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Direct Tax
S. 153C Notice Invalid Where Deemed Search Date Falls After April 1, 2021: ITAT Quashes 7 Years’ Assessments
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has quashed assessment proceedings...
Direct Tax
±5% Transfer Pricing Range Is Not Standard Deduction; Karnataka High Court Orders Fresh ALP Determination
The Karnataka High Court has held that the tolerance range of ±5% provided under...
Direct Tax
Income Tax Prosecution for False Return Can’t Survive After ITAT Quashes Foundational Assessment: Gauhati High Court
The Gauhati High Court has quashed three criminal complaints filed under Sections 276D and...
Direct Tax
Income Tax Appeals Against Infosys, Wipro Not Maintainable Below CBDT Monetary Limit: Karnataka High Court
The Karnataka High Court has dismissed seven Income Tax Department appeals involving Infosys Technologies...
Direct Tax
Reassessment Can’t Be Used to Revisit Issues Already Examined During Scrutiny: Delhi High Court Rejects Income Tax Dept.’s Appeal Against NTPC
The Delhi High Court has upheld the annulment of reassessment proceedings initiated against NTPC...
Direct Tax
Reassessment Notice Issued to Dead Taxpayer Invalid: ITAT Quashes Rs. 8.71 Crore Capital Gains Addition
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has ruled that a...
Direct Tax
17-Month Delay in Recording Satisfaction Note Invalidates S. 153C Assessments: ITAT
The Income Tax Appellate Tribunal (ITAT), Surat Bench, has quashed four assessment orders passed...
Direct Tax
S. 148 Notices Based on Pre-March 4 Investigation Report Violate CBDT Instructions: ITAT Quashes Reassessments for 3 Years
The Income Tax Appellate Tribunal (ITAT), Ranchi Bench, has quashed reassessment notices issued for...
Direct Tax
CA’s Report Valid for Valuing Unquoted Preference Shares: Madras High Court
The Madras High Court has held that a valuation report issued by a chartered...
Direct Tax
Deposit Rs. 5K In PM Relief Fund And The ITA Filing Delay Will Be Condoned: ITAT
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has condoned a delay...
Direct Tax
Income Above Rs. 15 Lakh in Mofussil Areas Falls Under ACIT/DCIT And Not ITO’s Jurisdiction: ITAT Quashes Reassessment
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has quashed a reassessment...
Direct Tax
Income Tax Dept. Can’t Use Advocate’s Cloned Digital Data Against Unsearched Clients: Allahabad High Court [READ ORDER]
The Allahabad High Court has directed the Income Tax Department to segregate and delete...
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...