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ITAT Quashes Addition On Wife’s Gold & Silver Jewellery Worth Rs. 1.65 Crore 

The Income Tax Appellate Tribunal (ITAT), Bangalore Bench quashed the income tax addition on...

Pending Appeal in Income Tax Assessment Dispute: Kerala High Court Stays Recovery Proceedings 

The Kerala High Court has directed that recovery proceedings initiated against an assessee under...

Income Tax Dept. Launches Crackdown on Non-Compliance in Reporting High Value Transactions

The Income Tax Department has initiated a nationwide enforcement drive to identify and penalise...

Delhi High Court Seeks Update on ITR Due Date Extension

The Delhi High Court on Wednesday heard petitions seeking an extension of the Income...

Use of Phrase “Yes, I am Convinced…” Constitutes Valid Approval For Re-Opening of Assessment: Delhi High Court

The Delhi High Court has held that  the language “Yes, I am convinced it...

Objection to Non-Jurisdictional 143(2) Notice Barred Due to Assessee’s Delay: Chhattisgarh HC Upholds Assessment Validity

The Chhattisgarh High Court has upheld the validity of the assessment on the grounds...

Lokayukta Raids Revenue Inspector in Haveri; Assets Worth Over ₹1 Crore Unearthed

The Karnataka Lokayukta conducted a major raid in Haveri district uncovering assets worth over...

BREAKING | Mandatory To Provide 1 Month Gap Between ITR (Audit) Date And Tax Audit Date : Gujarat High Court

The Gujarat High Court has held that it is mandatory to provide a 1...

Technical Glitch Hits Income Tax Portal: Audit Report Filing under Section 44AB Fails

Tax professionals and chartered accountants across India faced hurdles today while uploading audit reports...

Income Tax Dept. Enhances Transparency in Faceless Assessments with New E-Filing Portal Update

In a move aimed at strengthening transparency and accountability in the faceless assessment and...

Tax Refunds Down 50%: Rs. 60,000 Crore Held Back Amid Festive Season, Raising Concerns Among Taxpayers

As the festive season begins, many small businesses and individual taxpayers are facing an...

Income Tax Dept. Seizes 10 kg Gold, Rs. 1 Crore Cash After Marathon Raids on Go Fashion India in Chennai and Bengaluru

In one of the largest recent crackdowns on alleged tax evasion in the retail...

Latest articles

Cadre Change Not Same as Transfer: Supreme Court Directs Reallocation to Uttarakhand, Slams State Apathy After 26-Year Delay

The Supreme Court has clarified that “cadre change” is fundamentally distinct from “transfer”, and...

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...