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Direct Tax
7 Patanjali Income Tax Appeals Quashed Citing ITAT’s Unreasoned Common Order: Delhi High Court
The Delhi High Court has set aside a common order by the Income Tax...
Direct Tax
Bombay High Court Remands ITAT Matter Over Failure to Consider Paper Book Filed With Rule 29 Affidavit
The Bombay High Court has partly set aside an order of the Income Tax...
Direct Tax
Business Travel Expenses Can’t Be Disallowed Merely Because Payments Were Made Through Spouse’s Credit Card: ITAT
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that there...
Direct Tax
Actuarially Determined Provision for Credit Guarantee Claims Is Allowable Deduction: ITAT
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that a...
Direct Tax
CBDT’s Revised Rs. 2 Crore Tax-Appeal Limit Applies to Pending Cases; Later Exceptions Can’t Operate Retrospectively: Bombay High Court
The Bombay High Court has disposed of an Income Tax Department appeal involving a...
Direct Tax
Reassessment Beyond 3 Years Requires PCCIT Sanction: ITAT Quashes Notice Approved by CIT
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has quashed reassessment proceedings...
Direct Tax
Stamp Duty Value Must Be Determined on Property Allotment Date If Part-Payment Made Through Banking Channel: ITAT
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has deleted an addition...
Direct Tax
S. 143(2) Notice Issued by ITO Beyond Rs. 30 Lakh Pecuniary Limit Invalid: ITAT
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has quashed an income...
Direct Tax
Reassessment Notice Issued Without Principal Chief Commissioner’s Approval Invalid: ITAT
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has quashed reassessment proceedings...
Direct Tax
1 Month Delay in E-Verifying Income Tax Return Due to Portal Glitches Can’t Deny Old Tax Regime Benefits: ITAT
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has quashed an adjustment...
Direct Tax
Black Money Act Penalty Not Automatic: ITAT Deletes Rs. 70 Lakh Penalty for Non-Disclosure of German Bank Account
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has upheld the deletion...
Direct Tax
Reassessment Beyond 3 Years Invalid Where Escaped Income Is Below Rs. 50 Lakh: ITAT
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has quashed reassessment proceedings...
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...