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Direct Tax
Andhra Pradesh High Court Refuses to Condone 800-Day Delay in Income Tax Appeal: Here’s Why?
The Andhra Pradesh High Court has dismissed a petition seeking condonation of an 800-day...
Direct Tax
Income Tax Dept Failed To Give Effect To ITAT’s Order: Delhi HC Directs Rs. 36.85 Lakh Refund with 3% Interest
The Delhi High Court has ordered the Income Tax Department to refund Rs. 36,85,243...
Direct Tax
PCIT’s Can Invoke S. 263 Despite Capital Gains Issue Pending Before CIT(A): ITAT
The Income Tax Appellate Tribunal (ITAT), Delhi Bench has upheld the exercise of revisionary...
Direct Tax
Possession Of Gold Within These CBDT Limits: ITAT Deletes Addition on Gold Jewellery Belonging to Assessee’s Wife and Mother
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has held that ornaments belonging to...
Direct Tax
Payments Made To SIPCOT For Common Infrastructure Can’t Be Treated As Depreciable Assets: Madras HC
The Madras High Court has held that payments made to (SIPCOT) for common infrastructure...
Direct Tax
Gujarat High Court Quashes Criminal Prosecution for Late ITR Filing After Tax and Penalty Already Paid
The Gujarat High Court has quashed criminal proceedings initiated against the company and its...
Direct Tax
Bombay High Court Declares Transfer Pricing Addition ‘Non Est’ for Missing DRP Timeline; Orders Refund
The Bombay High Court has held that the Income Tax Department’s failure to give...
Direct Tax
Dept. Acted On ‘Factually Wrong’ Grounds: Bombay HC Quashes Reopening of Assessment Against Charitable Trust
The Bombay High Court has quashed the Income Tax Department’s move to reopen the...
Direct Tax
Bombay High Court Quashes Income Tax Reassessment Against A Company Converted Into LLP
The Bombay High Court has quashed a reassessment notice and subsequent assessment order issued...
Direct Tax
Income Tax Assessment Doesn’t Bar Separate Benami Proceedings: Kerala High Court
The Kerala High Court has dismissed a writ petition filed by two assessees challenging...
Direct Tax
S. 14A Disallowance: ITAT Rules Against Improper Satisfaction by AO in Aishwarya Rai Bachchan’s Case
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench has dismissed the department’s appeal against...
Direct Tax
Gift From Brother-in-Law is Exempted U/s 56 Of Income Tax Act: ITAT
The Kolkata Bench of Income Tax Appellate Tribunal (ITAT) has held that a gift...
Latest articles
Company & PMLA
Jewellery Sale Proceeds Not Exempt From Bankruptcy Estate; ₹19.17 Lakh Must Be Returned: NCLAT
The National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi, has held that...
Direct Tax
Income Tax Demand Can Be Stayed Without 20% Deposit Where Reopening Faces Limitation Challenge: Bombay HC
The Bombay High Court has granted an unconditional stay on an income tax demand...
GST
Multiple GST Proceedings Over Same Suppliers: Calcutta HC Directs Dept. To Share Findings For Adjudication
The Calcutta High Court has directed coordination between investigating GST authorities and the Directorate...
GST
Audit Detection Alone Can’t Justify GST Fraud Penalty; Specific Suppression Must Be Proved: GSTAT
The Goods and Services Tax Appellate Tribunal (GSTAT), Thiruvananthapuram, has set aside a penalty...