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Direct Tax
Estimated Bogus Purchase Additions Can’t Attract Penalty: ITAT
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that the...
Direct Tax
CBDT Circular on Delay Condonation Applies to All Years, Not Just Specified AY: Delhi High Court
The Delhi High Court has held that beneficial circulars issued by the Central Board...
Direct Tax
Unexplained Sundry Credits Without Proof of Source Can’t Be Treated as Business Income for Deduction: Madras High Court
The Madras High Court has held that sundry credits, whose source and identity remain...
Direct Tax
S. 148 Notice Issued After Limitation for AY 2015-16 Held Void: ITAT Quashes Reassessment as Time-Barred
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has quashed reassessment proceedings...
Direct Tax
AO Enhances Addition from 10% to 100% Despite Bona Fide Error in Bank Balance: Delhi HC Stays Demand and Penalty Proceedings
The Delhi High Court has admitted a writ petition challenging an assessment order where...
Direct Tax
Reassessment Notice Invalid Without Proper Sanction: ITAT Quashes Entire Assessment Proceedings
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has quashed reassessment proceedings...
Direct Tax
ITAT Quashes Final Assessment Order Passed Without Following Binding DRP Directions
The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has quashed a final assessment order...
Direct Tax
Amalgamated Company Can’t Claim Set-Off of Predecessor’s Losses Under Kerala Agricultural Income Tax Act: Supreme Court
The Supreme Court of India has held that an amalgamated company cannot claim set-off...
Direct Tax
ITAT Grants Relief to Taxpayer, Flags Digital Divide in Tax Administration
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench has granted relief to a taxpayer...
Direct Tax
Prima Facie Case Sufficient for Prosecution Under Income Tax Act; Rajasthan High Court Refuses to Quash Cognizance Order
The Rajasthan High Court has held that at the stage of taking cognizance in...
Direct Tax
Bombay HC Directs Filing of CA-Certified Affidavit to Prove No Unjust Enrichment in Tax Dispute Involving Flat Buyers
The Bombay High Court has directed the petitioner to substantiate its claim that no...
Direct Tax
Income Tax Dept. Introduces Form 121, Replaces Forms 15G and 15H
The Income Tax Department has introduced a new unified declaration form—Form No. 121—aimed at...
Latest articles
Indirect Taxes
Importer Can’t Be Penalised When Exporter’s DFIA Licence Remained Valid, Fraud Allegations Failed: CESTAT
The Chennai Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has...
GST
GST Search Without Sharing DIN Violates Transparency Safeguards, But Doesn’t Invalidate Search: Madras High Court
The Madurai Bench of the Madras High Court has held that while the Document...
Indirect Taxes
EDCT Machine Rentals Attract VAT as ‘Transfer of Right to Use Goods’: Karnataka High Court
The Karnataka High Court has held that rental charges collected by banks from merchant...
Indirect Taxes
SHIS Benefit Can’t Be Denied by Treating Capital Goods as Mere Parts; CESTAT Quashes Rs. 1.30 Crore Customs Demand
The Kolkata Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has...