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Direct Tax
Creditworthiness Of Lender Can Be Challenged Under Income Tax Act And Not Under PBPT Act: Allahabad High Court Stays Benami Proceedings
The Allahabad High Court has stayed the benami proceedings and was of the prima...
Direct Tax
Income Tax Reassessment Based On Pen Drive Info Quashed: Delhi High Court
The Delhi High Court quashed an income tax reassessment notice of Panch Tatva Promoters...
Direct Tax
Non-Bailable Warrant Against Arjun Rampal in 2019 Tax Evasion Case Quashed: Bombay High Court
The Bombay High Court has set aside a non-bailable warrant issued against Bollywood actor...
Direct Tax
Start-Ups Can Avail Tax Incentives Using This Provision Of Income Tax
India's startup ecosystem has seen exponential growth over the past decade. Recognizing the sector’s...
Direct Tax
Bogus Capital Gain Benefit: Calcutta High Court Upholds Reassessment
The Calcutta High Court has upheld the reassessment against the assessee who was beneficiary...
Direct Tax
Time Exclusion For Reassessment Applicable Only if Reference Made Under Indo-Swiss DTAA: Delhi High Court
The Delhi High Court has held that that time exclusion for reassessment applicable only...
Direct Tax
Disallowance U/s 36(1)(va) Of Income Tax Act Not Permissible as Prima Facie Adjustment Prior to Supreme Court’s Checkmate Ruling: Chhattisgarh High Court
The Chhattisgarh High Court has held that the disallowance under section 36(1)(va) Of Income...
Direct Tax
Rs. 1.3 Crore LTCG Exemption Granted To Husband-Wife Despite 2 Properties Sold: ITAT
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has allowed the Long Term...
Direct Tax
Genuine Mistake In Treating HUF Partition As Transfer: Calcutta High Court Quashes Income Tax Penalty
The Calcutta High Court has quashed the income tax penalty on the ground of...
Direct Tax
No Income Tax On Incentives Received In Form Of Excise Duty Refund, Sales Tax Remission, Sales/VAT Input Tax Refund: ITAT
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that no income...
Direct Tax
Careless Approach Of Faceless AO And Faceless CIT(A): ITAT
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has expressed displeasure for the...
Direct Tax
Date of AO’s Receipt of Material U/S 153C To Be Deemed As Date Of Search Or Requisition: Delhi HC
The Delhi High Court has held that the date of ao’s receipt of material...
Latest articles
Indirect Taxes
CESTAT Quashes Excise Duty Demand on Poultry Cage Weld Mesh
The Chennai Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has...
Indirect Taxes
Commission Retained on Air Tickets Bought Through GSA/IATA Agents Not Taxable as Business Auxiliary Service
The Chandigarh Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has...
Indirect Taxes
CENVAT Credit Can’t Be Denied on Duty-Paid Inputs from Area-Based Exempt Units: CESTAT
The Chandigarh Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has...
GST
Ignoring Taxpayer’s Reply While Rejecting GST Refund Is Illegal: Bombay High Court
The Bombay High Court has set aside an ex-parte order rejecting a GST refund...