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Direct Tax
Income Tax Reassessment Invalid in Absence of Incriminating Material: Delhi HC
The Delhi High Court has dismissed the appeal filed by the Principal Commissioner of...
Direct Tax
Partnership Deed Contained No Recital Regarding Contribution Of Capital By Partners: AP High Court Upholds Addition of Rs. 33 Lakh for Unexplained Cash Deposits
The Andhra Pradesh High Court has dismissed Income Tax Tribunal Appeal affirming the decision...
Direct Tax
Bombay HC Frowns On Customs Officials for Not Issuing Speaking Order; Imposes Rs. 25,000 Cost
The Bombay High Court has pulled up Customs authorities for failing to issue a...
Direct Tax
Rs. 10K Cost Imposed On CIT(A) For Passing One-Line Order: Gujarat HC
The Gujarat High Court has imposed the cost of Rs. 10,000 on the Commissioner...
Direct Tax
PCIT Sanction Sufficient For Tax Evasion Exceeding Rs. 25 Lakhs; No Need for Collegium Approval: Delhi HC
The Delhi High Court while upholding the validity of Circular No. 5/2020 dated 23.01.2020...
Direct Tax
Foreign Entity Not Required to File ITR: ITAT Quashes Reassessment Against UAE Taxpayer
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has quashed the reassessment...
Direct Tax
Calcutta HC Orders Refund of Wrongly Deducted TDS on Arbitral Award; Rejects Interest Claim
The Calcutta High Court has directed the Award Debtor to refund the Tax Deducted...
Direct Tax
Issuance of Re-Assessment Notice Prior To Supply Of Recorded Reasons U/s 147 Is Fatal Procedural Lapse: ITAT
The Income Tax Appellate Tribunal (ITAT), Delhi Bench has held that the Issuance of...
Direct Tax
Black Money Act Triggers When AO Notices the Transaction — Not When Undertaken: ITAT Deletes Foreign Asset Addition
In a landmark interpretation of the Black Money (Undisclosed Foreign Income and Assets) Act,...
Direct Tax
Virtual Service PE Can’t Be Read Into DTAA; No Service PE Without Physical Presence: Delhi High Court
The Delhi High Court has held that a Virtual Service Permanent Establishment (PE) cannot...
Direct Tax
Income Tax Dept. To Refund Excess Recovery Beyond 20% of Disputed Demand: Calcutta High Court
The Calcutta High Court has directed the Income Tax Department to refund all amounts...
Direct Tax
S. 153D Approval Termed Mechanical Without Application of Mind ; ITAT Quashes Assessments
The Income Tax Appellate Tribunal (ITAT), Agra Bench, has quashed the assessments framed against...
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...