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Building Association Can Claim Expenditure Against Interest Income: ITAT

The Income Tax Appellate Tribunal, Ahmedabad held that the building association can claim expenditure...

NO ASSESSMENT PROCEEDINGS PENDING AS OF SEARCH DATE: ITAT UPHOLDS DELETION OF INCOME TAX ADDITION TOWARDS UNEXPLAINED EXPENDITURES

The Income Tax Appellate Tribunal (ITAT) upheld the deletion of income tax addition concerning...

PROCEEDINGS IMPOSING PENALTY ON CONTRAVENTION OF PENAL PROVISIONS ARE QUASI-CRIMINAL ONUS ON DEPT. TO GIVE CATEGORICAL FINDING: ITAT

Author: Khushi J PrajapatiThe Income Tax Appellate Tribunal, New Delhi affirmed that proceedings related...

BREAKING | CA Files PIL Before Gujarat High Court Challenging Non-Allowing Rebate Guaranteed U/s 87A Of Income Tax Act 1961 

Today, CA Chintan Nareshkumar Patel has filed a Public Interest Litigation (PIL) challenging the...

AO Yet To Frame Assessment, Writ Court Should Not Interfere At Premature Stage: Punjab And Haryana High Court

The Punjab and Haryana High Court has held that where the proceedings have not...

Cheque For Refund Issued By Income Tax Dept. Bounced Despite Court’s Clear Directions: Punjab & Haryana High Court Orders Departmental Action

The Punjab and Haryana High Court has directed the departmental action against the income...

Royalty Imposed By Municipal Corporation On Advertising Companies For Putting Up Hoardings/Advertisements Can’t Be Termed As ‘Tax’: Supreme Court

The Supreme Court has held that  'royalty' imposed by Municipal Corporation on the advertising...

Mere Omission To Give Correct Information Is Not Suppression Of Facts Unless It Was Deliberate To Stop Payment Of Duty: Chhattisgarh High Court

The Chhattisgarh High Court has held that mere omission to give correct information is...

CBDT Issues Revised Guidelines For Compounding of Offences Under Income Tax Act, 1961

The Central Board of Direct Taxes (CBDT) has issued Revised Guidelines for compounding of...

Income Tax Deduction Allowable On Interest For Broken Period In Case Of Stock -In-Trade: Supreme Court

The Supreme Court has held that income tax deduction allowable on interest for broken...

Addition Made Purely On Employees’ Statement Not Sustainable: ITAT Deletes Income Tax Addition Of Rs. 1.68 Crores

The Income Tax Appellate Tribunal (ITAT), Mumbai Bench has upheld the deletion of the...

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JURISHOUR | TAX LAW DAILY BULLETIN : MARCH 17, 2026

Here’s the Tax Law Daily Bulletin for March 17, 2026.GSTDGGI MAY RECOMMEND ED PROBE...

GSTN Update Triggers Portal Glitch: Taxpayers Forced to Confirm ‘Tax Liability Breakup’ Tab Despite No Late Invoices

In a recent system update aimed at improving compliance under Section 50 of the...

Maruti Suzuki to Challenge Draft Assessment Order Proposing Rs. 5,786 Crore Income Tax Demand

Maruti Suzuki India Limited (MSIL) on Tuesday disclosed that it has received a Draft...