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Bank Fraud: Madhya Pradesh Labourer Receives Rs. 314 Crore Income Tax Notice

In a startling case that has exposed alarming loopholes in financial monitoring and identity...

Delhi High Court Quashes 2nd Reassessment Notice Issued Beyond 4 Years

The Delhi High Court has quashed the 2nd Assessment Notice which was issued beyond...

Supreme Court Order On AY 2015-16 Post Rajeev Bansal Case

The Supreme Court comprising Justice B.V. Nagarathna and Justice Prasanna B. Varale has dismissed...

Rs 37.87 Cr Tax Notice to Sirsa Barber: Loan App Linked to PAN Fraud

In a shocking case of suspected financial fraud, a barber from Sirsa has received...

ESOP Valuation By Merchant Banker Under Income Tax Act Can’t Be Overridden By FEMA Valuation: ITAT

The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that (ESOP) valuation...

Bombay High Court Raps ITAT For Casual Approach; Holds Entire Bogus Purchases Should Be Disallowed, Not Just 3%

The Bombay High Court has rapped Income Tax Appellate Tribunal (ITAT) for a casual...

Rajasthan High Court Upholds Validity of Section 153C Proceedings Based on WhatsApp Chats

The Rajasthan High Court has upheld the validity of search assessment proceedings under section...

PAN Card Fraud in UP: Poor Farmer Slapped With Rs. 30 Crore Income Tax Notice

In a stunning development, a poor farmer from Mathura has received an Income Tax...

Direct Tax Weekly Flashback: 30 March To 5 April 2025

The Direct Tax Weekly Flashback for the period from 30 March To 5 April...

Direct Tax Weekly Flashback: 10 November 2024 to 16 November 2024  

Direct Tax Weekly Flashback for the period 10 November 2024 to 16 November 2024.Table...

GST Can’t Be Included In Computing Deemed Income: ITAT

The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has held that Goods and...

BREAKING | CBDT Notifies Condonation Of Delay In Filing Of Form No. 9A, 10, 10B, 10BB 

The Central Board of Direct Taxes (CBDT) has notified the condonation of delay in...

Latest articles

Bank’s Wrong Remittance Does Not Discharge Guarantor: Supreme Court Upholds Liability Under ‘Corporate Guarantee’ 

The Supreme Court has held that a company that issued a “corporate guarantee” to...

Supreme Court Strikes Down 3-Month Limit for Maternity Leave to Adoptive Mothers

The Supreme Court has struck down the  3 month limit for maternity leave to...

Post-Facto Shareholder Ratification Can’t Cure Illegal Diversion of Preferential Issue Funds; SC Restores SEBI Penalties

The Supreme Court has held that diversion of funds raised through a preferential share...

Can FIR Be Quashed During Investigation? Supreme Court Says No

The Supreme Court has held that First Information Reports (FIRs) should not be quashed...