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Direct Tax
Income Tax Notice To Specify Penalty Is Against Concealment Of Income Or Furnishing Inaccurate Particulars Of Income: Jammu & Kashmir And Ladakh High Court
The Jammu & Kashmir And Ladakh High Court has held that notice under section...
Direct Tax
Residence Country Can’t Deny Credit On Taxes Levied By Source Country: Mumbai ITAT Grants DTAA Benefit To Amarchand Mangaldas
The Mumbai Bench of Income Tax Appellate Tribunal (CESTAT) while granting the (Double Taxation...
Direct Tax
Delhi High Court Upholds JAO’s Authority To Issue Notice Under Faceless Assessment Scheme
The Delhi High Court has upheld that authority of the Jurisdictional Assessing Officer (JAO)...
Direct Tax
Delhi High Court Quashed Reassessment Notice Beyond 10 Years Block Period
The Delhi High Court has quashed the reassessment notice citing it to be beyond...
Direct Tax
New Monetary Limits For Waiver Of Interest By Income Tax Authority: CBDT
The Central Board of Direct Taxes (CBDT) has notified the new Monetary Limits for...
Direct Tax
Disciplinary Action Against CIT(A) Can’t Be Initiated For Deleting Rs.120.55 Crore Income Tax Addition In Hasty Manner: Gauhati High Court
The Gauhati High Court has held that disciplinary action against CIT (A) could not...
Direct Tax
Excise Duty Exemption Is A Capital Receipt, Not Taxable Under Income Tax Act: Jammu & Kashmir And Ladakh High Court
The Jammu & Kashmir And Ladakh High Court has held that excise duty exemption...
Direct Tax
Family Settlement Not Required To Be Registered For Computing Capital Gains: Punjab & Haryana High Court
The Punjab & Haryana High Court has held that family settlement is not required...
Direct Tax
Bombay High Court Condones Delay In Filing ITR By A Doctor On Covid Duty
The Bombay High Court has condoned the delay in filing ITR (Income Tax Return)...
Direct Tax
AO To Spell Out Reasons As To What Was To Be Disclosed Before Initiating Reassessment Under Section 147 : Delhi High Court
The Delhi High Court has held that the (Assessing Officer) AO to spell out...
Direct Tax
TDS Is Deductible On Salaries Of Nuns And Priests Working In Aided Schools: Supreme Court
The Supreme Court while upholding the decision of Madras High Court has held that...
Direct Tax
Assessment Can’t Be Reopened Merely On The Basis Of Information By Investigation Wing : ITAT
The Delhi bench of Income Tax Appellate Tribunal (ITAT) has held that assessment cannot...
Latest articles
Indirect Taxes
IGST Demand Unsustainable Without Classification Dispute; Extended Limitation Not Invocable: CESTAT
The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Kolkata Bench has set aside...
Indirect Taxes
Customs Dept. Can’t File Appeal Below Rs. 50 Lakh Limit—Penalty Amount Matters, Not Value of Seized Goods: CESTAT
The Chennai Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has...
Notification
GST Portal Allows Re-Compute of Interest in GSTR-3B After Glitch in Auto-Calculation
In a significant development for taxpayers, the GST Network (GSTN) has issued an advisory...
Notification
DGFT Updates List of Banks Authorized to Import Gold and Silver Till 2029
The Directorate General of Foreign Trade (DGFT) has updated the list of 15 banks...