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Direct Tax
ITAT Reopens Rs. 76 Lakh Bogus Purchase Case, Slams CIT(A) for Ignoring Fraud Red Flags
The Income Tax Appellate Tribunal (ITAT), Raipur Bench, has set aside the order of...
Direct Tax
Himachal Pradesh High Court Quashes NFAC Order, Slams Anarchy From Defiance of Appellate Authority Rulings
The Himachal Pradesh High Court has quashed the order passed by National Faceless Appeal...
Direct Tax
AO Must Know Reassessment Notice Have Serious Civil Or Evil Consequences, Can’t Be Passed Without Reasons: Himachal Pradesh HC
The Himachal Pradesh High Court has held that the Assessing Officer (AO) must know...
Direct Tax
Allahabad HC Quashes S. 131(1A) Notice Issued After conclusion Of Income Tax Search, Seizure
The Allahabad High Court has quashed the notice issued under Section 131(1A) of the...
Direct Tax
Rs. 25.3 Lakh Cash Seizure by DGGI, Income Tax Dept.: Delhi High Court Refuses To Interfere
The Delhi High Court has declined to grant interim relief to the petitioner firm...
Direct Tax
Tourist Visa for Business Trips Triggers Tax Trouble: ITAT
In a crucial ruling with significant implications for non-resident Indians (NRIs) and overseas entrepreneurs,...
Direct Tax
Taxpayer Declared More Tax Than Due, Still Denied SVLDRS Relief: Bombay High Court Intervenes
In a classic case where the taxpayer has declared more tax than due under...
Direct Tax
Bengaluru Court Permits Income Tax Probe of Actor Ranya Rao in Gold Smuggling Case
In a significant development in the high-profile gold smuggling case involving Kannada actor Ranya...
Direct Tax
NRI Entitled to Full TDS Credit on Property Sale Despite Buyer’s Lapse; Delhi HC Orders Correction of Records and Refund Computation
The Delhi High Court has held that the Non-Resident Indian (NRI) is entitled to...
Direct Tax
ITAT Distinguishes “Commencement Of Business” And “Setting Up Of A Business”; Expenses Incurred After Setting Up Of Business Eligible For Deduction
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that expenses incurred...
Direct Tax
No Proof Of Involvement In Penny-Stock Manipulation: ITAT Allows STCG Claim For Genuine Equity Transactions
The Pune Bench of Income Tax Appellate Tribunal (ITAT) has allowed the short term...
Direct Tax
Appeal Against Denial Of Tax Exemption To ICICI Bank Retiree On Retirement Compensation Can’t Be Dismissed For Non-Appearance: Kerala HC
The Kerala High Court has held that the appeal against denial of tax exemption...
Latest articles
Direct Tax
Interest on Govt. Grant Funds Must Remain Part of Project Corpus, Not Taxable Income: ITAT
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has held that interest...
Direct Tax
Addition Based on Unverified Third-Party Digital Records Can’t Survive Scrutiny: ITAT
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has deleted an addition...
GST
Retrospective Application of BNS Unconstitutional: Allahabad High Court Quashes FIR Against Panchayat Secretary For Non-Deposit Of TDS/GST
The Allahabad High Court has quashed a criminal case registered against a Gram Panchayat...
Direct Tax
Cash Deposits Can’t Be Taxed as Unexplained Money When Supported by Earlier Bank Withdrawals: ITAT
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has deleted an addition...