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Direct Tax
Fund Deployment By Indian Broadcasting Foundation In BARC Is Statutory Obligation And Not ‘Investment’: Delhi High Court Allows Income Tax Exemption
The Delhi High Court while allowing the Income Tax Exemption to Indian Broadcasting Foundation...
Direct Tax
AO Considered Promotional Expenses In Original Proceedings: Bombay High Court Quashes Reassessment Against Pharmaceutical Company
The Bombay High Court has quashed the income tax reassessment proceedings against a Pharmaceutical...
Direct Tax
CBDT Seeks Stakeholders’ Input For Drafting Income-tax Rules
The Central Board of Direct Taxes (CBDT) has sought the stakeholders' input for drafting...
Direct Tax
CBDT Notifies Additional Chief Secretary (IT), Delhi For Income Tax Data Sharing To Identify Beneficiaries Of Welfare Schemes
The Central Board of Direct Taxes (CBDT) has notified the Additional Chief Secretary (IT),...
Direct Tax
Sikkim High Court Upholds Constitutional Validity of ‘Sikkimese’ Definition Under Income Tax Act
The Sikkim High Court has upheld the constitutional validity of 'Sikkimese' definition defined for...
Direct Tax
‘Beyond Reasonable Doubt’ Strictly For Penal Laws; ‘Reason to Believe’ In Tax Matters: Delhi High Court
The Delhi High Court has held that the concept of “proving beyond reasonable doubt”...
Direct Tax
Capital Loss Under India-Ireland DTAA Can’t Be Set Off Against STCG On Sale Of Entitlement Rights: ITAT
The Mumbai bench of Income Tax Appellate Tribunal (ITAT) has held that the capital...
Direct Tax
Genuineness Of Transactions Established: ITAT Deletes Income Tax Additions On Bogus Transaction
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has deleted the income tax...
Direct Tax
Search And Seizure Case Involving Huge Unaccounted Income: Bombay High Court Refuses To Quash S. 153C Assessment Order
The Bombay High Court has refused to quash the assessment order passed under Section...
Direct Tax
Mere Suspicion Insufficient, No Evidence of Value Addition in Solar Goods by Assessee: Delhi High Court
The Delhi High Court has held that the department had failed to place on...
Direct Tax
Low Deterrence in Law Fuels Habitual Economic Offenders, Must Be Stopped: Bombay High Court
The Bombay High Court has held that the low deterrent effect of the law...
Direct Tax
Bombay High Court Asks ICAI On Action Against CAs Without COP Engaged in Misconduct
The Bombay High Court has asked the Institute of Chartered Accountants Of India (ICAI)...
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...