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AO Failed To Investigate Instances Of Funds Misappropriation; ITAT Upholds Revision Challenging Income Tax Exemption

The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) has upheld the revision challenging...

Income Tax Deduction Allowable On Expenditure Incurred On Brokerage Recovery From Builder: ITAT

The Mumbai Bench of Income Tax appellate Tribunal (ITAT) has held that income tax...

Exigibility Of Tax On Royalty Payments Is Still Pending Before Supreme Court; Madhya Pradesh High Court Permits Dept. To Proceed With SCN

The Madhya Pradesh High court, Jabalpur Bench, while hearing the writ petitions stated that...

ITAT Quick Weekly Flashback: 1 To 7 September, 2024

Failure To Disclose Closure Of Business To Income Tax Dept. Amounts To Deliberate Malicious...

Direct Tax Quick Weekly Flashback: 1 To 7 September, 2024

Supreme Court2023 Amendment In Section 80dd Of Income Tax Act Regarding ‘jeevan Aadhar’ Policies...

2023 AMENDMENT IN SECTION 80DD OF INCOME TAX ACT REGARDING ‘JEEVAN AADHAR’ POLICIES CAN’T BE MADE RETROSPECTIVELY APPLICABLE: SUPREME COURT

The Supreme Court has dismissed the writ petitions seeking retrospective effect to the 2023...

Income Tax Reassessment Proceedings Of Central Charges, International Taxation Charges To Be Held In Faceless Manner: Bombay High Court

The Bombay High Court has held that in respect of central charges and international...

PCIT To Apply Mind Before Sanctioning Income Tax Reassessment: Bombay High Court

The Bombay High Court has held that the Principal Commissioner of Income Tax (PCIT)...

Monetary Value Involved In Appeals Less Than Rs. 1 Crore: Karnataka High Court Dismisses Income Tax Dept’s Appeals 

The Karnataka High Court has dismissed the income tax appeal filed by the department...

Direct Tax Quick Weekly Flashback: 25 To 31 August 2024

Delhi High CourtAO Can Ascertain Fair Market Value Of Shares If Doubts Valuation: Delhi...

Latest articles

No GST Demand For Mere Wrong Set-Off Of IGST Credit Under CGST And SGST Heads: Kerala HC

The Kerala High Court has quashed a GST assessment order passed against a registered...

Exporter Can’t Be Denied Advance Authorization Benefit Due To ICEGATE Technical Glitch: Delhi High Court

The Delhi High Court has set aside three orders passed by the Policy Relaxation...

Criminal Prosecution Under Central Excise Act Can’t Continue After CESTAT Sets Aside Duty Demand on Merits: Punjab & Haryana High Court

The Punjab and Haryana High Court has quashed a criminal complaint and summoning order...

Punjab & Haryana High Court Refuses To Quash Drugs Act Complaint Against Hand Sanitizer Manufacturer Over “Not of Standard Quality” Allegations

The Punjab and Haryana High Court has refused to quash criminal proceedings initiated against...