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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...

ITR Not Conclusive Proof of Income: Calcutta High Court Hikes Maintenance to Estranged Wife

The Calcutta High Court has ruled that income tax returns cannot be treated as...

Congress Violates Rs. 2,000 Cash Donation Cap: ITAT Upholds Rs. 199 Crore Income Tax Demand 

The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has upheld a tax demand of...

Latest articles

Arbitration Act is a Complete Code: Legal Heirs Must Challenge Arbitral Award Under S. 34, Not Article 227: Supreme Court

The Supreme Court has held that legal representatives of a deceased party cannot bypass...

GST Arrest: Allahabad HC Allows Habeas Corpus Despite Its Earlier Bail Rejection & Pending SLP Before SC

In a striking development raising critical questions on the scope of constitutional remedies in...

Supreme Court Orders Back Wages from 1993, Slams Employer for Delayed Regularisation of Daily Wage Worker

The Supreme Court held that an employee illegally deprived of regularisation cannot be denied...

Essential Qualification Can’t Be Substituted by Higher Degree; Appointment Without Required Experience Invalid: Supreme Court

The Supreme Court of India has held that essential eligibility conditions prescribed in recruitment...