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Direct Tax
Tax Practitioners Urge Govt. to Extend Deadlines for Filing ITRs and Tax Audit Reports
The All India Federation of Tax Practitioners (AIFTP) has formally submitted a representation to...
Direct Tax
Share Premium Not Taxable, Dismisses Dept’s Rs.17.10 Crore Addition: ITAT
The Income Tax Appellate Tribunal (ITAT), Mumbai “C” Bench, dismissed two appeals filed by...
Direct Tax
Income Tax Dept. Sends SMS Alerts to Non-Filers Ahead of September 15 Deadline
The Income Tax Department has begun dispatching SMS notifications to taxpayers who have not...
Direct Tax
Wrongful Rejection of SVLDR Declaration Would Push Decade-Long Tax Litigation, Denying Dept. Immediate Recovery: Bombay High Court
The Bombay High Court has ruled that the tax department wrongly rejected a hospitality...
Direct Tax
CBSE Gets Income Tax Exemption for Five Years
The Central Board of Direct Taxes (CBDT) has granted the Central Board of Secondary...
Direct Tax
Share Of Minor Daughter Included In Sale Of Property Done With Permission Of Court, Can’t Be Clubbed With Father’s Income: ITAT
The Chennai Bench of Income Tax Appellate Tribunal (ITAT), Chennai Bench has held that...
Direct Tax
P&H High Court Permits ED to Inspect Income Tax Records in Foreign Assets Case
The Punjab and Haryana High Court on Wednesday dismissed a set of petitions challenging...
Direct Tax
Supreme Court Dismisses Income Tax Dept’s Plea Over 248-Day Delay
The Supreme Court of India has dismissed a Special Leave Petition (SLP) filed by...
Direct Tax
Capital Loss Carry Forward Allowed Even When Gains on Grandfathered Investments Are Tax-Exempt: ITAT
In a major relief for foreign investors, the Income Tax Appellate Tribunal (ITAT), Mumbai,...
Direct Tax
Income Tax Dept. Eases Black Money Act Provisions for Small Foreign Assets
The Income Tax Department has introduced significant relief for taxpayers holding small-value foreign assets,...
Direct Tax
Fake Income Tax Emails Circulate: Fraudulent ‘Penalty Notice’ Targets Taxpayers
A fraudulent email disguised as an official communication from the Income Tax Department is...
Direct Tax
Cash Deposits Of Rs. 20.5 Lakhs From Demonetisation Not ‘Unexplained Money’ Under Section 69A: Chhattisgarh High Court
The Chhattisgarh High Court has held that the cash deposits of Rs. 20.5 lakhs...
Latest articles
Indirect Taxes
CESTAT Quashes Excise Duty Demand on Poultry Cage Weld Mesh
The Chennai Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has...
Indirect Taxes
Commission Retained on Air Tickets Bought Through GSA/IATA Agents Not Taxable as Business Auxiliary Service
The Chandigarh Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has...
Indirect Taxes
CENVAT Credit Can’t Be Denied on Duty-Paid Inputs from Area-Based Exempt Units: CESTAT
The Chandigarh Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has...
GST
Ignoring Taxpayer’s Reply While Rejecting GST Refund Is Illegal: Bombay High Court
The Bombay High Court has set aside an ex-parte order rejecting a GST refund...