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Income Tax Dept. Can’t Reject LTCL of One Co-Owner After Accepting Identical Claim of Another: ITAT

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

Supreme Court Resolves Reassessment Jurisdiction Dispute: Clarifies Role of Jurisdictional and Faceless Assessing Officers Under Income Tax Law

The Supreme Court has settled the long-standing controversy over whether reassessment notices and orders...

Advisory Services Without Transfer of Technical Knowledge Not Taxable as FTS Under India-UAE DTAA: ITAT

The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) has held that payments...

Income Tax Dept. Drops S. 272A(1)(d) Penalty Citing Genuine Medical Reasons

The Income Tax Department has dropped penalty proceedings initiated under Section 272A(1)(d), holding that...

Entire Bogus Purchase Addition Unsustainable When Sales Are Accepted; ITAT Restricts Addition to 8% Profit Element

The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has ruled that where...

Belated Retraction of Admission Not Valid | Karnataka High Court Upholds Rs. 1.5 Crore Addition Based on Search Statement

The Karnataka High Court has reaffirmed the evidentiary value of statements recorded during income...

Can an Acquired Workforce Be Treated as a Depreciable Asset? ITAT

A recent ruling of the Income Tax Appellate Tribunal (ITAT), Delhi Bench has reignited...

Google AdWords Payments Are Advertising Contracts, Not Technical Services; No Higher TDS U/s 194J: ITAT

The Hyderabad Bench of the Income Tax Appellate Tribunal (ITAT) has held that payments...

‘Dumb Document’ Alone Can’t Justify ₹2.36 Crore On-Money Addition: ITAT

The Hyderabad Bench of the Income Tax Appellate Tribunal (ITAT) has dismissed the Revenue’s...

Latest articles

Centre Enforces Jan Vishwas Amendments to Tea Act from June 24; Minor Compliance Violations Decriminalised

The Central Government has notified June 24, 2026, as the date from which the...

Centre Extends Tenure of SAT Technical Member Meera Swarup Till September 8, 2026

The Central Government has extended the tenure of Ms. Meera Swarup, Technical Member of...

Madras High Court Rules GST Show Cause Notices Must Disclose Grounds for Invoking Extended Limitation

The Madras High Court has held that show cause notices issued under Section 74...

Center Approves University of Hyderabad for Scientific Research; Grants 5-Year Income Tax Exemptions on Donations

The Central Government has officially approved the University of Hyderabad (UoH) as an eligible...