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Direct Tax
200% Penalty for False Deduction Claims; Govt. Tightens ITR Norms to Curb Tax Evasion
Government shall Impose 200% Penalty of the tax due, 24% interest per annum, and...
Direct Tax
Disproportionate Assets case: Court Orders Attachment Of 14 Properties Of Income Tax Additional Commissioner
The Special Judge, Anti Corruption, CBI Court, Ghaziabad has issued ad interim order on...
Direct Tax
Income Tax Compliance Calendar – June 2025
Use this calendar as a reference to manage your tax filings and avoid missing...
Direct Tax
Open Terrace/Portico Excluded From Built-Up Area Computation; Real Estate Developer Entitled To S. 80-IB Deduction: Telangana High Court
The Telangana High Court has held that the real estate developer is entitled to...
Direct Tax
La Pino’z Pizza’s Owner Complaint: IRS Officer Arrested by CBI in Rs 45 Lakh Bribery Case Linked to Income Tax Notice
The Central Bureau of Investigation (CBI) has arrested Anil Kumar Singal, a 2017-batch Indian...
Direct Tax
Amazon Web Not Liable To Pay Royalty On Rendering Cloud Computing Services To Indian Entities: Delhi High Court
The Delhi High Court has held that the Amazon Web is not liable to...
Direct Tax
Creditworthiness Of Lender Can Be Challenged Under Income Tax Act And Not Under PBPT Act: Allahabad High Court Stays Benami Proceedings
The Allahabad High Court has stayed the benami proceedings and was of the prima...
Direct Tax
Income Tax Reassessment Based On Pen Drive Info Quashed: Delhi High Court
The Delhi High Court quashed an income tax reassessment notice of Panch Tatva Promoters...
Direct Tax
Non-Bailable Warrant Against Arjun Rampal in 2019 Tax Evasion Case Quashed: Bombay High Court
The Bombay High Court has set aside a non-bailable warrant issued against Bollywood actor...
Direct Tax
Start-Ups Can Avail Tax Incentives Using This Provision Of Income Tax
India's startup ecosystem has seen exponential growth over the past decade. Recognizing the sector’s...
Direct Tax
Bogus Capital Gain Benefit: Calcutta High Court Upholds Reassessment
The Calcutta High Court has upheld the reassessment against the assessee who was beneficiary...
Direct Tax
Time Exclusion For Reassessment Applicable Only if Reference Made Under Indo-Swiss DTAA: Delhi High Court
The Delhi High Court has held that that time exclusion for reassessment applicable only...
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...