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No Income Earned On Funds Remitted In India Used For Subscription In Securities, Delhi High Court Quashes Reassessment Order

The Delhi High Court has quashed the reassessment order on the grounds that no...

Income Tax Addition Can Be Made Only On Proper Proof Of Bogus Purchases: Bombay High Court

The Bombay High Court has ruled that the income tax addition could be made...

New TDS Section 194T: 10% TDS Applicable On TDS On Salary, Remuneration, Interest, Bonus Or Commission Of Partners

As of right now, the partnership business is not allowed to deduct tax at...

ITAT Quashes Income Tax Reassessment Against Hyundai For Being Time Barred

The Income Tax Appellate Tribunal, Chennai, quashed the income tax reassessment against Hyundai for...

ONUS ON ASSESSEE TO PROVE IDENTITY OF CREDITORS AND THEIR CAPACITY TO ADVANCE MONEY GENUINENESS OF TRANSACTION: CHHATTISGARH HIGH COURT

Author: Khushi J PrajapatiThe Chhattisgarh High Court ruled that the burden of proof rests...

CBDT Not Empowered Extending Cut-Off Date To Make Section 245C Application: Bombay High Court

The Bombay High Court ruled that CBDT is not empowered for extending the cut-off...

Himachal Pradesh High Court Stays Income Tax Reassessment Notice Not Issued In Faceless Manner

The Himachal Pradesh High Court stayed the Income Tax reassessment notice not issued in...

Income Tax Reassessment Can’t Be Based On Allegations Of Delayed Digital Filling Of Form 10: Delhi High Court

Author: Khushi J. PrajapatiThe Delhi High Court held that income tax reassessment proceedings cannot...

Income Tax Reassessment Can Be Initiated On Financial Transactions Liable To Be Taxed Having Escaped Assessment & Not Otherwise: Delhi High Court

Author: Khushi J. PrajapatiThe Delhi High Court held that income tax reassessment can only...

Income Derived From Transfer Of Capital Asset Was Not Taxable Within Provisions Of Section 9(1)(I)(A) Of Income Tax Act: ITAT

Khushi J. PrajapatiThe Income Tax Appellate Tribunal (ITAT), Delhi held that the income derived...

SETTLEMENT CONSIDERATION TO EX-EMPLOYEE FOR RELINQUISHING RIGHTS TO EQUITY SHARES BE TAXED UNDER CAPITAL GAINS: DELHI HIGH COURT

Author: Khushi J PrajapatiThe Delhi High Court ruled that the settlement consideration received by...

Latest articles

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...

Punjab & Haryana High Court Upholds GST Demand U/s 74 for Fraudulent ITC Claimed Through Cancelled Dealers

The Punjab and Haryana High Court has dismissed a writ petition filed by Ludhiana-based...

JURISHOUR | TAX LAW DAILY BULLETIN : 27 May, 2026

Here’s the Tax Law Daily Bulletin for May 27, 2026.GST28% GST ON ONLINE GAMING,...

Supreme Court Acquits KSRTC Driver, Says Following Conductor’s Signal Cannot Amount to Criminal Negligence

The Supreme Court has acquitted a Karnataka State Road Transport Corporation (KSRTC) bus driver...