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ITAT Remands Rs. 1.47 Crore Addition Over Unexplained Cash Deposits Under S. 69A

The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) has set aside an addition...

ITAT Slams Income Tax Dept. For on Third-Party Statements Without Independent Inquiry

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

No PE for Oracle Systems in India: ITAT Deletes Notional Royalty Additions 

The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has ruled in favour of Oracle...

Same Bank Deposits Can’t Be Subjected To Reassessment Twice: Orissa HC

The Orissa High Court has quashed reassessment proceedings initiated by the Deputy Commissioner of...

Delay by Assessee Can’t Validate an Otherwise Invalid S. 148 Notice, When Recovery Proceedings Are Initiated: Bombay HC

The Bombay High Court has held that the delay by assessee cannot validate an...

Charitable Trusts Move Bombay High Court Against I-T Dept’s ‘Irrevocability’ Clause Demand

A group of public charitable trusts and professional bodies have approached the Bombay High...

ESOP, IT Support and Promotional Expenses Allowable as Business Deductions: ITAT

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has partly allowed the...

Penalty Can’t Be Levied On Axis Bank For Change In Accounting Policy: ITAT

The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has quashed penalty proceedings...

Sub-Registrar Must Inform Income Tax Dept if Over Rs. 2 Lakh Paid in Cash Before FIR? Allahabad HC Issues Notice 

The Allahabad High Court has issued the notice to government on a plea challenging...

Income Tax Dept. To Release of Seized Jewellery After 9 Years: Bombay High Court

The Bombay High Court has directed the Income Tax Department to release jewellery worth...

Delhi HC Quashes Draft Tax Assessment Order Over Procedural Lapse in Faceless Proceedings

The Delhi High Court has set aside a draft assessment order issued observing that...

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...