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Direct Tax
Cash Seized Without Verifiable Source Can Be Treated as Benami Property; Filing ITR Later Doesn’t Bar Action: SAFEMA Appellate Tribunal
The Appellate Tribunal under the Prohibition of Benami Property Transactions (PBPT) Act has dismissed...
Direct Tax
ITAT Has No Power to Condon Delay Beyond Six Months in Rectification Applications U/s 254(2)
The Pune Bench of the Income Tax Appellate Tribunal (ITAT) has ruled that it...
Direct Tax
ITAT Quashes Nine S. 153C Assessments Over Defective Satisfaction Note and Limitation Issues
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has quashed nine assessments...
Direct Tax
Appellate Authority Must Decide Whether AO Exceeded Limited Scrutiny Scope Without Converting Case Into Full Scrutiny: ITAT
The Pune Bench of the Income Tax Appellate Tribunal (ITAT) has restored a matter...
Direct Tax
Payments for Overseas ‘Live Sports Broadcasting Rights’ Not Taxable as Royalty: ITAT
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has upheld the deletion...
Direct Tax
Mere Delay Can’t Nullify Departmental Proceedings Against Retired Principal Commissioner of Income Tax: Gauhati HC
The Gauhati High Court has held that delay in initiating disciplinary proceedings against a...
Direct Tax
Company Expenses Can’t Be Disallowed as “Personal Expenses”; No Personal Use Concept Applies to a Company: Delhi HC
The Delhi High Court has held that expenses incurred by a company on telephones...
Direct Tax
S. 148 Return Accepted Without Additions, S. 270A Penalty for Under-Reporting Can’t Be Sustained for Non-Filing of Original Return: ITAT
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has held that where...
Direct Tax
Assessment Order Passed Beyond Limitation Period Invalid; Rs. 287 Crore Addition Based on Third-Party Seized Material Quashed: ITAT
The Hyderabad Bench of the Income Tax Appellate Tribunal (ITAT) has granted major relief...
Direct Tax
ITAT Rectification Power U/s 254(2) Can’t Be Used To Re-Argue Merits: Allahabad HC
The Allahabad High Court has held that the Income Tax Appellate Tribunal’s power under...
Direct Tax
Income Tax Dept. Prioritises Rs. 5 Crore+ Tax Cases
The Income Tax Department has introduced a new litigation management strategy for FY 2026–27...
Direct Tax
IEX Rates Can’t Be Used As Benchmark For Transfer Pricing Of Captive Power Supply: Delhi HC
The Delhi High Court has dismissed an appeal filed by the Income Tax Department...
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GST
GST Refund Can’t Be Rejected Without Considering Reply to SCN: Punjab & Haryana High Court
The Punjab and Haryana High Court has quashed an order rejecting a taxpayer's GST...
Direct Tax
Absence of Satisfaction in Assessment Order Invalidates S. 271E Proceedings: ITAT Quashes Rs. 60 Lakh Penalty Over Procedural Lapse
The Rajkot Bench of the Income Tax Appellate Tribunal (ITAT) has set aside a...
Columns
GSTAT Limitation Period Explained: How 3+3 Rule Can Decide the Fate of Your GST Appeal?
A single missed deadline can cost a taxpayer the right to challenge an adverse...
Columns
New Tax Regime: Hidden House Property Loss Restriction That Many Taxpayers Miss U/s 115BAC
While most discussions on the New Tax Regime revolve around lower tax slabs and...