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Direct Tax
Search-Related Income-Tax Assessments: Approval U/S 153D Granted Mechanically Without Application of Mind Vitiates Entire Assessment Order: Bombay High Court
The Bombay High Court has dismissed a large batch of appeals filed by the...
Direct Tax
Incorrect Computation Of Deduction U/s 54F Doesn’t Amount To Misrepresentation Or Suppression Of Facts: ITAT
The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench set aside a penalty imposed for...
Direct Tax
JAO V/s FAO | SC Restores Two Dismissed SLPs in Section 148–151A Controversy
The Supreme Court has restored two Special Leave Petitions (SLPs) previously dismissed in the...
Direct Tax
Income Tax Dept. Illegally Adjusted of Refunds Despite Stay on Demand: Karnataka HC Orders Refund
The Karnataka High Court has held that the Income Tax Department acted illegally by...
Direct Tax
Kerala HC Quashes Faceless Appeal Rejection for 88-Year-Old Taxpayer, Says Appeal Can’t Be Dismissed for Non-Appearance
The Kerala High Court has set aside an order of the National Faceless Appeal...
Direct Tax
Income Tax Dept to Notify New ITR Forms by January; Income Tax Act, 2025 to Take Effect From April 2026
The Income Tax Department is set to issue revised Income Tax Return (ITR) forms...
Direct Tax
SC Seeks Govt, ECI & CBDT Response on Plea Challenging Tax Exemption for Anonymous Political Donations Under ₹2,000
The Supreme Court issued notices to the Union government, the Election Commission of India...
Direct Tax
Rs. 2.64 Crore Demonetisation Cash Deposit Addition Unjustified: Rajasthan High Court
The Rajasthan High Court (Jaipur Bench) has ruled that the ₹2.64 crore added to...
Direct Tax
TCS Not Applicable on Compounding Fees Collected from Illegal Miners: Chhattisgarh High Court
The Chhattisgarh High Court has held that Tax Collected at Source (TCS) under Section...
Direct Tax
Calcutta HC Refuses to Admit Income Tax Dept Appeal Challenging ITAT’s Deletion of Rs. 1.21-Crore Addition On Share Capital
The Calcutta High Court has dismissed an appeal filed by the Principal Commissioner of...
Direct Tax
DRP Timeline Can’t Override Statutory Limitation: ITAT
The ITAT Hyderabad has held that Disputes Resolution Panel (DRP) timeline can’t override statutory...
Direct Tax
Individual Who Leaves India To Take Up Employment Abroad Can Be Treated As NRI, Even If He Holds Senior/Leadership Position In Foreign Organization: ITAT
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has held that an individual...
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ITR Deadline Extension Highly Unexpected: Know Why?
As the due date for filing Income-tax Returns (ITRs) draws closer, many taxpayers continue...
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How to Claim Up to Rs. 10 Crore Capital Gains Tax Exemption? Know Strategy
Many taxpayers believe that once they earn a large capital gain, tax is unavoidable....
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20 CA Firms and CA-Led Compliance Platforms Working Pan India Suitable for Startups and Middle-Class Individuals | 2026
Finding a good Chartered Accountant is no longer limited to searching for a local...
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Can Indian Lawyers Really Make ₹1 Crore Per Day? Truth Revealed
The idea that Indian lawyers can earn ₹1 crore in a single day sounds...