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Direct Tax
Demonetisation Cash Deposit Case: ITAT Holds Documented Foreign Remittances Can’t Be Treated as Unexplained Income
The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has granted relief to a non-resident...
Direct Tax
Delay in ITR Utilities | CBDT Yet to File Affidavit Despite 2015 Direction: Gujarat High Court Posts The Matter On June 23
The Gujarat High Court has once again taken note of the continued delay in...
Direct Tax
Commissioner Can’t Invoke Revisionary Power Where AO Takes Plausible View Based on DVO Valuation: Gujarat High Court
The Gujarat High Court has held that the revisionary power under Section 263 of...
Direct Tax
Agricultural Land Not ‘Capital Asset’, No Basis to Treat Sale As Capital Gains: ITAT
The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has set aside revisionary proceedings initiated...
Direct Tax
No Addition Due to PAN Linkage—Cash Deposits in Trust’s Bank Account Can’t Be Taxed in Individual’s Hands Without Proof of Ownership: ITAT
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has held that mere...
Direct Tax
No Basis to Doubt Loan Once Identity, Creditworthiness & Genuineness Established: ITAT Upholds Deletion of Rs. 2 Cr Addition
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has dismissed the Revenue’s...
Direct Tax
No Material Collected During Search or Post-Search Enquiries, Revealing Any Actual Commission Income from Alleged Accommodation Entries: ITAT
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has quashed reassessment proceedings...
Direct Tax
Supreme Court Sends JAO vs Faceless Reassessment Dispute Back to High Courts; Validity of Retrospective Law Still Open
The Supreme Court has set aside multiple High Court judgments that had quashed reassessment...
Direct Tax
Income Tax Disclosures in Election Affidavit Can’t Be Examined via Writ: Madras High Court
The Madras High Court has dismissed a writ petition seeking verification of a candidate’s...
Direct Tax
S. 80HHC Deduction Can’t Be Reduced by Prior S. 80IA Deduction: Madras High Court
The Madras High Court has held that deduction under Section 80HHC cannot be computed...
Direct Tax
Once Income Tax Non-Payment Are Established, Mens Rea Presumed; Quash Plea Under Section 482 CrPC/528 BNSS Not Maintainable: Madras High Court
The Madras High Court has held that once tax liability and non-payment are established,...
Direct Tax
Allahabad High Court Dismisses Writ Petition Challenging Income Tax Reassessment Citing Alternative Remedy
The Allahabad High Court has dismissed a writ petition challenging an assessment order passed...
Latest articles
Direct Tax
Vivad Se Vishwas Benefit Can’t Be Denied Merely Because Case Originated From Survey Material Linked to Search Proceedings: Gujarat High Court
The Gujarat High Court has held that an assessee cannot be denied the benefit...
Indirect Taxes
CESTAT Quashes Excise Duty Demand Before March 2008 in Alleged MRP Suppression Case, Orders Fresh Recalculation
The Ahmedabad Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has...
Indirect Taxes
No Sugar Cess Payable on Sugar Exported Out of India: CESTAT
The Ahmedabad Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has...
Indirect Taxes
DGFT Public Notice Can’t Impose Actual User Condition on Transferable DFIA: CESTAT
The Kolkata Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has...