Keep exploring
Direct Tax
Reassessment Notice Issued By JAO Is Invalid: Bombay High Court
The Bombay High Court ruled that reassessment notice issued by JAO is invalid.The bench...
Direct Tax
Fresh Registration Of Charitable Trusts Could Be Granted Only From Year Of Preferring Application: ITAT
The Income Tax Appellate Tribunal, Delhi, ruled that fresh registration of charitable trusts could...
Direct Tax
ITAT Deletes Income Tax Addition Sold Based On Statements Recorded Without Corroborative Evidence Of Unaccounted Sales
The Income Tax Appellate Tribunal, Delhi, deleted the income tax addition sold based on...
Direct Tax
CBDT Specifying Circumstances For Enquiries/Verification Functions
The Central Board of Direct Taxes has issued order under proviso to Section 144B(5)...
Direct Tax
Loan Repayment Supports The Genuineness Of Transactions; ITAT Deletes Income Tax Addition
Author: Khushi J PrajapatiThe Income Tax Appellate Tribunal (ITAT) Ahmedabad upheld the decision of...
Direct Tax
Income Tax Deduction Allowable On Interest Income Earned From Deposits With Co-operative Banks: ITAT
The Income Tax Appellate Tribunal Ahmedabad ruled that the Income Tax deduction is allowable...
Direct Tax
AO Yet To Frame Assessment, Writ Court Should Not Interfere At Premature Stage: Punjab And Haryana High Court
The Punjab and Haryana High Court has held that where the proceedings have not...
Direct Tax
PROCEEDINGS IMPOSING PENALTY ON CONTRAVENTION OF PENAL PROVISIONS ARE QUASI-CRIMINAL ONUS ON DEPT. TO GIVE CATEGORICAL FINDING: ITAT
Author: Khushi J PrajapatiThe Income Tax Appellate Tribunal, New Delhi affirmed that proceedings related...
Direct Tax
NO ASSESSMENT PROCEEDINGS PENDING AS OF SEARCH DATE: ITAT UPHOLDS DELETION OF INCOME TAX ADDITION TOWARDS UNEXPLAINED EXPENDITURES
The Income Tax Appellate Tribunal (ITAT) upheld the deletion of income tax addition concerning...
Direct Tax
Building Association Can Claim Expenditure Against Interest Income: ITAT
The Income Tax Appellate Tribunal, Ahmedabad held that the building association can claim expenditure...
Direct Tax
Wilful Concealment Of Income: Calcutta High Court Uphold Prosecution
The Calcutta High Court Upheld the Prosecution against assessee.The bench said that Sri Bachchraj...
Direct Tax
Nature Of Trading Business Can’t Be Foundation To Conclude Principal-Agent Relationship Under Indo-Japan Tax Treaty: ITAT
The Income Tax Appellate Tribunal Delhi, observed that the nature of trading business can't...
Latest articles
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...
GST
Titan Challenges Deemed Supply Provision Under GST: Madras High Court to Examine Taxability of Unreturned Job Work Inputs
In a significant development for the manufacturing and GST ecosystem, Titan Company Limited has...
Indirect Taxes
Can Service Tax Be Demanded Solely on Form 26AS Data Without Pre-SCN Consultation? Gauhati High Court Remand Back Matter to CESTAT
The Gauhati High Court while remanding the matter to the Customs, Excise and Service...
GST
Amended Formula U/R 89 (5) For Inverted Duty Refunds Is Retrospectively Applicable: Andhra Pradesh HC
The Andhra Pradesh High Court has held that the amended formula under Rule 89...