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Direct Tax
CBDT Issues Clarifications on Revised Compounding Guidelines Under Income Tax Act
The Central Board of Direct Taxes (CBDT) has issued a fresh set of Frequently...
Direct Tax
Boatman Earns Rs. 30 Crore During Kumbh Mela, Faces Rs. 12.8 Crore Income Tax Notice
A boatman’s family from Arail village, Prayagraj, has been issued an income tax notice...
Direct Tax
Madras High Court Upholds Income Tax Assessment Transfer From ITO Theni to DCIT Kochi For Coordinated Investigation
The Madras High Court has upheld the income tax assessment transfer from Income Tax...
Direct Tax
ESOP Issued To Employees Is Revenue Expenditure: ITAT Allows Income Tax Deduction
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) while allowing the deduction under...
Direct Tax
CBDT To Decide Delay Condonation Applications; Delegation To Additional CIT (OSD) Not Proved: Bombay High Court
The Bombay High Court has held that the Central Board of Direct Taxes (CBDT)...
Direct Tax
Income Tax Notices Issued to Deceased Person Not Binding on Legal Representatives: Bombay High Court
The Bombay High Court has held that income tax notices issued to deceased persons...
Direct Tax
Retracted Statement Alone Not Sufficient for Income Tax Addition, No Incriminating Material Found: Gauhati High Court
The Gauhati High Court has held that the retracted statement alone is not sufficient...
Direct Tax
This Karnataka High Court Ruling Settles All Aspects Of Input Tax Credit Claims
The Karnataka High Court while settling all aspects of input tax credit (ITC) claims...
Direct Tax
Income Tax | Failure Of Passing Of Draft Order Not Curable Defect: ITAT
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) while quashing the final assessment...
Direct Tax
Income Tax Weekly Flashback: 9 To 15 March 2025
Income Tax Weekly Flashback for the period 9 to 15 March 2025.Delhi High CourtExistence...
Direct Tax
I-T Dept. Intensifies Probe: Unusual Data Sources Used to Track Tax Evasion
The Income Tax (I-T) Department has ramped up its investigation efforts, leaving no stone...
Direct Tax
Relief To Vodafone: Delhi High Court Allows Rs.5.10 Crores Claimed On Account Of Asset Reconstruction Cost
In a major relief to Vodafone, the Delhi High Court has allowed Rs.5,10,79,752 claimed...
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...