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Direct Tax
Additions Citing Unexplained Cash Credits Inapplicable Where No Books Maintained: ITAT Treats Entire Bank Deposits As Business Receipts of Fruit Trader
The Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) has held that additions...
Direct Tax
Cash Withdrawals from Disclosed Bank Accounts Can’t Be Treated as Unexplained Money Without Adverse Evidence: ITAT
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has dismissed a batch...
Direct Tax
Rs. 302 Crore Income Tax Addition Quashed for Violation of Natural Justice Over Undisclosed CBEC Import Data: Bombay High Court
The Bombay High Court has set aside an income tax assessment order raising an...
Direct Tax
Income Tax Dept. Can Inspect Seized Jewellery Without Disclosing Reasons During S. 263 Proceedings: Calcutta High Court
The Calcutta High Court has ruled that the Income Tax Department is not required...
Direct Tax
Reassessment Void for Want of Mandatory Approval Under Section 151 of Income Tax Act: Calcutta HC
The Calcutta High Court has dismissed an appeal filed by the Income Tax Department,...
Direct Tax
Assessment Void Where Notice Issued by Officer Lacking Pecuniary Jurisdiction: Calcutta High Court
The Calcutta High Court has held that assessment void where notice issued by officers...
Direct Tax
DRP Assessments Invalid If Passed Beyond Limitation Under Section 153: ITAT
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has quashed multiple final...
Direct Tax
Mandatory Faceless Regime Under S. 151A: Rajasthan HC Quashes Income Tax Reassessment Notice Issued by JAO
The Jaipur Bench of Rajasthan High Court has once again reinforced the primacy of...
Direct Tax
DRP Route Inapplicable Where TPO Proposes No TP Adjustment: ITAT
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has quashed the final...
Direct Tax
Supreme Court to Examine Conflicting Views on Deductibility of Delayed Employees’ PF & ESI Contributions
The Supreme Court issued notice in a Special Leave Petition filed by Woodland (Aero...
Direct Tax
Delhi High Court Pulls Up ITAT for Dismissing Transferred Appeals, Restores Over 200 Sahara Group Matters to Delhi Bench
In a strong rebuke to the Income Tax Appellate Tribunal (ITAT), the Delhi High...
Direct Tax
Income Tax Dues Take Priority Over Post-Notice Mortgage Created Without TRO Permission: Madras HC
The Madras High Court has held that a mortgage created after service of a...
Latest articles
GST
ICAI Releases Revised Handbook on Finalisation of Accounts with GST Perspective [DOWNLOAD NOW]
The Institute of Chartered Accountants of India (ICAI) has released the revised edition of...
Direct Tax
Supreme Court Resolves Reassessment Jurisdiction Dispute: Clarifies Role of Jurisdictional and Faceless Assessing Officers Under Income Tax Law
The Supreme Court has settled the long-standing controversy over whether reassessment notices and orders...
Notification
ICAI Releases Revised Handbook on Job Work Under GST [DOWNLOAD NOW]
The Institute of Chartered Accountants of India (ICAI), through its GST & Indirect Taxes...
GST
Court Can’t Direct Extension GST Return Deadlines or Waive Interest and Penalties: Karnataka High Court
The Karnataka High Court has held that courts cannot direct GST authorities to permit...