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TOLA Will Apply To Income Tax Act After 1 April 2021, Rules Supreme Court: Know Key Observations 

The Supreme Court has held that the Taxation and Other Laws (Relaxation & Amendment...

CBDT Increases Tax Refund Limit Jurisdiction For Condonation Of Delay In Filing ITR

Now it has become more easier to claim income tax refund in cases of...

Delhi High Court Upholds Income Tax Settlement Commission’s Action In Restricting Interest Liability To Application Admission Date

The Delhi High Court has upheld the action of Income Tax Settlement Commission (ITSC)...

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...

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...

CBDT Specifying Circumstances For Enquiries/Verification Functions

The Central Board of Direct Taxes has issued order under proviso to Section 144B(5)...

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...

AO Accepted Co-Owner’s Indexed Renovation Expenses, Assessee Not Required To Produce Documents: Gujarat High Court

The Gujarat High Court has held that the assessing officer (AO) accepted the co-owner's...

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...

Plea Challenging Genuineness Of Transaction Can’t Be Raised In Appeal Before High Court If Not Raised Before ITAT: Karnataka High Court

The Karnataka High Court while dismissing the appeal of the Department held that plea...

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...

Relief To Vodafone: Supreme Court Dismisses Dept’s SLP On Taxability Of Interconnect Charges And TDS Liability Fastening Basis Retrospective Amendment

The Supreme Court Dismissed the department's Special Leave Petition (SLP) on taxability of interconnect...

Latest articles

‘Reason to Believe’ vs ‘Information Suggesting Escapement’: Supreme Court to Decide Core Reassessment Standard Under Income Tax Act

In a case that could redefine the contours of reassessment proceedings under the Income-tax...

CAT Directs Retrospective Pay Fixation for Central Excise Officers from 1996

The Chennai Bench of the Central Administrative Tribunal (CAT) has directed the government to...

Consolidation Of SCNs Covering Multiple FY Under S. 73, 74 of CGST Act Allowed: Delhi HC 

The Delhi High Court has allowed the consolidation of show cause notices (SCNs) covering...