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ITAT Imposes Cost Of Rs. 500 On Assessee Citing Unexplained Delay In Filing Income Tax Appeal

The Banglore Bench of Income Tax Appellate Tribunal (ITAT) has imposed the cost of...

Income Tax Dept. Mistakes ‘Interest’ For ‘Instrument’: ITAT Deletes ₹2.45 Lakh Addition 

The Bangalore Bench of Income Tax Appellate Tribunal (ITAT) deleted addition of Rs. 2.45...

Barcode-Backed Tax Invoice Wrongly Dubbed Bogus By AO: ITAT

The Bangalore bench of Income Tax Appellate Tribunal (ITAT) has held that the Assessing...

Income Tax Department Now Seeking Household Expense Details Under Section 142(1): New Era of Litigation?

The Income Tax Department has taken a stricter stance on verifying taxpayers' household expenditures,...

CBDT Issues Fresh Guidelines On Risk Management Strategy Implementation

In a significant update, the Central Board of Direct Taxes (CBDT) has released a...

CBDT Notifies Income-Tax (Fifth Amendment) Rules, 2025: Key Changes For Business and Securitisation Trusts

The Central Board of Direct Taxes (CBDT) has introduced the Income-tax (Fifth Amendment) Rules,...

Filing Of Bogus Certificates And Notices: Andhra Pradesh High Court Uphold Rejection Of Application Under SVLDRS

The Andhra Pradesh High Court has upheld the decision of the Designated Committee under...

Delhi High Court Rejects Husband’s Plea For Tax Probe Into Wife’s Family After Rs. 2 Crore Dowry Demand Allegation

The Delhi High Court has rejected the husband’s plea for tax probe into wife’s...

Income Tax Dept. Can’t Proceed Against LRs If Statutorily Prescribed Time Limit Expired As Against Deceased: Karnataka High Court 

The Karnataka High Court has held that if the statutorily prescribed time limit has...

Cash Deposit Limit In Saving Account As Per Income Tax Act – 2025 Updates

In India, the Income Tax Act governs various financial transactions, including cash deposits in...

Direct Tax Weekly Flashback: 16 to 22 February 2025 

Direct Tax Weekly Flashback for the period 16 to 22 February 2025.Delhi High CourtAssurances...

This Is Why Bombay High Court Quashes Income Tax Reassessment Against Indusind Media 

The Bombay High Court has quashed the  income tax reassessment against Indusind Media.The bench of...

Latest articles

Delhi Court Acquits Former WFI Chief Brij Bhushan Sharan Singh in Women Wrestlers’ Sexual Harassment Case

Delhi court has acquitted former Wrestling Federation of India (WFI) president and former BJP...

Dept. Can’t Allege Suppression After Earlier Audit on Same Issue: CESTAT Quashes Excise Demand on Limitation

The Allahabad Bench of the Customs, Excise & Service Tax Appellate Tribunal (CESTAT) has...

Unadjudicated EPF Interest and Damages Claims Can’t Survive CIRP: Supreme Court Upholds Resolution Plan

The Supreme Court has held that claims towards interest under Section 7Q and damages...

S. 54F Exemption Can’t Be Denied Merely Because Sale Deed Was Executed Later Due to Project Delays: ITAT

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that an...