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Direct Tax
Delhi HC Orders Conditional Release of Seized Jewellery, Cash After Income Tax Search
The Delhi High Court has directed the Income Tax Department to release gold jewellery,...
Direct Tax
Binny Bansal’s Non-Resident Claim Rejected; ITAT Denies India–Singapore DTAA Relief on Flipkart Share Sale
The Bengaluru Bench of the Income Tax Appellate Tribunal (ITAT) has rejected claims made...
Direct Tax
No Income Tax Payable On Income Earned From Sale Of Tissue Cultured Plants: Telangana HC
The Telangana High Court has held that income earned from the sale of tissue-cultured...
Direct Tax
VDIS Declaration Does Not Bar Income Tax Scrutiny Where Discrepancies Exist: Madhya Pradesh High Court
The Madhya Pradesh High Court at Jabalpur has dismissed a writ petition challenging the...
Direct Tax
ITAT Quashes Reassessment Based on “Fictitious Loan” Allegations, Slams Dept. for Acting on Incorrect Information
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has quashed reassessment orders...
Direct Tax
ITAT Restricts Addition to 8% Presumptive Profit in Cattle Feed Trader’s Case, Rejects Full Disallowance of Cash Purchases
The Pune Bench of the Income Tax Appellate Tribunal (ITAT) has granted substantial relief...
Direct Tax
No TDS Required For Services Rendered Outside India: ITAT Deletes Disallowance on Foreign Commission
The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench, has allowed the appeal of a...
Direct Tax
Composite Trust Eligible for Section 80G Approval If Religious Spending Is Within 5% Limit: ITAT
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has ruled that a...
Direct Tax
Jewellery Found During Search Can’t Be Fully Treated as Unexplained When Relatives Are Present for Family Function: ITAT
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has partly allowed appeals...
Direct Tax
Wrong Legal Advice Justifies 543-Day Delay; But ITAT Upholds PCIT’s Section 263 Revision Over Demonetisation Cash Deposits
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has condoned a substantial...
Direct Tax
ITR Non-Filing by Suppliers Alone Can’t Justify Disallowance of Purchases: ITAT Deletes of Rs. 25.55 Crore Addition
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has ruled that mere...
Direct Tax
ITAT Slams CPC for Ignoring CBDT Extension on Form 56F; Upholds S. 10AA Deduction Despite Late Return
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has held that the...
Latest articles
Indirect Taxes
Proforma Invoice Valid for Availing CENVAT Credit if Service Tax Is Paid: CESTAT
The Bangalore Bench of the Customs, Excise & Service Tax Appellate Tribunal (CESTAT) has...
Direct Tax
Tax Demand Can’t Be Raised Through Computation Sheet When Assessment Accepts Returned Income Without Additions: ITAT
The Bengaluru Bench of the Income Tax Appellate Tribunal (ITAT) has held that the...
Indirect Taxes
Import Duty Payable on Actual Reduced Price Despite Higher Price at Time of Import: CESTAT
The Mumbai Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has...
GST
Driver’s Statement on Plain Paper Has ‘Very Little Evidentiary Value’: Allahabad High Court Quashes GST Penalty Order
The Allahabad High Court has set aside an appellate order upholding a penalty under...