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Direct Tax
Supreme Court Ruling Revives Scrutiny of Pre-2016 Benami Transactions; Retrospective Confiscation Powers Upheld
The Supreme Court has reignited nationwide scrutiny of old benami transactions by holding that...
Direct Tax
Bombay High Court Permits Amendment Of Reassessment Petitions To Challenge Retrospective Section 147A Inserted By Finance Act, 2026
The Bombay High Court has permitted assessees to amend their pending writ petitions to...
Direct Tax
ITAT Refuses To Condone 9-Year Delay In Filing Appeal Despite Ongoing S. 153C Merits Litigation
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has dismissed an assessee’s...
Direct Tax
Fly Ash Sale Proceeds Taxable as Business Income, Not Liability Fund: ITAT
The Chandigarh Bench of the Income Tax Appellate Tribunal (ITAT) has held that receipts...
Direct Tax
Extended Time Limit Under Amended Reassessment Regime Can’t Revive Time-Barred Proceedings Under Erstwhile Law: ITAT
The Hyderabad Bench of the Income Tax Appellate Tribunal (ITAT) has quashed a reassessment...
Direct Tax
Reassessment Can’t Be Solely Based on Third-Party Information Without Direct Evidence Against Assessee: ITAT
The Pune Bench of the Income Tax Appellate Tribunal (ITAT) has held that reassessment...
Direct Tax
Salaried Person Not Required To Maintain Cash Book: ITAT Deletes Rs. 12.08 Lakh Demonetisation Cash Deposit Addition
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has deleted an addition...
Direct Tax
WhatsApp Chats Alone Can’t Prove Bogus Transactions: ITAT Deletes Rs. 89.50 Lakh Addition On Gifts From NRI Father-In-Law
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has deleted additions made...
Direct Tax
ITAT Deletes Rs. 38.20 Crore Transfer Pricing Adjustment Against Boeing India Defence Unit
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has deleted a transfer...
Direct Tax
ITAT Quashes Reassessment Orders Due To Time-Barred Section 148 Notices And Invalid Sanction From Wrong Authority
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has quashed reassessment proceedings...
Direct Tax
Faceless Assessment Completed Without SCN: ITAT Deletes Rs. 1.64 Crore Addition
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has upheld the relief...
Direct Tax
ITAT Deletes Rs. 134.99 Crore Addition on Share Capital Received From Non-Resident Holding Company Via Banking Channel
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has deleted an addition...
Latest articles
Supreme Court
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...
Supreme Court
Non-Signatory Shareholder Bound by Arbitration Clause: Supreme Court
The Supreme Court has held that a shareholder who did not sign a Memorandum...
Supreme Court
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...
GST
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...