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Direct Tax Weekly Flashback: 09 To 15 February 2025

Direct Tax Weekly Flashback for the period 9 to 15 February 2025.Supreme CourtSection 271AAA...

Bombay High Court Quashes Income Tax Assessments Orders Against Merged Reliance Units

The Bombay High Court has quashed the income tax assessments orders against merged Reliance...

Select Committee To Review Income Tax Bill 2025 Constituted [READ OFFICIAL NOTIFICATION]

In a significant legislative move, Lok Sabha Speaker Om Birla has constituted a 31-member...

Future Amendment Denying Depreciation On Goodwill Can’t Be The Basis For Reopening Assessment: Gujarat High Court

The Gujarat High Court has held that future amendment denying depreciation on goodwill cannot...

Section 148 Can’t Be Invoked For Change In Tax Rate For Future AYs: Bombay High Court

The Bombay High Court has held that merely because there is some change in...

Bombay High Court Quashes Re-Assessment Proceedings Against ICICI Bank

The Bombay High Court has quashed the reassessment proceedings against ICICI Bank.The bench of...

Karnataka High Court Quashes Penalty For Non-Deduction Of TDS On Professional Advice 

The Karnataka High Court has quashed the penalty for non-deduction of TDS on professional...

Infrastructure Debt Fund To Be Set Up As Non-Banking Financial Company: CBDT Notifies Income-tax (Third Amendment) Rules, 2025

The Central Board of Direct Taxes (CBDT) has notified the Income-tax (Third Amendment) Rules,...

Offer To Pay Tax On Additional  Amount To Avoid Litigation Not Proof Of Undisclosed Income For Penalty: ITAT

The Chennai Bench of Income Tax Appellate Tribunal (ITAT) has held that voluntary tax...

ITAT Quashes Addition On Specified Bank Notes Deposited During Demonetization Citing Nature Of Firework Business

The Chennai Bench of Income Tax Appellate Tribunal (ITAT) has quashed the addition of...

Evidentiary Value Of Pen Drive In Absence Of Certificate U/s 65B(4) Of Indian Evidence Act: ITAT Upholds Addition

The Pune Bench of Income Tax Appellate Tribunal upheld the addition against the assessee...

Latest articles

Jurishour | Tax Law Daily Bulletin : April 24, 2026

Here’s the Tax Law Daily Bulletin for April 24, 2026.GSTSERVICE OF GST SCN &...

Suppression of Material Facts & Non-Issuance of Citations Vitiates Grant of Will: Supreme Court Restores Revocation of Probate

The Supreme Court has held that suppression of material facts and failure to implement...

Annual Cash Limits On Saving Account Transactions Introduced Under Income Tax Rules 2026

With the rollout of the Income Tax Rules, 2026 under the revamped Income Tax...

Supreme Court Strengthens Rights of Disabled Prisoners, Directs High-Powered Committee Oversight for Nationwide Compliance

The Supreme Court has issued comprehensive directions to safeguard the rights of prisoners with...