Keep exploring
Direct Tax
Can Foreign Assets Be Assessed for AY 2018–19 When the First Black Money Act Notice Was Issued in FY 2018–19? Karnataka High Court Says...
The Karnataka High Court has quashed an assessment concerning two properties in Morocco after...
Direct Tax
Information On Income Tax Dept’s Insight Portal Could Not Justify Reopening: Gujarat High Court
The Gujarat High Court held that information on the Income Tax Department’s Insight portal...
Direct Tax
Surgical Tools Used in Spinal Operations Fall Under Customs Heading 9018, Not Orthopaedic Appliances Heading 9021: CESTAT
The Chennai Bench upheld the reclassification of imported surgical instruments and rejected the importer’s...
Direct Tax
Shares Received Against Accrued Interest on Debentures Are Taxable Even Without Cash Payment: Madras High Court
The Madras High Court has upheld the revision of a reassessment order that left...
Direct Tax
Retrospective Income Tax Amendment Can’t Be Used to Recall Earlier Tribunal Order: ITAT
The Hyderabad Bench of the Income Tax Appellate Tribunal (ITAT) has held that the...
Direct Tax
Can Unreceived Flats and Payments Under Development Agreement Be Taxed as Capital Gains? Punjab and Haryana High Court
The Punjab and Haryana High Court has disposed of an income tax appeal concerning...
Direct Tax
Income Tax Dept. Can’t Revise Refund Intimation Without Adjustments U/S 263: Karnataka High Court
The Karnataka High Court has set aside an Income Tax Department notice seeking to...
Direct Tax
No Coercive Recovery of Rs. 29.24 Crore Until Stay Plea Is Decided: Patna High Court in Income Tax Dispute
The Patna High Court has directed that no coercive action be taken against a...
Direct Tax
ATMs Qualify as Computers for Higher Depreciation, but Foreign Bank Can’t Claim Domestic Tax Rate: Calcutta High Court
The Calcutta High Court has held that automated teller machines (ATMs) qualify as computers...
Direct Tax
Income Tax Refund Claim Can’t Be Rejected Without Examining Genuine Hardship: Punjab and Haryana High Court
The Punjab and Haryana High Court has set aside an order refusing to condone...
Direct Tax
441-Day Delay in Income Tax Appeal Can’t Be Excused on Unproven Claim of Counsel’s Illness: P&H High Court
The Punjab and Haryana High Court has upheld the rejection of an income tax...
Direct Tax
Can Income Tax Dept. Retain Seized Cash Beyond 120 Days? Gujarat High Court Refers Rs. 5.68 Crore Dispute to Larger Bench
The Gujarat High Court has referred three questions concerning the release of cash seized...
Latest articles
Indirect Taxes
CENVAT Credit Eligibility Bars Extended Limitation, But Doesn’t Wipe Out Reverse Charge Service Tax Liability: CESTAT
The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), New Delhi, has held that...
Indirect Taxes
Offshore Services Claim Needs Evidence; Service Tax Paid by ONGC Must Be Verified: CESTAT
The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), New Delhi, has directed fresh...
Direct Tax
Share Valuation Can’t Be Rejected Without Expert Opinion Merely Because Projections Differ From Actual Results: ITAT
The Income Tax Appellate Tribunal (ITAT), Mumbai, has deleted a share premium addition under...
Company & PMLA
ED Arrests Advocate Over Alleged Bribes to Unfreeze Accounts in Rs. 28,000 Crore Cyber Fraud Network Probe
The Enforcement Directorate (ED) has arrested an advocate for allegedly helping a nationwide cyber...