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Direct Tax
Capital Addition Can’t Be Taxed on Assumptions in Reassessment: Allahabad HC
The Allahabad High Court has upheld the deletion of a ₹2.73 crore addition made...
Direct Tax
Rs. 1.88 Crore Tax Addition Falls As Scrutiny Notice Was Issued By Officer Without Jurisdiction: ITAT
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has quashed an assessment...
Direct Tax
Gifted Shares Retain Donor’s Holding Period, But Indexation on Taxed Value Starts From Gift Year: ITAT
The Income Tax Appellate Tribunal (ITAT), Chennai, has held that the previous owner’s holding...
Direct Tax
Unexplained Cash Transactions Can’t Be Taxed At Ad Hoc 8% Without Legal Basis: Delhi HC
The Delhi High Court has set aside an Income Tax Appellate Tribunal (ITAT) direction...
Direct Tax
Share Loss Set-Off Against Slump Sale Gains Can’t Alone Trigger GAAR: Telangana High Court
The Telangana High Court has set aside directions invoking the General Anti-Avoidance Rules (GAAR)...
Direct Tax
High School Fees And Surplus Alone Can’t Justify Denial Of Charitable Tax Registration: ITAT
The Income Tax Appellate Tribunal (ITAT), Hyderabad, has held that charging substantial school fees...
Direct Tax
Married Daughters Can Keep Jewellery at Parental Home: ITAT Deletes Additions
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has deleted additions totalling...
Direct Tax
Deduction For Expenses Disallowed Over TDS Default Can Be Claimed After Tax Payment Despite Omission In Return: ITAT
The Income Tax Appellate Tribunal (ITAT), Rajkot Bench, has allowed a deduction of ₹10,48,139...
Direct Tax
Cross-Objections Maintainable In Income Tax Appeals U/s 260A, Subject To Substantial Question Of Law: Calcutta HC
The Calcutta High Court has held that a respondent can file cross-objections in an...
Direct Tax
Director Can’t Personally Challenge Income Tax Search Against Company Without Showing He Is Affected Person: Karnataka HC
The Karnataka High Court has declined to entertain an additional director’s personal challenge to...
Direct Tax
Taxpayer’s Missed Cross-Examination Can’t Be Held Against Him After Fresh Opportunity Is Granted; Rs. 1 Crore Addition Sent Back For Reassessment: Delhi HC
The Delhi High Court has set aside an income tax assessment order involving a...
Direct Tax
Income Tax Penalty Proceedings Must Remain in Abeyance While Assessment Appeal Is Pending Before ITAT: Delhi HC
The Delhi High Court has held that penalty proceedings must be kept in abeyance...
Latest articles
GST
Missing Seized Records Must Be Considered While Testing ITC Claim; Duplicate GST Demands Ordered Corrected: Delhi HC
The Delhi High Court has held that the tax department’s inability to furnish seized...
Direct Tax
Capital Addition Can’t Be Taxed on Assumptions in Reassessment: Allahabad HC
The Allahabad High Court has upheld the deletion of a ₹2.73 crore addition made...
GST
GST Appeal Can’t Be Rejected Without Addressing Taxpayer’s Grounds: Allahabad HC
The Allahabad High Court has set aside an appellate order concerning cancellation of GST...
GST
GST Summons: Anticipatory Bail Maintainable Without Arrest Order, But Relief Denied In Evasion Case: Allahabad HC
The Allahabad High Court has held that the absence of a formal arrest order...