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Direct Tax
Share Of Minor Daughter Included In Sale Of Property Done With Permission Of Court, Can’t Be Clubbed With Father’s Income: ITAT
The Chennai Bench of Income Tax Appellate Tribunal (ITAT), Chennai Bench has held that...
Direct Tax
P&H High Court Permits ED to Inspect Income Tax Records in Foreign Assets Case
The Punjab and Haryana High Court on Wednesday dismissed a set of petitions challenging...
Direct Tax
Supreme Court Dismisses Income Tax Dept’s Plea Over 248-Day Delay
The Supreme Court of India has dismissed a Special Leave Petition (SLP) filed by...
Direct Tax
Capital Loss Carry Forward Allowed Even When Gains on Grandfathered Investments Are Tax-Exempt: ITAT
In a major relief for foreign investors, the Income Tax Appellate Tribunal (ITAT), Mumbai,...
Direct Tax
Income Tax Dept. Eases Black Money Act Provisions for Small Foreign Assets
The Income Tax Department has introduced significant relief for taxpayers holding small-value foreign assets,...
Direct Tax
Fake Income Tax Emails Circulate: Fraudulent ‘Penalty Notice’ Targets Taxpayers
A fraudulent email disguised as an official communication from the Income Tax Department is...
Direct Tax
Cash Deposits Of Rs. 20.5 Lakhs From Demonetisation Not ‘Unexplained Money’ Under Section 69A: Chhattisgarh High Court
The Chhattisgarh High Court has held that the cash deposits of Rs. 20.5 lakhs...
Direct Tax
Rs. 2 Lakh Cost Imposed On Income Tax Dept. For Lodging Tax Evasion Prosecution Without ITAT Confirmation: Supreme Court
The Supreme Court has imposed the cost of Rs. 2 Lakhs on the income...
Direct Tax
15 Days Left, 3 Crore ITRs Pending: AIS-TIS, 26AS Not Working, OTP Glitches Trouble Taxpayers
As the deadline for filing Income Tax Returns (ITRs) draws closer, taxpayers and professionals...
Direct Tax
Interest on FD, Tax Refunds Linked to Operational Obligations Qualifies for S. 80IA Deduction: Bombay HC
The Bombay High Court has held that interest earned on fixed deposits and tax...
Direct Tax
Income Tax Dept. Begins Issuing Faster Refunds; Taxpayers Report Quick Credits
The Income Tax Department has begun issuing refunds for the Assessment Year (AY) 2025-26,...
Direct Tax
Wedding Gifts Under Income Tax Act Can’t Be Treated As Unexplained Income: ITAT
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) has set aside the...
Latest articles
Direct Tax
Attachment of Bank Accounts Despite ITAT Stay Illegal: Delhi HC Quashes Coercive Recovery
The Delhi High Court has set aside the attachment of bank accounts holding that...
GST
No GST Recovery Without Following Law: Bombay High Court
The Bombay High Court directed the immediate restoration of GST registration of the assessee...
Indirect Taxes
Gold Smuggling | S. 108 Customs Statements Sufficient Evidence: Delhi High Court
The Delhi High Court has upheld a penalty of Rs. 16 lakh imposed on...
Other Laws
Supreme Court Orders Creation of Supernumerary Post After Dispute Over ‘Correct Answer’ in Law Officer Exam
The Supreme Court has directed the Municipal Corporation Chandigarh to appoint two candidates to...