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Recorded Loan Transactions Can’t Be Treated as Unexplained Money: ITAT 

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has deleted an addition...

Income Tax Revision Against Charitable Trust Over Rs. 6 Crore Utilisation of Accumulated Funds Quashed: Bombay High Court 

The Bombay High Court has dismissed an appeal filed by the Income Tax Department...

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...

Unregistered Banakhat Alone Not Sufficient To Prove Timely Property Purchase: ITAT

The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has restored to the...

Mere Absence Of Complete Vouchers Can’t Justify S. 145(3) Addition: ITAT Deletes Ad-Hoc Disallowance On Transportation Expenses

The Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) has held that ad-hoc...

Multiplex Lease Income Taxable as Business Income, Not House Property Income: ITAT 

The Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) has held that income...

Capital Gains Taxability Must Follow Actual Date Of Property Transfer, Not Mere Sale Deed Registration Date: ITAT

The Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) has held that capital...

Mere Error of Judgment by AO Can’t Invite Disciplinary Action Without Proof of Mala Fides: Rajasthan High Court

The Rajasthan High Court has held that mere error of judgment by the Assessing...

Karnataka High Court Quashes Ex-Parte Service Tax Demand Based on CBDT Inputs

The Karnataka High Court has set aside an ex-parte service tax adjudication order passed...

ITAT Delhi Encourages Virtual Hearings on Fridays, Seeks Reduced Physical Appearance

The Income Tax Appellate Tribunal (ITAT), Delhi Benches, has issued a notice adopting a...

Delhi HC Stays Benami Proceedings, Questions Foundational Material for Assumption of Jurisdiction U/s 24(1)

The Delhi High Court stayed further proceedings initiated under the Prohibition of Benami Property...

IBC Overrides Income Tax Act, But Dept. Can Determine Dues During Liquidation Proceedings: ITAT

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that while...

Latest articles

Medical Colleges Not Entitled to Five-Year Subvention After TMA Pai Verdict: Supreme Court

The Supreme Court has ruled that private professional colleges cannot claim continuation of the...

Non-Signatory Shareholder Bound by Arbitration Clause: Supreme Court 

The Supreme Court has held that a shareholder who did not sign a Memorandum...

Can Buyers Bypass MSME Council and Invoke Arbitration Act Directly? Supreme Court Leaves Question Open

The Supreme Court has left unresolved a significant legal question concerning the interplay between...

Statutory GST Appeal Can’t Be Circumvented by Mere Natural Justice Allegations: Bombay HC

The Bombay High Court has reiterated that allegations of violation of natural justice, without...