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Cash Deposit Explained as Land Sale Advance: Income Tax Dept. Accepts Return After Detailed Reassessment

The Income Tax Department has accepted the returned income of ₹1,50,423 filed by Ajit...

Undated Loose Sheets ‘Dumb Documents’ in Search Assessment: ITAT

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has deleted additions exceeding...

TDS Credit Can’t Be Allowed to Go Waste Due to CA’s Lapse: Delhi High Court 

The Delhi High Court has set aside an order of the Principal Commissioner of...

Can the Income Tax Dept. Delay Infinitely Your Refund After Allowing An Appeal? Orissa High Court Answers

The Orissa High Court has directed the Income Tax Department to release the refund...

Reassessment Invalid If No Addition Made on Recorded Reasons’; S. 68 Can’t Apply to Genuine Share Sale Proceeds: ITAT

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has quashed reassessment proceedings...

Procedural Lapse Should Not Deny Concessional Tax Regime: ITAT Directs Condonation of Delay in Filing Form 10IC 

The Delhi Bench of Income Tax Appellate Tribunal has directed the Principal Commissioner of...

S. 54B Deduction Can’t Be Denied Without Properly Confronting Evidence on Agricultural Use: ITAT

The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has dismissed the department’s appeal and...

Tax Revision Petitions Revive Automatically on Default Under DTVSV Act: J&K and Ladakh High Court 

The High Court of Jammu & Kashmir and Ladakh has held that revision petitions...

Supreme Court Directs Income Tax Dept. to Grant Parity-Based Regularisation from 2006

The Supreme Court has directed the regularisation of services of several daily-wage workers engaged...

Nil TDS Certificate for Same Parties, Same Transactions: Delhi HC

The Delhi High Court has set aside an order of the Income Tax Department...

GoDaddy’s Domain Registration Income Is Not Taxable in India: HC Slams Tax Dept. for Ignoring Binding Precedent 

The Delhi High Court has quashed an order passed by the Income Tax Department...

Reassessment Can’t Be Solely Based on Audit Objection: Delhi HC Upholds NTPC’s 80-IA Exemption Claims

The Delhi High Court has dismissed two appeals filed by the Income Tax Department...

Latest articles

CBI Books GST Superintendent in Fresh FIR Over Rs. 20.40 Lakh Disproportionate Assets Case

The anti-corruption branch of the Central Bureau of Investigation (CBI) has registered a second...

No Estoppel in Tax Classification: Madras High Court Allows Reclassification of Processed Tobacco as ‘Unmanufactured Tobacco’

The Madurai Bench of the Madras High Court has held that tobacco subjected only...

CBI Officials Convicted for Illegal Arrest of IRS Officer; Court Says Action Was Malafide and Beyond Official Duty

A court at Tis Hazari Courts has convicted two officials of the Central Bureau...

GST Confiscation Notice Invalid if ‘Intent to Evade Tax’ Not Formed Within 6 Days: Gujarat High Court

The Gujarat High Court has quashed a confiscation notice issued under Section 130 of...