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Direct Tax
Nominee Director Not Immune from Prosecution in TDS Default Cases; Trial Necessary to Determine Liability: Madhya Pradesh High Court
The Madhya Pradesh High Court has held that a nominee director cannot claim blanket...
Direct Tax
Income Tax Exemption On Compensation Received By BSNL Employees Under its 2019 VRS
The Income Tax Appellate Tribunal (ITAT), Pune Bench has held that compensation received by...
Direct Tax
Assessment Can Proceed Except on Issues Pending For Advance Ruling: Delhi High Court
The Delhi High Court has held that income tax assessment proceedings need not be...
Direct Tax
CBI Can’t Bypass Crucial Evidence”: Court Warns Against Misclassifying Exculpatory Material in CCTV Alibi
A Special Court in Delhi has underscored the critical duty of investigating agencies, including...
Direct Tax
Reassessment Quashed | Time-Barred S. 143(2) Notice Invalidates Jurisdiction; S. 292BB Can’t Cure Defect: ITAT
The Income Tax Appellate Tribunal (ITAT), Visakhapatnam Bench has held that the reassessment proceedings...
Direct Tax
Borrowed Evidence From ED Not Enough for S. 153A Additions: ITAT
The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has held that additions under Section...
Direct Tax
Govt. Subsidies Not Directly Attributable To Acquisition Of Specific Capital Assets, Taxable As Income: ITAT
The Pune Bench of the Income Tax Appellate Tribunal (ITAT) has held that government...
Direct Tax
No Addition on Alleged Bogus Purchases Without Evidence: ITAT
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has held that no...
Direct Tax
Tax-Practising Community Trusts Can’t Be Denied Registration for Lack of ‘Irrevocability Clause’ Under Income-tax Act: Bombay HC
The Bombay High Court has held that charitable trusts of tax-practising communities cannot be...
Direct Tax
Technical Glitch Can’t Deny Tax Relief Under SVLDRS: Bombay HC
The Bombay High Court emphasized that technical glitch cannot deny tax relief under Sabka...
Direct Tax
CBDT Clarifies Authority for Condonation of Delay in Form 10A Filings
The Central Board of Direct Taxes (CBDT) has clarified that the jurisdictional Principal...
Direct Tax
Aborted IPO Expenses Allowable as Revenue, Forex Losses Not Speculative: ITAT
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has held that the...
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Other Laws
Supreme Court Upholds Life Imprisonment Of Two Convicts In 8-Year-Old Boy Kidnapping For Ransom Case
The Supreme Court has upheld the conviction and life imprisonment awarded to two accused...
Other Laws
Acquittal of Central Excise Officials Allegedly Involved In Rs. 80K CBI Bribery Trap Case: Supreme Court
The Supreme Court has upheld the acquittal of Central Excise officials accused in a...
Direct Tax
Non-Appearance Of Directors Alone Can’t Justify Treating Share Capital As Bogus: ITAT
The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) has held that addition...
GST
200% GST Penalty For Expired E-Way Bill Delayed By Just 50 Minutes Is Too Harsh: Calcutta High Court
The Calcutta High Court has held that imposition of a 200% penalty under Section...