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Direct Tax
Cook in Madhya Pradesh Shocked by Rs. 46 Crore Income Tax Notice
A 30-year-old dhaba cook from Bhind district has found himself at the center of...
Direct Tax
Income Tax Dept. Sets March 31, 2026 Deadline for TDS/TCS Corrections
In a critical move to enhance tax compliance, the Income Tax Department has announced...
Direct Tax
Tax Practitioners Urge Govt. to Extend Deadlines for Filing ITRs and Tax Audit Reports
The All India Federation of Tax Practitioners (AIFTP) has formally submitted a representation to...
Direct Tax
Share Premium Not Taxable, Dismisses Dept’s Rs.17.10 Crore Addition: ITAT
The Income Tax Appellate Tribunal (ITAT), Mumbai “C” Bench, dismissed two appeals filed by...
Direct Tax
Income Tax Dept. Sends SMS Alerts to Non-Filers Ahead of September 15 Deadline
The Income Tax Department has begun dispatching SMS notifications to taxpayers who have not...
Direct Tax
Wrongful Rejection of SVLDR Declaration Would Push Decade-Long Tax Litigation, Denying Dept. Immediate Recovery: Bombay High Court
The Bombay High Court has ruled that the tax department wrongly rejected a hospitality...
Direct Tax
CBSE Gets Income Tax Exemption for Five Years
The Central Board of Direct Taxes (CBDT) has granted the Central Board of Secondary...
Direct Tax
Share Of Minor Daughter Included In Sale Of Property Done With Permission Of Court, Can’t Be Clubbed With Father’s Income: ITAT
The Chennai Bench of Income Tax Appellate Tribunal (ITAT), Chennai Bench has held that...
Direct Tax
P&H High Court Permits ED to Inspect Income Tax Records in Foreign Assets Case
The Punjab and Haryana High Court on Wednesday dismissed a set of petitions challenging...
Direct Tax
Supreme Court Dismisses Income Tax Dept’s Plea Over 248-Day Delay
The Supreme Court of India has dismissed a Special Leave Petition (SLP) filed by...
Direct Tax
Capital Loss Carry Forward Allowed Even When Gains on Grandfathered Investments Are Tax-Exempt: ITAT
In a major relief for foreign investors, the Income Tax Appellate Tribunal (ITAT), Mumbai,...
Direct Tax
Income Tax Dept. Eases Black Money Act Provisions for Small Foreign Assets
The Income Tax Department has introduced significant relief for taxpayers holding small-value foreign assets,...
Latest articles
Direct Tax
Surcharge And Cess Can’t Raise Tax Above India–France Treaty Ceiling: ITAT
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that surcharge...
Direct Tax
TPO Can’t Decide Year Of Income Taxability: ITAT
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that a...
Direct Tax
S. 14A Can’t Apply To Interest Received From Own Head Office: ITAT
The Income Tax Appellate Tribunal (ITAT), Mumbai, has held that interest received by an...
Direct Tax
Can Expenses Never Claimed As Deductions Be Disallowed? ITAT Directs Fresh Examination
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has directed a fresh...