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Compensation For Compulsory Acquisition Of Landed Property Is Income Under Capital Gains: Kerala High Court

The Kerala High Court has held that amount received as compensation for compulsory acquisition...

Sub-Registrars To Report Cash Payments of Rs. 2 Lakh and Above In Property Deals To Income Tax Dept.: Supreme Court

The Supreme Court directed the sub-registrars to report cash payments of Rs. 2 lakh...

Compensation For Delay In Property Handover By Builder Not Taxable: ITAT

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

No Capital Gain Tax Payable By NRI On Mutual Fund Gains: ITAT [READ ORDER]

The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has held that no capital...

S. 271(1)(c) Penalty Not Applicable On Voluntary Surrender, Bonafide Mistake: Chhattisgarh High Court 

The Chhattisgarh High Court has issued the clarification on the penalty under Section 271(1)(c)...

DRI Officer Among Eight Arrested; Punjab Police Bust Pakistan-Backed Drug Cartel

In a major crackdown on drug smuggling, the Punjab Police has successfully dismantled a...

Once Tax Is Assessed, Entire Amount Has To Be Paid In Absence Of Amnesty Schemes: Kerala High Court

The Kerala High Court has held that once tax has been assessed, the entire...

Kerala High Court Condones Delay In Filing Audit Report 

The Kerala High Court has condoned the delay in filing the audit report for...

Surcharge On Private Discretionary Trusts To Be Computed As Per Slab Rates Prescribed In Finance Act: ITAT

The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has held that surcharge on...

CBDT Exempts HUDCO Bonds From LTCG

The Central Board of Direct Taxes (CBDT) has notified that bonds issued by the...

ITR-B For Block Search Assessment Return U/S.158BC(1)(a)  of Income Tax Act: CBDT

The Central Board of Direct Taxes (CBDT)  has notified the ITR-B For block search...

CBDT Notifies April 30, 2025 as Deadline Under Vivad se Vishwas Scheme 2024

In a significant update under the Direct Tax Vivad se Vishwas Scheme, 2024, the...

Latest articles

Supreme Court Condemns Violence by Lawyers, Orders Bail and Case Transfer in Toll Plaza Assault Case

The Supreme Court has condemned acts of violence and intimidation by members of the...

Gujarat High Court Flags Absence of Company as Accused in VAT FIR, Grants Interim Relief to Directors

The Gujarat High Court has flagged the  absence of the company as accused in...

Bombay High Court Quashes Service Tax SCN For Violation Of Mandatory Pre-Show Cause Consultation Requirement

The Bombay High Court has quashed a service tax show cause notice holding that...

‘Reason to Believe’ vs ‘Information Suggesting Escapement’: Supreme Court to Decide Core Reassessment Standard Under Income Tax Act

In a case that could redefine the contours of reassessment proceedings under the Income-tax...