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Direct Tax
Income Tax Addition Can Be Made Only On Proper Proof Of Bogus Purchases: Bombay High Court
The Bombay High Court has ruled that the income tax addition could be made...
Direct Tax
New TDS Section 194T: 10% TDS Applicable On TDS On Salary, Remuneration, Interest, Bonus Or Commission Of Partners
As of right now, the partnership business is not allowed to deduct tax at...
Direct Tax
ITAT Quashes Income Tax Reassessment Against Hyundai For Being Time Barred
The Income Tax Appellate Tribunal, Chennai, quashed the income tax reassessment against Hyundai for...
Direct Tax
ONUS ON ASSESSEE TO PROVE IDENTITY OF CREDITORS AND THEIR CAPACITY TO ADVANCE MONEY GENUINENESS OF TRANSACTION: CHHATTISGARH HIGH COURT
Author: Khushi J PrajapatiThe Chhattisgarh High Court ruled that the burden of proof rests...
Direct Tax
CBDT Not Empowered Extending Cut-Off Date To Make Section 245C Application: Bombay High Court
The Bombay High Court ruled that CBDT is not empowered for extending the cut-off...
Direct Tax
Himachal Pradesh High Court Stays Income Tax Reassessment Notice Not Issued In Faceless Manner
The Himachal Pradesh High Court stayed the Income Tax reassessment notice not issued in...
Direct Tax
Income Tax Reassessment Can’t Be Based On Allegations Of Delayed Digital Filling Of Form 10: Delhi High Court
Author: Khushi J. PrajapatiThe Delhi High Court held that income tax reassessment proceedings cannot...
Direct Tax
Income Tax Reassessment Can Be Initiated On Financial Transactions Liable To Be Taxed Having Escaped Assessment & Not Otherwise: Delhi High Court
Author: Khushi J. PrajapatiThe Delhi High Court held that income tax reassessment can only...
Direct Tax
Income Derived From Transfer Of Capital Asset Was Not Taxable Within Provisions Of Section 9(1)(I)(A) Of Income Tax Act: ITAT
Khushi J. PrajapatiThe Income Tax Appellate Tribunal (ITAT), Delhi held that the income derived...
Direct Tax
SETTLEMENT CONSIDERATION TO EX-EMPLOYEE FOR RELINQUISHING RIGHTS TO EQUITY SHARES BE TAXED UNDER CAPITAL GAINS: DELHI HIGH COURT
Author: Khushi J PrajapatiThe Delhi High Court ruled that the settlement consideration received by...
Direct Tax
Mere Existence Of Chapel In Nuns’ Residence Can’t Make Building Itself Place Intended For “Public Worship”, Property Tax Applicable: Kerala High Court
The Kerala High Court while upholding the property tax liability held that mere existence...
Direct Tax
BREAKING | Income Tax Dept’s Big Win | TOLA Applicable To Income Tax Act Beyond Specified Date, Rules Supreme Court
In a major relief to the Income Tax Department, the Supreme Court has ruled...
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Other Laws
No ‘Mini-Trial’ at Summoning Stage: Supreme Court Sets Standard U/s 319 CrPC
The Supreme Court has clarified the legal standard for summoning additional accused under Section...
Notification
New Tax Framework Under HSNS Cess Act 2025; CBIC Issues SOP Issued for Officers
The Central Board of Indirect Taxes and Customs (CBIC) has introduced a comprehensive Standard...
Other Laws
Supreme Court Condemns Violence by Lawyers, Orders Bail and Case Transfer in Toll Plaza Assault Case
The Supreme Court has condemned acts of violence and intimidation by members of the...
Indirect Taxes
Gujarat High Court Flags Absence of Company as Accused in VAT FIR, Grants Interim Relief to Directors
The Gujarat High Court has flagged the absence of the company as accused in...