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Direct Tax
Agricultural Land Not ‘Capital Asset’, No Basis to Treat Sale As Capital Gains: ITAT
The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has set aside revisionary proceedings initiated...
Direct Tax
No Addition Due to PAN Linkage—Cash Deposits in Trust’s Bank Account Can’t Be Taxed in Individual’s Hands Without Proof of Ownership: ITAT
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has held that mere...
Direct Tax
No Basis to Doubt Loan Once Identity, Creditworthiness & Genuineness Established: ITAT Upholds Deletion of Rs. 2 Cr Addition
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has dismissed the Revenue’s...
Direct Tax
No Material Collected During Search or Post-Search Enquiries, Revealing Any Actual Commission Income from Alleged Accommodation Entries: ITAT
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has quashed reassessment proceedings...
Direct Tax
Supreme Court Sends JAO vs Faceless Reassessment Dispute Back to High Courts; Validity of Retrospective Law Still Open
The Supreme Court has set aside multiple High Court judgments that had quashed reassessment...
Direct Tax
Income Tax Disclosures in Election Affidavit Can’t Be Examined via Writ: Madras High Court
The Madras High Court has dismissed a writ petition seeking verification of a candidate’s...
Direct Tax
S. 80HHC Deduction Can’t Be Reduced by Prior S. 80IA Deduction: Madras High Court
The Madras High Court has held that deduction under Section 80HHC cannot be computed...
Direct Tax
Once Income Tax Non-Payment Are Established, Mens Rea Presumed; Quash Plea Under Section 482 CrPC/528 BNSS Not Maintainable: Madras High Court
The Madras High Court has held that once tax liability and non-payment are established,...
Direct Tax
Allahabad High Court Dismisses Writ Petition Challenging Income Tax Reassessment Citing Alternative Remedy
The Allahabad High Court has dismissed a writ petition challenging an assessment order passed...
Direct Tax
NFAC | Bombay High Court Quashes Rs. 70.85 Crore Income Tax Demand for Breach of Natural Justice
The Bombay High Court has quashed an income tax assessment order passed against Wrode...
Direct Tax
Bombay High Court Quashes Reassessment Proceedings Citing Approval by Incompetent Authority
The Bombay High Court has set aside reassessment proceedings initiated against Skypak Travels Private...
Direct Tax
Income of Foreign Company Can’t Be Taxed in Hands of Shareholders: Delhi High Court
The Delhi High Court has held that income earned by a foreign company cannot...
Latest articles
GST
FIR Against Advocate For Filing GST Appeal Using Input Tax Credit As Pre-Deposit Quashed: Allahabad High Court
The Allahabad High Court has quashed criminal proceedings initiated against an Advocate Samarpan Jain...
Direct Tax
Mere Absence Of Complete Vouchers Can’t Justify S. 145(3) Addition: ITAT Deletes Ad-Hoc Disallowance On Transportation Expenses
The Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) has held that ad-hoc...
Direct Tax
Multiplex Lease Income Taxable as Business Income, Not House Property Income: ITAT
The Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) has held that income...
Direct Tax
Capital Gains Taxability Must Follow Actual Date Of Property Transfer, Not Mere Sale Deed Registration Date: ITAT
The Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) has held that capital...