Keep exploring
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
Interest Earned And Dividend Income From Co-Operative Societies/Banks To Be Taken Into Account While Granting Income Tax Deduction: ITAT
The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench has held that interest earned and...
Direct Tax
Nature Of Social Welfare Expenditure Can’t Be Altered Merely For Having Its Presence In Settlement Memorandum: Bombay High Court
The Bombay High Court has held that merely because such expenditure finds a place...
Direct Tax
Order Passed In appeal U/S 35(2) Of Revenue Code Is Revisable Under Section 210: Allahabad High Court
The Allahabad High Court ruled that the order passed in appeal u/s 35(2) of...
Direct Tax
Income Tax Reassessment Show Cause Notices Issued In International Tax Charges Not Exempted To Follow Statutory Faceless Procedure: Telangana High Court
The Telangana High Court ruled that the Income Tax reassessment show cause notices issued...
Direct Tax
Faceless Assessment Provisions Applicable On International Taxation Charge: Bombay High Court
The Bombay High Court held that the faceless assessment provisions are applicable on international...
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...
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
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
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
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
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...
Latest articles
Other Laws
No Rs. 106 Crore Compensation for Suspended Coal Supply Period; Supreme Court Says Relief Limited to Coal Supply at ‘Current Price’
The Supreme Court has ruled that a company whose coal supply was suspended is...
Other Laws
Dying Declaration Can Be Relied Upon If Certified by Doctor: Supreme Court
The Supreme Court of India upheld the conviction of a man for murdering his...
Company & PMLA
Bank’s Wrong Remittance Does Not Discharge Guarantor: Supreme Court Upholds Liability Under ‘Corporate Guarantee’
The Supreme Court has held that a company that issued a “corporate guarantee” to...
Other Laws
Supreme Court Strikes Down 3-Month Limit for Maternity Leave to Adoptive Mothers
The Supreme Court has struck down the 3 month limit for maternity leave to...