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Supreme Court Ruling Revives Scrutiny of Pre-2016 Benami Transactions; Retrospective Confiscation Powers Upheld

The Supreme Court has reignited nationwide scrutiny of old benami transactions by holding that...

Bombay High Court Permits Amendment Of Reassessment Petitions To Challenge Retrospective Section 147A Inserted By Finance Act, 2026

The Bombay High Court has permitted assessees to amend their pending writ petitions to...

ITAT Refuses To Condone 9-Year Delay In Filing Appeal Despite Ongoing S. 153C Merits Litigation

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has dismissed an assessee’s...

Fly Ash Sale Proceeds Taxable as Business Income, Not Liability Fund: ITAT

The Chandigarh Bench of the Income Tax Appellate Tribunal (ITAT) has held that receipts...

Extended Time Limit Under Amended Reassessment Regime Can’t Revive Time-Barred Proceedings Under Erstwhile Law: ITAT

The Hyderabad Bench of the Income Tax Appellate Tribunal (ITAT) has quashed a reassessment...

Reassessment Can’t Be Solely Based on Third-Party Information Without Direct Evidence Against Assessee: ITAT

The Pune Bench of the Income Tax Appellate Tribunal (ITAT) has held that reassessment...

Salaried Person Not Required To Maintain Cash Book: ITAT Deletes Rs. 12.08 Lakh Demonetisation Cash Deposit Addition

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has deleted an addition...

WhatsApp Chats Alone Can’t Prove Bogus Transactions: ITAT Deletes Rs. 89.50 Lakh Addition On Gifts From NRI Father-In-Law

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has deleted additions made...

ITAT Deletes Rs. 38.20 Crore Transfer Pricing Adjustment Against Boeing India Defence Unit

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has deleted a transfer...

ITAT Quashes Reassessment Orders Due To Time-Barred Section 148 Notices And Invalid Sanction From Wrong Authority

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has quashed reassessment proceedings...

Faceless Assessment Completed Without SCN: ITAT Deletes Rs. 1.64 Crore Addition

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has upheld the relief...

ITAT Deletes Rs. 134.99 Crore Addition on Share Capital Received From Non-Resident Holding Company Via Banking Channel

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has deleted an addition...

Latest articles

Higher Exam Marks Can’t Cure Missing Essential Qualification: Supreme Court

The Supreme Court has held that higher marks in a recruitment examination cannot compensate...

PMLA | Failure To Expressly Address Every Written Submission Doesn’t Violate Natural Justice If Fair Hearing Is Given: Karnataka HC

The Karnataka High Court has dismissed two writ petitions filed by JSW Steel Limited...

ED Can Continue Money Laundering Probe After Filing Complaint Without Prior Court Permission Before Charges Are Framed: Calcutta High Court

The Calcutta High Court has dismissed a petition challenging further investigation by the Enforcement...

No Pre-Deposit For Disputed GST Interest-Only Appeal; Customer’s Non-Payment Can’t Stop Interest Liability: GSTAT

The Goods and Services Tax Appellate Tribunal (GSTAT), Bengaluru Bench, has held that an...