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Direct Tax
No provision Under DTVSV Act Empowering Designated Authority To Reopen Concluded Settlement : Delhi High Court
The Delhi High Court has held that there is no provision under Direct Tax...
Direct Tax
Co-Accused May Apply Separately For Compounding Of Offences U/s 276B and 278B Of Income Tax Act, 1961: Delhi High Court
The Delhi High Court has held that co-accused may apply separately for compounding of...
Direct Tax
Bank Of India Entitled To Income Tax Deduction to BPI On Purchase Of HTM Securities: Bombay High Court Disapproves AO’s Non-Compliance To High Court’s...
The Bombay High Court has disapproved the AO’s non-compliance to high court’s decisions and...
Direct Tax
Not Accepting Revised Computation Of Income Citing Delay In Filing Form 9A Leads To Undue Financial Burden To Taxpayer: Bombay High Court
The Bombay High Court has held that non-acceptance of revised computation of income by...
Direct Tax
Enhanced Tax Rate Of 60% U/S 115BBE Not Applicable To Cash Deposits During Demonetisation: ITAT
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) has held that the enhanced...
Direct Tax
MCX Investment Protection Fund Eligible For Income Tax Exemption : ITAT
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has held that Multi Commodity...
Direct Tax
Donations Of Rs. 228 Crores To Shirdi Saibaba Sansthan Is Exempted From Income Tax : Bombay High Court Quashes Reassessment
The Bombay High Court has held that the donations of Rs. 228 crores to...
Direct Tax
ITAT Dismisses Department’s Appeal Against NFAC’s Order Citing Low Tax Effect
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has dismissed the income tax...
Direct Tax
Unethical Distribution Of Freebie By Pharma Company Abbvie Healthcare : Apex Committee For Pharma Marketing Practices Loops CBDT
The Apex Committee For Pharma Marketing Practices has looped Central Board of Direct Taxes...
Direct Tax
Income Tax Settlement Commission Abolished; Retrospective Legislation Can’t Affect Vested Rights Taxpayer, Says Calcutta High Court
The Calcutta High Court has held that retrospective legislation cannot affect vested rights taxpayers.The...
Direct Tax
Not Possible To Deduct TDS On Discount/Commission Offered To Newspaper Distributors : ITAT
The Delhi bench of Income Tax Appellate Tribunal (ITAT) has held that it is...
Direct Tax
Delhi High Court Deletes Addition Worth Rs. 247 Crores On Account Of Disallowance Of Long Term Capital Gains Exemption
The Delhi High Court has upheld the decision of Income Tax Appellate Tribunal (ITAT)...
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Columns
New Income Tax Act, 2025 to Take Effect from April 1, 2026, Introducing Simplified “Tax Year” System
India is set to usher in a major overhaul of its direct tax framework...
Indirect Taxes
Unexplained 435-Day Delay Leads to Dismissal of Tax Revision Petition: Karnataka High Court
The Karnataka High Court has dismissed a Sales Tax Revision Petition, refusing to condone...
Notification
GSTAT Rajkot Bench Becomes Operational
The Goods and Services Tax Appellate Tribunal (GSTAT) has formally commenced operations of its...
GST
2 Year Limitation Period Prescribed For Claiming IGST Refunds Is Mandatory: Karnataka High Court
The Karnataka High Court has held that the two-year limitation period prescribed under Section...