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Bombay High Court Quashes Re-Assessment Proceedings Against ICICI Bank

The Bombay High Court has quashed the reassessment proceedings against ICICI Bank.The bench of...

Karnataka High Court Quashes Penalty For Non-Deduction Of TDS On Professional Advice 

The Karnataka High Court has quashed the penalty for non-deduction of TDS on professional...

Infrastructure Debt Fund To Be Set Up As Non-Banking Financial Company: CBDT Notifies Income-tax (Third Amendment) Rules, 2025

The Central Board of Direct Taxes (CBDT) has notified the Income-tax (Third Amendment) Rules,...

Offer To Pay Tax On Additional  Amount To Avoid Litigation Not Proof Of Undisclosed Income For Penalty: ITAT

The Chennai Bench of Income Tax Appellate Tribunal (ITAT) has held that voluntary tax...

ITAT Quashes Addition On Specified Bank Notes Deposited During Demonetization Citing Nature Of Firework Business

The Chennai Bench of Income Tax Appellate Tribunal (ITAT) has quashed the addition of...

Evidentiary Value Of Pen Drive In Absence Of Certificate U/s 65B(4) Of Indian Evidence Act: ITAT Upholds Addition

The Pune Bench of Income Tax Appellate Tribunal upheld the addition against the assessee...

AO’s Duty To Dispose Of Written Objection Submitted By Assessee For Re-Assessment: Calcutta High Court

The Calcutta High Court has held that it is the duty of the Assessing...

Official Income Tax Calculator For FY 2025-26: CBDT

The Central Board Of Direct Taxes (CBDT) has  introduced a taxpayer-friendly tool to compare...

Direct Tax Weekly Flashback: 2 To 8 February 2025

Direct Tax Weekly Flashback for the period 2 to 8 February 2025.Supreme CourtFiling ITR...

Filing ITR After Due Date but Before Prosecution Does Not Impact Offence Under Section 276CC: Supreme Court

The Supreme Court has held that filing of Income Tax Return (ITR) after the...

ITAT Can’t Summarily Dismiss The Appeal For Default Of Appearance: Bombay High Court

The Bombay High Court has held that the Income Tax Appellate Tribunal (ITAT) cannot...

Delhi High Court Clarifies On Surviving Time Period For Income Tax Reassessment Notice

The Delhi High Court has clarified on the surviving time period for income tax...

Latest articles

GST Registration Must Be Restored Despite Departmental Appeal; No Automatic Stay on Appellate Order: Allahabad High Court

The Allahabad High Court has held that the GST Department cannot refuse to restore...

CESTAT Quashes Excise Duty Demand Before March 2008 in Alleged MRP Suppression Case, Orders Fresh Recalculation

The Ahmedabad Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has...

No Sugar Cess Payable on Sugar Exported Out of India: CESTAT

The Ahmedabad Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has...