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Direct Tax
Compensation For Compulsory Acquisition Of Landed Property Is Income Under Capital Gains: Kerala High Court
The Kerala High Court has held that amount received as compensation for compulsory acquisition...
Direct Tax
Sub-Registrars To Report Cash Payments of Rs. 2 Lakh and Above In Property Deals To Income Tax Dept.: Supreme Court
The Supreme Court directed the sub-registrars to report cash payments of Rs. 2 lakh...
Direct Tax
Compensation For Delay In Property Handover By Builder Not Taxable: ITAT
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that the compensation...
Direct Tax
No Capital Gain Tax Payable By NRI On Mutual Fund Gains: ITAT [READ ORDER]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has held that no capital...
Direct Tax
S. 271(1)(c) Penalty Not Applicable On Voluntary Surrender, Bonafide Mistake: Chhattisgarh High Court
The Chhattisgarh High Court has issued the clarification on the penalty under Section 271(1)(c)...
Direct Tax
DRI Officer Among Eight Arrested; Punjab Police Bust Pakistan-Backed Drug Cartel
In a major crackdown on drug smuggling, the Punjab Police has successfully dismantled a...
Direct Tax
Once Tax Is Assessed, Entire Amount Has To Be Paid In Absence Of Amnesty Schemes: Kerala High Court
The Kerala High Court has held that once tax has been assessed, the entire...
Direct Tax
Kerala High Court Condones Delay In Filing Audit Report
The Kerala High Court has condoned the delay in filing the audit report for...
Direct Tax
Surcharge On Private Discretionary Trusts To Be Computed As Per Slab Rates Prescribed In Finance Act: ITAT
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has held that surcharge on...
Direct Tax
CBDT Exempts HUDCO Bonds From LTCG
The Central Board of Direct Taxes (CBDT) has notified that bonds issued by the...
Direct Tax
ITR-B For Block Search Assessment Return U/S.158BC(1)(a) of Income Tax Act: CBDT
The Central Board of Direct Taxes (CBDT) has notified the ITR-B For block search...
Direct Tax
CBDT Notifies April 30, 2025 as Deadline Under Vivad se Vishwas Scheme 2024
In a significant update under the Direct Tax Vivad se Vishwas Scheme, 2024, the...
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...