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Direct Tax
Reassessment Notice To Be Issued By FAO And Not JAO: Bombay High Court
The Bombay High Court held that reassessment notice under Section 148 of the Income...
Direct Tax
Income Tax Addition Can Be Made Only On Proper Proof Of Bogus Purchases: Bombay High Court
The Bombay High Court has ruled that the income tax addition could be made...
Direct Tax
No Income Earned On Funds Remitted In India Used For Subscription In Securities, Delhi High Court Quashes Reassessment Order
The Delhi High Court has quashed the reassessment order on the grounds that no...
Direct Tax
Once Principal Grounds Of Reassessment Dropped, No Further Income Tax Additions Can Be Made: Delhi High Court
The Delhi High Court reiterated that once the principal grounds on which reassessment was...
Direct Tax
Delhi High Court Upholds ITAT’s Order Allowing Customs-Duty Adjustment On Import Of Watches
The Delhi High Court while dismissing the appeal of the income tax department upheld...
Direct Tax
AO Can’t Interfere In The Method Selected For The Valuation Of Shares: Bangalore ITAT
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench ruled that the AO cannot interfere...
Direct Tax
LIFE Trust Stopping Coal Based Indian Thermal Power Plants And Coal Mine Projects Causing Irreparable Loss To India: ITAT Refuses To Stay Section 12A...
Author: Khushi J Prajapati The ITAT has held the cancellation of the trust's registration under...
Direct Tax
ITAT Allows Loss On Account Of Error Trading Transaction To Morgan Stanley
In a major relief to Morgan Stanley India Company Ltd., the Income Tax Appellate...
Direct Tax
ACJM Erred in Interpreting SC’s Order Granting Interim Anticipatory Bail to Accused under PMLA and Income Tax Act: Supreme Court
The Supreme Court held the Investigation Officer and the ACJM for gross derision to...
Columns
Finance Bill 2024 At Enactment Stage: Know Key Points
Recently, Lok Sabha approved the Finance Bill 2024 by making significant amendments. The Finance...
Direct Tax
Amendment To Finance Bill 2024: Scope Of UDI Extended To Include Incorrect Claim Of Exemption For Search Assessments
The Finance (No. 2) Bill, 2024 was presented by the Hon’ble Finance Minister...
Direct Tax
Amendment To Finance Bill 2024: Ambiguity On Applicability Of Erstwhile Reassessment Procedure
The Finance (No. 2) Bill, 2024 was presented by the Hon’ble Finance Minister...
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Case Compilation
Direct Tax Weekly Flashback: 15 February 2026 To 21 February 2026
Here’s an Direct Tax weekly flashback from 15 February 2026 To 21 February 2026.Supreme...
Case Compilation
Indirect Tax Weekly Flashback: 15 February 2026 To 21 February 2026
Here’s an Indirect Taxes weekly flashback from 15 February 2026 To 21 February 2026.Delhi...
Case Compilation
GST Weekly Flashback: 15 To 21 February 2026
GST Weekly Flashback (15–21 February 2026) brings together the most significant developments under the...
Indirect Taxes
SAD Refund Limitation to Be Counted from Date of Domestic Sale And Not From The Date of Import: Calcutta HC
The Calcutta High Court has reiterated that the Special Additional Duty (SAD) refund limitation...