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S. 69 IT Act: Can Disclosed Investments and Advances Be Treated as Unexplained? Calcutta HC Answers

The Calcutta High Court has dismissed an appeal filed by the Principal Commissioner of...

No Substantial Question of Law in Transfer Pricing Dispute Involving Turnover Filter and Functional Comparables: Karnataka HC

The Karnataka High Court has dismissed the Revenue’s appeal concerning transfer pricing adjustments made...

Punjab & Haryana HC Condones 34-Day Delay in ITR Filing

The Punjab and Haryana High Court has set aside an order of the Chief...

ITAT Deletes ₹75.24 Lakh S. 69C Addition Against Dabur India

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has allowed appeals filed...

Income Tax Portal Users Face Form 141 Filing Hurdle, Grievance Mechanism Yet to Reflect New Tax Act

Taxpayers are reportedly facing difficulties while filing and making payments of tax deducted at...

Failure to Prove False Statement and Falsification of Accounts: Rajkot Court Acquits Accused Under Sections 277, 277A of Income Tax Act

The Additional Judicial Magistrate First Class, Rajkot, has acquitted an accused facing prosecution under...

S. 148 Notice Quashed for Lack of Jurisdiction: Punjab & Haryana HC Cites NFAC’s Exclusive Power

The Punjab and Haryana High Court has disposed of a writ petition challenging reassessment...

SAFEMA Appellate Tribunal Quashes Benami Property Attachment Over Procedural Violation in Rs. 1.07 Crore Jewellery Case

The Appellate Tribunal under SAFEMA at New Delhi has set aside an order confirming...

S. 143(1) Intimation Issued After Scrutiny Notice U/s 143(2) Void Ab Initio: ITAT

The Income Tax Appellate Tribunal (ITAT), Bangalore Bench, has held that an intimation issued...

S. 151 Approval Failed to Consider Assessee’s Reply: Calcutta High Court Quashes Reassessment Notice 

The Calcutta High Court has set aside reassessment proceedings for Assessment Year 2017-18 after...

Management, Technical Services Rendered From China Not Taxable as FTS Under India-China DTAA: ITAT

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has held that payments...

Bombay High Court Quashes Reassessment Notices Issued in Name of Deceased Taxpayer, Allows Dept. to Proceed Against Legal Heir

The Bombay High Court has quashed reassessment proceedings initiated in the name of a...

Latest articles

Purchases Can’t Be Treated As Bogus When Sales Are Accepted And Books Not Rejected: Calcutta HC

The Calcutta High Court has upheld the deletion of a ₹4.38 crore addition for...

2,628-Day Delay Without Condonation Plea: Calcutta HC Dismisses Income Tax Appeal Over ₹2.71 Crore Addition 

The Calcutta High Court has upheld the dismissal of an income tax appeal filed...

State Tax Dept. Can’t Bypass IBC Appeal by Claiming NCLT Lacked Jurisdiction Over Tax Claims: Bombay High Court 

The Bombay High Court has declined to entertain a writ petition filed by Gujarat’s...

GST Dues Omitted From Approved Insolvency Plan Can’t Be Revived: Calcutta High Court 

The Calcutta High Court has quashed an IGST demand and penalty totalling approximately ₹1.86...