Keep exploring
Direct Tax
Charging Patients, Earning Surplus Don’t By Themselves Disqualify A Philanthropic Hospital From Income Tax Exemption: Bombay HC
The Bombay High Court has held that charging patients, generating an annual surplus and...
Direct Tax
FAO–JAO Dispute | S. 147A Struck Down As Unconstitutional: Andhra Pradesh HC
The Andhra Pradesh High Court has reportedly allowed a batch of writ petitions challenging...
Direct Tax
Reopening Must Follow Faceless Procedure: S. 147A Allowing Jurisdictional Officers Struck Down: AP HC [READ ORDER]
The Andhra Pradesh High Court has struck down Section 147A of the Income Tax...
Direct Tax
Tax Reopening Over Alleged ₹9.75 Crore Cash Loans Quashed for Bypassing S. 153C: Bombay HC
The Bombay High Court has quashed income-tax reassessment proceedings concerning alleged unaccounted cash loans...
Direct Tax
Demonetised Cash Deposits Alone Can’t Be Treated As Unexplained Income: CIT(A)
The Commissioner of Income Tax (Appeals), through the National Faceless Appeal Centre (NFAC), Delhi,...
Direct Tax
Income Tax Reassessment Involving ₹1.34 Crore Additions Fails As Notice Was Issued After Deadline: ITAT
The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has allowed an assessee’s appeal against...
Direct Tax
₹17.32 Crore Proposed Tax Additions: AO Directed To Verify Evidence, Hear Taxpayer And Pass Reasoned Order
The Income Tax Department’s Central Range-1, Ahmedabad, has issued directions under Section 144A of...
Direct Tax
Rs. 1,505.36 Crore Depreciation Claim Allowed on Goodwill, Brands and Distribution Network Acquired Through Demerger: ITAT
The Income Tax Appellate Tribunal (ITAT), Kolkata, has allowed Tata Consumer Products Limited’s depreciation...
Direct Tax
3% Transfer Pricing Tolerance Applies Even With One Comparable; ₹11.45 Crore Tax Adjustment Deleted: ITAT
The Chennai Bench of the Income Tax Appellate Tribunal (ITAT) has held that the...
Direct Tax
Rs. 25,000 Crore Suspected Restaurant Tax Evasion: Swiggy, Zomato Data Flags 8,000 Non-Filers
The Income Tax Department has reportedly identified suspected tax evasion exceeding ₹25,000 crore in...
Direct Tax
False Statements About Foreign Investments Can Lead To Tax Prosecution Without Quantifying Tax Evasion: Karnataka HC
The Karnataka High Court has held that prosecution for allegedly making false statements about...
Direct Tax
Chit Fund Companies Can Claim Tax Deduction For Unrecovered Payments Made To Cover Subscriber Defaults: Madras HC
The Madras High Court has upheld income tax relief granted to a chit fund...
Latest articles
Indirect Taxes
Scotch Whisky Duty Dispute: Companies Seek 75% Import Duty as India Examines Bulk Whisky Imports
India’s reduced tariff on Scotch whisky under the India–UK trade agreement has triggered a...
International Taxation
Trump Signs Executive Order to Reduce Mortgage Costs, Expand Housing Affordability in US
US President Donald Trump has signed an executive order directing federal agencies to take...
International Taxation
China Tightens Tax Enforcement on Offshore Trusts, Wealthy Individuals Face Scrutiny Over Overseas Assets
China is stepping up tax enforcement against wealthy individuals holding assets overseas, including investments...
Other Laws
Delhi High Court Rejects AISA President Neha Bora’s Plea Against Peace Bond Notice Over CEC Protest
The Delhi High Court has dismissed a petition filed by All India Students’ Association...