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Direct Tax
LTCG Addition Unsustainable in Absence of Direct Evidence Linking Assessee to Penny Stock Manipulation: ITAT
The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has delivered a significant ruling in...
Direct Tax
HCL Infosystems Wins: ITAT Quashes Assessment on Non-Existent Entity
In a major relief to HCL Infosystems, the Income Tax Appellate Tribunal (ITAT), Delhi...
Direct Tax
No Incriminating Material Seized During Search Invalidates S. 153C Assessment: ITAT
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has set aside an...
Direct Tax
ITAT Upholds Deletion of Addition on Agricultural Income Citing Lack of Contrary Evidence
The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has dismissed the appeal filed by...
Direct Tax
Delay in Filing Revised ITR Condoned Citing Cancer Treatment: Bombay High Court
The Bombay High Court has condoned the delay in filing a revised income tax...
Direct Tax
Dhobi Receives Rs. 598 Crore Tax Notice Over Alleged Diamond Trade, Claims Identity Misuse
In a startling case of suspected identity fraud, a roadside washerman in Ajmer has...
Direct Tax
Revision Invalid Where AO Conducted Inquiry, Adopted Plausible View on Demonetisation Cash Deposits: ITAT
The Income Tax Appellate Tribunal (ITAT), Surat Bench, has set aside revisionary orders passed...
Direct Tax
Delay in Passing Assessment Order Bars Tax Demand; Mandates Acceptance of ITR: Bombay High Court
The Bombay High Court has held that failure of the Income Tax Department to...
Direct Tax
Gujarat High Court Pulls Up Income Tax Department for Non-Compliance with E-Filing Deadline Directions
The Gujarat High Court has expressed serious concern over the continued failure of the...
Direct Tax
Interest on Consumer Security Deposit Is Not Contingent Liability: Delhi HC Dismisses Income Tax Dept. Appeal
The Delhi High Court has held that interest payable on consumer security deposits is...
Direct Tax
Supreme Court Dismisses Cross-Border Telecom Tax Appeal Over 503-Day Delay
The Supreme Court has dismissed a Special Leave Petition (SLP) filed by the Income...
Direct Tax
No Penalty on Income Surrendered During Survey: ITAT
The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench, has held that no penalty for...
Latest articles
Direct Tax
Vivad Se Vishwas Benefit Can’t Be Denied Merely Because Case Originated From Survey Material Linked to Search Proceedings: Gujarat High Court
The Gujarat High Court has held that an assessee cannot be denied the benefit...
Indirect Taxes
CESTAT Quashes Excise Duty Demand Before March 2008 in Alleged MRP Suppression Case, Orders Fresh Recalculation
The Ahmedabad Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has...
Indirect Taxes
No Sugar Cess Payable on Sugar Exported Out of India: CESTAT
The Ahmedabad Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has...
Indirect Taxes
DGFT Public Notice Can’t Impose Actual User Condition on Transferable DFIA: CESTAT
The Kolkata Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has...