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Direct Tax
Failure To Decide Immunity Application U/S 270AA Vitiates Penalty Proceedings: ITAT
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has quashed a penalty...
Direct Tax
Mere Suspicion or General Investigation Reports Can’t Justify Treating Share Transactions as Bogus; LTCG Exemption Allowed: ITAT
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that long-term...
Direct Tax
LTCG From Sale of Shares Eligible for S. 10(38) Exemption for Insurers: ITAT
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that the...
Direct Tax
Agricultural Income Return Insufficient to Prove ‘Agricultural Land’ In Absence Of Purchase Invoices Of Manure, Fertilizers: Supreme Court
The Supreme Court has held that mere agricultural income return insufficient to prove agricultural...
Direct Tax
Investments Made Beyond ITR Due Date: ITAT Allows S. 54 Exemption for Investment in Multiple Residential Properties
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that for assessment...
Direct Tax
Mere Investigation Reports, Abnormal Price Rise Can’t Render Genuine Stock Exchange Transactions As Sham: ITAT
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has held that mere...
Direct Tax
Documentary Evidence Overrides ‘Human Probabilities’ in Rs. 27.20 Crore Purchase Dispute: ITAT
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that documentary evidence...
Direct Tax
ITAT Quashes Search Assessments Over Mechanical S. 153D Approval for Each AY
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has quashed assessments framed...
Direct Tax
ITAT Remands Rs. 1.47 Crore Addition Over Unexplained Cash Deposits Under S. 69A
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) has set aside an addition...
Direct Tax
ITAT Slams Income Tax Dept. For on Third-Party Statements Without Independent Inquiry
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has deleted an addition...
Direct Tax
No PE for Oracle Systems in India: ITAT Deletes Notional Royalty Additions
The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has ruled in favour of Oracle...
Direct Tax
Same Bank Deposits Can’t Be Subjected To Reassessment Twice: Orissa HC
The Orissa High Court has quashed reassessment proceedings initiated by the Deputy Commissioner of...
Latest articles
GST
Composite GST SCN for Multiple Years Held Unsustainable: Kerala High Court
The Kerala High Court has set aside a GST show cause notice (SCN) holding...
Columns
New Income Tax Act, 2025 to Take Effect from April 1, 2026, Introducing Simplified “Tax Year” System
India is set to usher in a major overhaul of its direct tax framework...
Indirect Taxes
Unexplained 435-Day Delay Leads to Dismissal of Tax Revision Petition: Karnataka High Court
The Karnataka High Court has dismissed a Sales Tax Revision Petition, refusing to condone...
Notification
GSTAT Rajkot Bench Becomes Operational
The Goods and Services Tax Appellate Tribunal (GSTAT) has formally commenced operations of its...