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Direct Tax
Capital Loss Under India-Ireland DTAA Can’t Be Set Off Against STCG On Sale Of Entitlement Rights: ITAT
The Mumbai bench of Income Tax Appellate Tribunal (ITAT) has held that the capital...
Direct Tax
Genuineness Of Transactions Established: ITAT Deletes Income Tax Additions On Bogus Transaction
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has deleted the income tax...
Direct Tax
Search And Seizure Case Involving Huge Unaccounted Income: Bombay High Court Refuses To Quash S. 153C Assessment Order
The Bombay High Court has refused to quash the assessment order passed under Section...
Direct Tax
Mere Suspicion Insufficient, No Evidence of Value Addition in Solar Goods by Assessee: Delhi High Court
The Delhi High Court has held that the department had failed to place on...
Direct Tax
Low Deterrence in Law Fuels Habitual Economic Offenders, Must Be Stopped: Bombay High Court
The Bombay High Court has held that the low deterrent effect of the law...
Direct Tax
Bombay High Court Asks ICAI On Action Against CAs Without COP Engaged in Misconduct
The Bombay High Court has asked the Institute of Chartered Accountants Of India (ICAI)...
Direct Tax
CBDT Issues Clarifications on Revised Compounding Guidelines Under Income Tax Act
The Central Board of Direct Taxes (CBDT) has issued a fresh set of Frequently...
Direct Tax
Boatman Earns Rs. 30 Crore During Kumbh Mela, Faces Rs. 12.8 Crore Income Tax Notice
A boatman’s family from Arail village, Prayagraj, has been issued an income tax notice...
Direct Tax
Madras High Court Upholds Income Tax Assessment Transfer From ITO Theni to DCIT Kochi For Coordinated Investigation
The Madras High Court has upheld the income tax assessment transfer from Income Tax...
Direct Tax
ESOP Issued To Employees Is Revenue Expenditure: ITAT Allows Income Tax Deduction
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) while allowing the deduction under...
Direct Tax
CBDT To Decide Delay Condonation Applications; Delegation To Additional CIT (OSD) Not Proved: Bombay High Court
The Bombay High Court has held that the Central Board of Direct Taxes (CBDT)...
Direct Tax
Income Tax Notices Issued to Deceased Person Not Binding on Legal Representatives: Bombay High Court
The Bombay High Court has held that income tax notices issued to deceased persons...
Latest articles
Indirect Taxes
CESTAT Quashes Excise Duty Demand on Poultry Cage Weld Mesh
The Chennai Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has...
Indirect Taxes
Commission Retained on Air Tickets Bought Through GSA/IATA Agents Not Taxable as Business Auxiliary Service
The Chandigarh Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has...
Indirect Taxes
CENVAT Credit Can’t Be Denied on Duty-Paid Inputs from Area-Based Exempt Units: CESTAT
The Chandigarh Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has...
GST
Ignoring Taxpayer’s Reply While Rejecting GST Refund Is Illegal: Bombay High Court
The Bombay High Court has set aside an ex-parte order rejecting a GST refund...