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SC Upholds 100% Disallowance of Rs. 20.06 Cr Bogus Purchases Under Section 69C

The Supreme Court has upheld the Bombay High Court’s ruling that confirmed 100% disallowance...

S. 68 Addition Not Justified When Alleged Bogus Loan Is Repaid: ITAT

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

Mandatory Use of Algorithm-Based Allocation In Faceless Income Tax Assessments: Rajasthan HC Quashes Reassessment Notice Issued by Jurisdictional AO 

The Rajasthan High Court, Jaipur Bench quashed the reassessment notice issued by Jurisdictional AO...

Improvement Trust Activities Are Charitable, Registration Can’t Be Cancelled: Punjab & Haryana High Court

The Punjab & Haryana High Court has dismissed five appeals filed by the Income...

WhatsApp Chat Has No Evidentiary Value Without Corroborative Evidence: ITAT

The Income Tax Appellate Tribunal (ITAT) Mumbai’s Bench while ruling on the evidentiary value...

Foreign Tax Credit Allowed Despite Nil Indian Tax Liability: ITAT

The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has allowed Canon India full credit...

Taxmann Publication Misprint: Bombay HC Condones 509-Day Delay, Says Error in “Renowned” Bare Act Can’t Penalise Assessee 

The Bombay High Court has condoned the delay of 509 Days after Taxmann Publications’s...

Andhra Pradesh High Court Refuses to Condone 800-Day Delay in Income Tax Appeal: Here’s Why?

The Andhra Pradesh High Court has dismissed a petition seeking condonation of an 800-day...

Income Tax Dept Failed To Give Effect To ITAT’s Order: Delhi HC Directs Rs. 36.85 Lakh Refund with 3% Interest

The Delhi High Court has ordered the Income Tax Department to refund Rs. 36,85,243...

PCIT’s Can Invoke S. 263 Despite Capital Gains Issue Pending Before CIT(A): ITAT

The Income Tax Appellate Tribunal (ITAT), Delhi Bench has upheld the exercise of revisionary...

Possession Of Gold Within These CBDT Limits: ITAT Deletes Addition on Gold Jewellery Belonging to Assessee’s Wife and Mother

The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has held that ornaments belonging to...

Payments Made To SIPCOT For Common Infrastructure Can’t Be Treated As Depreciable Assets: Madras HC

The Madras High Court has held that  payments made to (SIPCOT) for common infrastructure...

Latest articles

Conviction Can Rest on Sole Injured Eyewitness if Testimony is of ‘Sterling Quality’: Supreme Court Upholds Life Imprisonment

The Supreme Court has upheld the conviction and life imprisonment of a father-son duo...

ITAT Quashes Reassessment for AY 2017–18 Over Invalid Approval U/s 151(ii), Deletes Rs. 10.09 Lakh Addition

The Income Tax Appellate Tribunal (ITAT), Pune Bench, has quashed reassessment proceedings initiated against...

Bombay High Court Flags Alleged Rs. 50K Bribe By SGST Officer Demand in GST Address Amendment Case

The Bombay High Court has taken serious note of allegations of corruption against a...