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Bombay High Court Quashes ITAT Order in Skyway Case Over Missing DIN; Directs Fresh Hearing

The Bombay High Court has set aside the Income Tax Appellate Tribunal’s (ITAT) common...

ITAT Must Serve Orders on Assessee, Not Just CA Acting as AR Without Specific Authorisation: Bombay High Court

The Bombay High Court at Goa has held that the Income Tax Appellate Tribunal...

Mere Company Registration, ITR Not Sufficient To Prove Creditworthiness: Calcutta High Court

The Calcutta High Court had held that mere company registration and income tax returns...

Technical Glitches Hit Income Tax Filing Portal Amid Filing Rush

Chartered accountants and taxpayers have taken to social media to report that the Form...

CA Raises Alarm Over Rs. 5K Late Fee in ITR Filing Despite Deadline Extension

A prominent chartered accountant has sparked a debate on social media after publicly questioning...

Jewellers Use Banned LIFO Method to Evade Taxes, Say Tax Authorities

In a major revelation, the Income Tax Department has unearthed a clever accounting ploy...

Income Tax Dept Raids Jane Street and Nuvama in Mumbai Amid Alleged Market Manipulation Probe

On July 31, 2025, the Income Tax Department conducted survey operations at the Mumbai...

Delhi High Court Delivers Major Relief to Hedge Funds: Slashes 40% Tax Blow from 2014 CBDT Circular

The Delhi High Court has struck down a controversial interpretation of a 2014 Central...

Bombay High Court Stays Tax Demand Against Municipal Corporation Over TDS on TDR Issuance

The Bombay High Court has stayed an Income Tax Department order declaring the civic...

Facility for Filing Updated Returns for AY 2021-22 & AY 2022-23 Now Available for ITR-1 & ITR-2

The Income Tax Department has announced that the facility for filing Updated Returns for...

Cash Loans Above Rs. 20K in Violation of Income Tax Act Not Legally Enforceable Debt: Kerala High Court

The Kerala High Court has ruled that cash loans exceeding Rs. 20,000, in violation...

Sitharaman Orders Swift Withdrawal of Low-Value Tax Appeals to Cut Litigation Load

In a major push to reduce tax-related litigation and improve service delivery, Union Finance...

Latest articles

‘Reason to Believe’ vs ‘Information Suggesting Escapement’: Supreme Court to Decide Core Reassessment Standard Under Income Tax Act

In a case that could redefine the contours of reassessment proceedings under the Income-tax...

CAT Directs Retrospective Pay Fixation for Central Excise Officers from 1996

The Chennai Bench of the Central Administrative Tribunal (CAT) has directed the government to...

Consolidation Of SCNs Covering Multiple FY Under S. 73, 74 of CGST Act Allowed: Delhi HC 

The Delhi High Court has allowed the consolidation of show cause notices (SCNs) covering...