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Direct Tax
ITAT Remands Rs. 3.56 Crore S. 68 Addition as AO Failed to Verify Higher Opening Loan Balance and Debit Transactions
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has remanded a ₹3.56...
Direct Tax
Mere Unverified Excel Sheets Recovered During Income Tax Search Can’t Justify Additions: ITAT
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that income...
Direct Tax
Rs. 1,663 Crore SBI Pension Provision Is Allowable: ITAT
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has allowed State Bank...
Direct Tax
Minor’s Interest Income Clubbed in Father’s Hands Can’t Attract S. 270A Penalty When Returned and Assessed Income Are Same: ITAT
The Delhi Bench of the Income Tax Appellate Tribunal has deleted a penalty of...
Direct Tax
Capital Gains From Redevelopment Can’t Be Taxed in Housing Society’s Hands: ITAT
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has deleted a ₹18.40...
Direct Tax
Bhayander CA, Two Others Booked Over Alleged Illegal Overseas Remittances of ₹495.30 Crore
Bhayander Police have registered a First Information Report (FIR) against a chartered accountant and...
Direct Tax
2 Income Tax Officials Arrested Over Alleged Fake Raid and ₹1 Crore Extortion Bid at Mumbai Businessman’s Office
Mumbai Police have arrested two Income Tax Department officials for their alleged involvement in...
Direct Tax
Entire Gross Receipts Can’t Be Taxed by Ignoring Expenditure: ITAT Directs Reconsideration of Educational Trust’s Appeal
The Pune Bench of the Income Tax Appellate Tribunal (ITAT) has held that the...
Direct Tax
S. 147A Validating JAO-Issued Income Tax Reassessment Notices Struck Down: P&H High Court [Read Order]
The Punjab and Haryana High Court has struck down Section 147A of the Income...
Direct Tax
Jurisdictional Officer Can’t Issue Reassessment Notice Where NFAC Has Exclusive Authority: Punjab & Haryana High Court
The Punjab and Haryana High Court has disposed of a taxpayer’s challenge to reassessment...
Direct Tax
AO Can’t Ignore Reply Available on Record Before Passing Reassessment Order: Delhi High Court
The Delhi High Court has set aside an Income Tax reassessment order after finding...
Direct Tax
Income Tax Dept. Can’t Be Collected Twice on Same Income; Double Taxation Itself Constitutes Hardship: Delhi High Court
The Delhi High Court has held that the government cannot levy tax twice on...
Latest articles
GST
GST Registration Cancellation Quashed Over Missing Verification Report And Unexplained Retrospective Effect: Karnataka High Court
The Karnataka High Court has set aside an order cancelling a firm’s GST registration...
GST
Internal Departmental Delays Can’t Extend GST Refund Appeal Deadline: Karnataka High Court
The Karnataka High Court has dismissed the department’s appeal in a dispute involving recovery...
GST
GST Officer Blocks Rs. 1.61 Crore ITC Beyond His Powers; Allahabad High Court Orders Review Of Similar Cases
The Allahabad High Court has directed the Commissioner, State Tax, to examine whether officers...
GST
GST Recovery Put on Hold as Allahabad HC Flags Substantial Question of Law Over Portal Upload, Communication of Orders
The Allahabad High Court has taken serious note of concerns relating to the chronology...