. 69 IT Act: Can Disclosed Investments and Advances Be Treated as Unexplained? Calcutta HC Answers
The Calcutta High Court has dismissed an appeal filed by the Principal Commissioner of...
Direct Tax
No Substantial Question of Law in Transfer Pricing Dispute Involving Turnover Filter and Functional Comparables: Karnataka HC
The Karnataka High Court has dismissed the Revenue’s appeal concerning transfer pricing adjustments made...
Direct Tax
Punjab & Haryana HC Condones 34-Day Delay in ITR Filing
The Punjab and Haryana High Court has set aside an order of the Chief...
Direct Tax
ITAT Deletes ₹75.24 Lakh S. 69C Addition Against Dabur India
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has allowed appeals filed...
Direct Tax
Income Tax Portal Users Face Form 141 Filing Hurdle, Grievance Mechanism Yet to Reflect New Tax Act
Taxpayers are reportedly facing difficulties while filing and making payments of tax deducted at...
Direct Tax
Failure to Prove False Statement and Falsification of Accounts: Rajkot Court Acquits Accused Under Sections 277, 277A of Income Tax Act
The Additional Judicial Magistrate First Class, Rajkot, has acquitted an accused facing prosecution under...
Direct Tax
S. 148 Notice Quashed for Lack of Jurisdiction: Punjab & Haryana HC Cites NFAC’s Exclusive Power
The Punjab and Haryana High Court has disposed of a writ petition challenging reassessment...
Direct Tax
SAFEMA Appellate Tribunal Quashes Benami Property Attachment Over Procedural Violation in Rs. 1.07 Crore Jewellery Case
The Appellate Tribunal under SAFEMA at New Delhi has set aside an order confirming...
Direct Tax
S. 143(1) Intimation Issued After Scrutiny Notice U/s 143(2) Void Ab Initio: ITAT
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench, has held that an intimation issued...
Direct Tax
S. 151 Approval Failed to Consider Assessee’s Reply: Calcutta High Court Quashes Reassessment Notice
The Calcutta High Court has set aside reassessment proceedings for Assessment Year 2017-18 after...
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...