Faceless Appeal Unit Drops Rs. 5 Crore Loan Addition Under Section 68 in AY 2014-15
In a significant relief to a taxpayer, the Faceless Appeal Unit has dropped the proposed addition of ₹5 crore under Section 68 of the...
13-Year Delay in Tax Appeal: ITAT Indore Accepts Commercial Pilot’s Plea, Orders Fresh Assessment
The Indore Bench of the Income Tax Appellate Tribunal (ITAT) has granted relief to commercial pilot Jay Krishnan Nair by setting aside a 13-year-old...
COVID Limitation Relief Applies Even ITR Filing: Madhya Pradesh HC
The Madhya Pradesh High Court has held that the COVID limitation relief applies to all persons irrespective of proceedings.The bench of Justice Vivek Rusia...
INCOME TAX BREAKING | Excel Utilities for ITR-2 and ITR-3 for AY 2025-26 Now Available for Filing
The Income Tax Department has officially announced that the Excel Utilities for Income Tax Return (ITR) forms ITR-2 and ITR-3 for the Assessment Year...
Bombay High Court Quashes ITAT Rectification Order Citing Lack of “Apparent Error”
The Bombay High Court has set aside the Income Tax Appellate Tribunal’s (ITAT) rectification order that had reversed a deduction previously granted in relation...
Delhi High Court Quashes Income Tax Reassessment for Adding Fresh Allegations Not Mentioned in Original Notice
Assessing Officer cited Rs. 11.37 crore in remittances despite original notice alleging only Rs. 6.5 crore; Court finds action beyond legal mandate.
Delhi High Court Quashes Rs. 20 Crore Capital Gains Addition Over Pre-Circle Rate Property Deal
Court Rules Section 50C of Income Tax Act Not Applicable as Agreement to Sell Was Executed Before Rate Hike.
Delhivery Faces Rs 1.32 Crore Income Tax Penalty; Plans to Contest Order
Company says penalty won’t impact financials; recently acquired Ecom Express for Rs 1,407 crore
Taxpayers Under Litigation Eligible for 50% Settlement Under 2020 Samadhan Scheme, Not Full Payment: MP High Court
The Madhya Pradesh High Court has held that taxpayers whose demands are under litigation at the appellate stage are entitled to benefit from the concessional 50% tax settlement under the MP Karadhan Adhiniyamon Ki Purani Bakaya Rashi Ka Samadhan Adhyadesh, 2020 (commonly known as the Samadhan Scheme).
ITAT Upholds Rs. 49.55 Lakh Addition For Bogus Agricultural Income Claim
The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench, has upheld the addition of ₹49,55,101 to the taxable income of an assessee, Jigar Patel, treating...
ITAT Rejects ₹4 Crore Tax Additions Over Development Cost Misinterpretation
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) has struck down over Rs. 4 crore in tax additions made by the revenue authorities,...
ITAT Cracks Down on Farmland Black Money Deals: This Ruling Makes Hidden Cash Taxable
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) has taken direct aim at a long-running method of converting black money into white using...
WhatsApp Chats as Evidence in Income Tax Cases: Legal Recognition with Conditions
As digital communication increasingly shifts to platforms like WhatsApp, questions about the evidentiary value of such chats in legal and tax proceedings are becoming...
PAN Not Mandatory For Lower TDS Under DTAA: Gujarat High Court
The Gujarat High Court has held the Permanent Account Number (PAN) is not mandatory for lower Tax Deducted At Source (TDS) under Double Tax...
Assessee Can’t Be Penalised U/s 271(1)(c) Of Income-tax Act For Merely Raising Plausible Claim: Bombay High Court
The Bombay High Court has held that the assessee cannot be penalised under section 271(1)(c) of the Income-tax Act for merely raising a plausible...
ITAT Reopens Rs. 76 Lakh Bogus Purchase Case, Slams CIT(A) for Ignoring Fraud Red Flags
The Income Tax Appellate Tribunal (ITAT), Raipur Bench, has set aside the order of the Commissioner of Income Tax (Appeals) , Delhi (NFAC), in...
Himachal Pradesh High Court Quashes NFAC Order, Slams Anarchy From Defiance of Appellate Authority Rulings
The Himachal Pradesh High Court has quashed the order passed by National Faceless Appeal Centre (NFAC) and slammed anarchy from defiance of appellate authority...
AO Must Know Reassessment Notice Have Serious Civil Or Evil Consequences, Can’t Be Passed Without Reasons: Himachal Pradesh HC
The Himachal Pradesh High Court has held that the Assessing Officer (AO) must know reassessment notice has serious civil or evil consequences and cannot...
Allahabad HC Quashes S. 131(1A) Notice Issued After conclusion Of Income Tax Search, Seizure
The Allahabad High Court has quashed the notice issued under Section 131(1A) of the Income Tax Act after conclusion Of income tax search and...
Rs. 25.3 Lakh Cash Seizure by DGGI, Income Tax Dept.: Delhi High Court Refuses To Interfere
The Delhi High Court has declined to grant interim relief to the petitioner firm seeking the release of Rs. 25.3 lakh in cash seized...
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