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Direct Tax
MPID Act Overrides Income Tax, PMLA Claims: Bombay High Court Upholds Release of Seized Rs. 60 Crore for Investor Repayment
The Bombay High Court while upholding the release of seized Rs. 60 Crore for...
Direct Tax
Self-Generated Trademark Sale Not Taxable as Capital Gains Before AY 2002-03: Gujarat HC
The High Court of Gujarat has held that consideration received from the transfer of...
Direct Tax
Absence of Proper Declarations Under S. 194C(6) Can Be Rectified Before Appellate Authority: Gujarat High Court
The Gujarat High Court has permitted a transporter to submit fresh declarations before the...
Direct Tax
Delhi HC Quashes 20% Pre-Deposit Condition in TDS Demand, Grants Stay Despite Pending Appeal
The Delhi High Court has set aside an order directing the assessee to deposit...
Direct Tax
Reassessment Notice Issued Beyond ‘Surviving Time’ Under Income Tax Act Quashed: Gujarat High Court
The Gujarat High Court has quashed a reassessment notice issued to an assessee for...
Direct Tax
No TCS on Compounding Fee for Illegal Mining: Supreme Court
The Supreme Court has refused to interfere with the Chhattisgarh High Court Judgement by...
Direct Tax
Unexplained Cash Deposits: ITAT Upholds Addition After Assessee Fails to Prove Source
The Income Tax Appellate Tribunal (ITAT), Delhi Bench has upheld an addition of Rs....
Direct Tax
Reassessment Based Solely on Investigation Wing Report Without Independent Application of Mind Is Invalid: ITAT
The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has quashed a reassessment holding that...
Direct Tax
Abhisar Buildwell Pvt. Ltd. v. ACIT Ratio Applies To New Reassessment Regime: ITAT Says Additions Pursuant To Search Need Incriminating Material
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that no addition...
Direct Tax
No Cancellation of Charitable Registration Without ‘Specified Violation’: ITAT
The Income Tax Appellate Tribunal (ITAT), Delhi Bench has set aside the order of...
Direct Tax
Provisional Attachment Can’t Be Exercised Merely On Apprehension Of Future Tax Demand: Rajasthan High Court
The Rajasthan High Court has held that the power of provisional attachment is a...
Direct Tax
Declaring Inflated Stock to Bank for Higher Cash Credit Is ‘Commercial Immorality’: J&K and Ladakh High Court Upholds Income Tax Addition
The Jammu & Kashmir and Ladakh High Court while upholding Income Tax Addition, held...
Latest articles
Company & PMLA
Liquidation After Successful Resolution Applicant Backtracks From CoC-Approved RP: Supreme Court
The Supreme Court has held that a Successful Resolution Applicant (SRA) cannot withdraw from...
Other Laws
S. 138 NI Act Proceedings Continue Despite Personal Insolvency Moratorium Under IBC: Supreme Court
The Supreme Court has held that proceedings under Section 138 of the Negotiable Instruments...
Other Laws
No TIP, Doubtful Identification: Supreme Court Acquits Convicts In Rape-Murder Case
The Supreme Court has acquitted two men who had been sentenced to death in...
Other Laws
Supreme Court Dissolves Marriage Under Article 142 Despite Wife Opposing Mutual Divorce, Grants Rs. 50 Lakh Permanent Alimony
The Supreme Court has exercised its extraordinary powers under Article 142 of the Constitution...