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Income Tax Dept Raids Jane Street and Nuvama in Mumbai Amid Alleged Market Manipulation Probe

On July 31, 2025, the Income Tax Department conducted survey operations at the Mumbai...

Delhi High Court Delivers Major Relief to Hedge Funds: Slashes 40% Tax Blow from 2014 CBDT Circular

The Delhi High Court has struck down a controversial interpretation of a 2014 Central...

Bombay High Court Stays Tax Demand Against Municipal Corporation Over TDS on TDR Issuance

The Bombay High Court has stayed an Income Tax Department order declaring the civic...

Facility for Filing Updated Returns for AY 2021-22 & AY 2022-23 Now Available for ITR-1 & ITR-2

The Income Tax Department has announced that the facility for filing Updated Returns for...

Cash Loans Above Rs. 20K in Violation of Income Tax Act Not Legally Enforceable Debt: Kerala High Court

The Kerala High Court has ruled that cash loans exceeding Rs. 20,000, in violation...

Sitharaman Orders Swift Withdrawal of Low-Value Tax Appeals to Cut Litigation Load

In a major push to reduce tax-related litigation and improve service delivery, Union Finance...

ITR Not Conclusive Proof of Income: Calcutta High Court Hikes Maintenance to Estranged Wife

The Calcutta High Court has ruled that income tax returns cannot be treated as...

Congress Violates Rs. 2,000 Cash Donation Cap: ITAT Upholds Rs. 199 Crore Income Tax Demand 

The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has upheld a tax demand of...

Non-Faceless Income Tax Reassessment Notices Are Invalid: Supreme Court

Supreme Court Confirms Mandatory Faceless Protocol for Section 148 Notices, Upholds Telangana High Court...

No Section 14A Disallowance If No Exempt Income Earned: Delhi High Court Dismisses Income Tax Dept’s Appeal

The Delhi High Court has dismissed the Income Tax Department’s appeal challenging an Income...

Fake Tax Claims Can Backfire: Income Tax Dept. Launches Crackdown on Bogus Deductions

The Income Tax Department has launched a nationwide crackdown on fraudulent deduction claims, conducting...

Income Tax Raids on CA and CS’s Home and Office in Meerut

The Income Tax Department conducted large-scale raids on Monday at the residence and offices...

Latest articles

CESTAT Quashes Excise Duty Demand on Poultry Cage Weld Mesh

The Chennai Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has...

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...

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...

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...