ITAT Must Serve Orders on Assessee, Not Just CA Acting as AR Without Specific Authorisation: Bombay High Court
The Bombay High Court at Goa has held that the Income Tax Appellate Tribunal (ITAT) must serve orders on assessee, not just Chartered Accountant...
Mere Company Registration, ITR Not Sufficient To Prove Creditworthiness: Calcutta High Court
The Calcutta High Court had held that mere company registration and income tax returns (ITR) were not sufficient to prove creditworthiness.The bench of Chief...
Technical Glitches Hit Income Tax Filing Portal Amid Filing Rush
Chartered accountants and taxpayers have taken to social media to report that the Form 26AS website is not working, the Annual Information Statement (AIS)...
CA Raises Alarm Over Rs. 5K Late Fee in ITR Filing Despite Deadline Extension
A prominent chartered accountant has sparked a debate on social media after publicly questioning a Rs. 5,000 late fee imposed under the Income Tax...
Jewellers Use Banned LIFO Method to Evade Taxes, Say Tax Authorities
In a major revelation, the Income Tax Department has unearthed a clever accounting ploy allegedly used by several jewellers to reduce tax liabilities amid...
Income Tax Dept Raids Jane Street and Nuvama in Mumbai Amid Alleged Market Manipulation Probe
On July 31, 2025, the Income Tax Department conducted survey operations at the Mumbai offices of US-based trading giant Jane Street and its Indian...
Delhi High Court Delivers Major Relief to Hedge Funds: Slashes 40% Tax Blow from 2014 CBDT Circular
The Delhi High Court has struck down a controversial interpretation of a 2014 Central Board of Direct Taxes (CBDT) circular, offering significant tax relief...
Bombay High Court Stays Tax Demand Against Municipal Corporation Over TDS on TDR Issuance
The Bombay High Court has stayed an Income Tax Department order declaring the civic body as an “assessee in default” for not deducting Tax...
Facility for Filing Updated Returns for AY 2021-22 & AY 2022-23 Now Available for ITR-1 & ITR-2
The Income Tax Department has announced that the facility for filing Updated Returns for Assessment Years (AY) 2021-22 and 2022-23 is now available for...
Cash Loans Above Rs. 20K in Violation of Income Tax Act Not Legally Enforceable Debt: Kerala High Court
The Kerala High Court has ruled that cash loans exceeding Rs. 20,000, in violation of the Income Tax Act, cannot be treated as a...
Sitharaman Orders Swift Withdrawal of Low-Value Tax Appeals to Cut Litigation Load
In a major push to reduce tax-related litigation and improve service delivery, Union Finance Minister Nirmala Sitharaman has instructed the Central Board of Direct...
ITR Not Conclusive Proof of Income: Calcutta High Court Hikes Maintenance to Estranged Wife
The Calcutta High Court has ruled that income tax returns cannot be treated as conclusive evidence of actual income in maintenance cases and enhanced...
Congress Violates Rs. 2,000 Cash Donation Cap: ITAT Upholds Rs. 199 Crore Income Tax Demand
The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has upheld a tax demand of approximately ₹199.15 crore on the Indian National Congress (INC) for...
Non-Faceless Income Tax Reassessment Notices Are Invalid: Supreme Court
Supreme Court Confirms Mandatory Faceless Protocol for Section 148 Notices, Upholds Telangana High Court Ruling.The Supreme Court has upheld a ruling of the Telangana...
No Section 14A Disallowance If No Exempt Income Earned: Delhi High Court Dismisses Income Tax Dept’s Appeal
The Delhi High Court has dismissed the Income Tax Department’s appeal challenging an Income Tax Appellate Tribunal (ITAT) order which ruled in favour of...
Fake Tax Claims Can Backfire: Income Tax Dept. Launches Crackdown on Bogus Deductions
The Income Tax Department has launched a nationwide crackdown on fraudulent deduction claims, conducting raids at over 200 premises suspected of misusing tax exemptions...
Income Tax Raids on CA and CS’s Home and Office in Meerut
The Income Tax Department conducted large-scale raids on Monday at the residence and offices of Chartered Accountant Nikhil Gupta, his brother and Company Secretary...
Gujarat High Court Quashes Rejection of Foreign Tax Credit Claim Over Procedural Delay in Form 67 Filing
The Gujarat High Court has allowed the petition of Deepak Pragjibhai Gondaliya, who was earlier denied foreign tax credit due to the delayed filing...
Salary Earned By Chinese Tax Resident for Work Performed in China Not Taxable in India Even If Credited to Indian Bank Account: ITAT
The Income Tax Appellate Tribunal (ITAT), Chennai Bench, has held that salary income earned by a Chinese tax resident for work performed in China...
Income Tax Dept. Cracks Down on Bogus Deductions, Rs. 1,045 Crore in False Refunds
In a sweeping enforcement move, the Income Tax Department has launched a large-scale verification operation across several states in India to tackle fraudulent claims...
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