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Direct Tax
Jewellers Use Banned LIFO Method to Evade Taxes, Say Tax Authorities
In a major revelation, the Income Tax Department has unearthed a clever accounting ploy...
Direct Tax
Income Tax Dept Raids Jane Street and Nuvama in Mumbai Amid Alleged Market Manipulation Probe
On July 31, 2025, the Income Tax Department conducted survey operations at the Mumbai...
Direct Tax
Delhi High Court Delivers Major Relief to Hedge Funds: Slashes 40% Tax Blow from 2014 CBDT Circular
The Delhi High Court has struck down a controversial interpretation of a 2014 Central...
Direct Tax
Bombay High Court Stays Tax Demand Against Municipal Corporation Over TDS on TDR Issuance
The Bombay High Court has stayed an Income Tax Department order declaring the civic...
Direct Tax
Facility for Filing Updated Returns for AY 2021-22 & AY 2022-23 Now Available for ITR-1 & ITR-2
The Income Tax Department has announced that the facility for filing Updated Returns for...
Direct Tax
Cash Loans Above Rs. 20K in Violation of Income Tax Act Not Legally Enforceable Debt: Kerala High Court
The Kerala High Court has ruled that cash loans exceeding Rs. 20,000, in violation...
Direct Tax
Sitharaman Orders Swift Withdrawal of Low-Value Tax Appeals to Cut Litigation Load
In a major push to reduce tax-related litigation and improve service delivery, Union Finance...
Direct Tax
ITR Not Conclusive Proof of Income: Calcutta High Court Hikes Maintenance to Estranged Wife
The Calcutta High Court has ruled that income tax returns cannot be treated as...
Direct Tax
Congress Violates Rs. 2,000 Cash Donation Cap: ITAT Upholds Rs. 199 Crore Income Tax Demand
The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has upheld a tax demand of...
Direct Tax
Non-Faceless Income Tax Reassessment Notices Are Invalid: Supreme Court
Supreme Court Confirms Mandatory Faceless Protocol for Section 148 Notices, Upholds Telangana High Court...
Direct Tax
No Section 14A Disallowance If No Exempt Income Earned: Delhi High Court Dismisses Income Tax Dept’s Appeal
The Delhi High Court has dismissed the Income Tax Department’s appeal challenging an Income...
Direct Tax
Fake Tax Claims Can Backfire: Income Tax Dept. Launches Crackdown on Bogus Deductions
The Income Tax Department has launched a nationwide crackdown on fraudulent deduction claims, conducting...
Latest articles
GST
Contractors’ Claim for Additional GST Burden Lies Against Employer, Not Dept.: Karnataka HC
The Karnataka High Court has clarified that disputes regarding reimbursement of additional GST burden...
Direct Tax
Reassessment Can’t Be Initiated Merely Based On High-Value Bank Transactions: Gujarat HC
The Gujarat High Court has quashed reassessment notices issued under Sections 148 and 148A(3)...
GST
Rectified GST Refund Applications Can’t Be Rejected as Time-Barred If Original Refund Claim Was Filed Within Limitation: Gujarat HC
The Gujarat High Court has held that where an original refund application is filed...
Direct Tax
Gujarat High Court Refuses to Enhance CBDT Informant Reward
The Gujarat High Court has dismissed a petition seeking enhancement of a reward granted...