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Direct Tax
Income Tax Reassessment Can’t Revisit Issues Examined During Scrutiny Merely Because Original Order Is Silent: Bombay High Court
The Bombay High Court has quashed reassessment proceedings initiated against a taxpayer for Assessment...
Direct Tax
Wrong Sanction U/s 151 Invalidates Reassessment: ITAT
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has quashed reassessment proceedings...
Direct Tax
ITAT Remands Rs. 3.56 Crore S. 68 Addition as AO Failed to Verify Higher Opening Loan Balance and Debit Transactions
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has remanded a ₹3.56...
Direct Tax
Mere Unverified Excel Sheets Recovered During Income Tax Search Can’t Justify Additions: ITAT
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that income...
Direct Tax
Rs. 1,663 Crore SBI Pension Provision Is Allowable: ITAT
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has allowed State Bank...
Direct Tax
Minor’s Interest Income Clubbed in Father’s Hands Can’t Attract S. 270A Penalty When Returned and Assessed Income Are Same: ITAT
The Delhi Bench of the Income Tax Appellate Tribunal has deleted a penalty of...
Direct Tax
Capital Gains From Redevelopment Can’t Be Taxed in Housing Society’s Hands: ITAT
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has deleted a ₹18.40...
Direct Tax
Bhayander CA, Two Others Booked Over Alleged Illegal Overseas Remittances of ₹495.30 Crore
Bhayander Police have registered a First Information Report (FIR) against a chartered accountant and...
Direct Tax
2 Income Tax Officials Arrested Over Alleged Fake Raid and ₹1 Crore Extortion Bid at Mumbai Businessman’s Office
Mumbai Police have arrested two Income Tax Department officials for their alleged involvement in...
Direct Tax
Entire Gross Receipts Can’t Be Taxed by Ignoring Expenditure: ITAT Directs Reconsideration of Educational Trust’s Appeal
The Pune Bench of the Income Tax Appellate Tribunal (ITAT) has held that the...
Direct Tax
S. 147A Validating JAO-Issued Income Tax Reassessment Notices Struck Down: P&H High Court [Read Order]
The Punjab and Haryana High Court has struck down Section 147A of the Income...
Direct Tax
Jurisdictional Officer Can’t Issue Reassessment Notice Where NFAC Has Exclusive Authority: Punjab & Haryana High Court
The Punjab and Haryana High Court has disposed of a taxpayer’s challenge to reassessment...
Latest articles
GST
GSTN Introduces Auto-Population Facility for Additional GST Registrations Under Same PAN
The Goods and Services Tax Network (GSTN) has introduced a new auto-population facility to...
GST
CGST Dept. Can’t Start Parallel Proceedings After State Officer Acts on Same Matter: Karnataka High Court
The Karnataka High Court has ruled that the Central GST authorities cannot initiate parallel...
Indirect Taxes
Customs Refund Can’t Be Adjusted Against Disputed Demand That Has Not Attained Finality: CESTAT
The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Mumbai, has directed the Customs...
Direct Tax
Income Tax Reassessment Can’t Revisit Issues Examined During Scrutiny Merely Because Original Order Is Silent: Bombay High Court
The Bombay High Court has quashed reassessment proceedings initiated against a taxpayer for Assessment...