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Parallel Proceedings U/S 143(3) and 147 Impermissible: ITAT Quashes Reassessment Against Lalit Kumar Modi 

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) quashed the reassessment proceedings...

Unexplained Negative Cash Balance Can’t Be Justified by Unverified Cash Gifts: Andhra Pradesh HC

The Andhra Pradesh High Court while upholding the Income Tax addition as unexplained income...

CSR Donations Eligible for S. 80G Deduction: ITAT Remands TDS Disallowance on Expense Provisions for Verification

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has remanded the issue...

Energy-Efficient Street Lighting Project Integral to Road Infrastructure: ITAT Allows Deduction

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has allowed a deduction...

Failure To Decide Immunity Application U/S 270AA Vitiates Penalty Proceedings: ITAT

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has quashed a penalty...

Mere Suspicion or General Investigation Reports Can’t Justify Treating Share Transactions as Bogus; LTCG Exemption Allowed: ITAT

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

LTCG From Sale of Shares Eligible for S. 10(38) Exemption for Insurers: ITAT 

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

Agricultural Income Return Insufficient to Prove ‘Agricultural Land’ In Absence Of Purchase Invoices Of Manure, Fertilizers: Supreme Court

The Supreme Court has held that mere agricultural income return insufficient to prove agricultural...

Investments Made Beyond ITR Due Date: ITAT Allows S. 54 Exemption for Investment in Multiple Residential Properties 

The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that for assessment...

Mere Investigation Reports, Abnormal Price Rise Can’t Render Genuine Stock Exchange Transactions As Sham: ITAT 

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has held that mere...

Documentary Evidence Overrides ‘Human Probabilities’ in Rs. 27.20 Crore Purchase Dispute: ITAT

The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that documentary evidence...

ITAT Quashes Search Assessments Over Mechanical S. 153D Approval for Each AY

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has quashed assessments framed...

Latest articles

JURISHOUR | TAX LAW DAILY BULLETIN : 28 May, 2026

Here’s the Tax Law Daily Bulletin for May 28, 2026.GSTPUNJAB & HARYANA HIGH COURT...

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...

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...

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...