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Transfer Pricing Entities Operating On Economic Upscale Can’t Be Included As Comparables Of Those Working On Cost Plus Pricing: Delhi High Court

The Delhi High Court has held that Transfer Pricing Entities operating on economic upscale ...

Assessment Order Under Faceless Assessment Scheme Passed Without Show Cause notice Is Void: Bombay High Court

The Bombay high court has held that the assessment order under faceless assessment scheme...

ITAT Quashes Revision Order Passed By PCIT Without Citing That Prior Approval U/S 153D Was Erroneous 

The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has quashed revision order passed...

Delhi High Court Quashes S. 271(1)(c) Penalty Citing Absence Of Specific Charge In Notice

The Delhi High Court has quashed the penalty under Section 271(1)(c) of the Income...

S. 264 Revisionary Power Bridges Vacuum To Remedy Bona Fide Mistake: Bombay High Court

Background Arguments - Section 264 Revisionary Power Conclusion FAQsWhat is section 264 under the...

Credit Card  Issued By Foreign Branches But Used In India; No Income Tax On Credit Card Fee: Delhi High Court

BackgroundConclusion - No Income Tax on Credit Card FeeFAQsIs Income Tax on Credit Card...

Tax audit due date extension notification: CBDT Extends 7 Days Time For Filing Of Audit Reports For AY 2024-25

Applicability Of Extension For Filing Audit Reports FAQsIs there any Tax audit due date extension notification?Circular DetailsThe...

Technological Impediment Can’t Harass Assessee Year After Year, CBDT To Take Steps: Supreme Court

BackgroundConclusion - Technological Impediment Can’t Harass AssesseeFAQsCan Technological Impediment hasrass assessee under Income Tax...

NFAC | Failure Of Assessee To Submit Documents Sought: Madras High Court Upholds Reassessment

BackgroundArgument By NFAC Income TaxConclusionFAQsWhat is the full form of NFAC Income Tax?Case DetailsThe...

Income Tax Reassessment | Karnataka High Court Quashes S. 148A Notice Prescribing 6 Days To Show Cause

BackgroundConclusionFAQsUnder which provision income tax reassessment can be initiated?What is the limitation for replying...

Latest articles

JURISHOUR | TAX LAW DAILY BULLETIN : MARCH 18, 2026

Here’s the Tax Law Daily Bulletin for March 18, 2026.GSTCONSOLIDATION OF SCNS COVERING MULTIPLE...

Mumbai Customs Busts Rs. 64.39 Crore Hydroponic Weed Racket at Airport; 4 Passengers Arrested Under NDPS Act

In a major anti-narcotics operation, officers of the Airport Commissionerate under Mumbai Customs Zone–III...

Attachment of Bank Accounts Despite ITAT Stay Illegal: Delhi HC Quashes Coercive Recovery

The Delhi High Court has set aside the attachment of bank accounts holding that...

No GST Recovery Without Following Law: Bombay High Court

The Bombay High Court directed the immediate restoration of GST registration of the assessee...