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Delhi High Court Quashes Rs. 96 Crore Reassessment Citing ‘Change of Opinion’, Limitation Bar

The Delhi High Court has set aside reassessment proceedings and a Rs. 96.04 crore...

Limitation Issue in Search-Related Cases: Calcutta High Court Stays Reassessment Notices

The Calcutta High Court has stayed reassessment proceedings initiated by the Income Tax Department,...

Nominee Director Not Immune from Prosecution in TDS Default Cases; Trial Necessary to Determine Liability: Madhya Pradesh High Court

The Madhya Pradesh High Court has held that a nominee director cannot claim blanket...

Income Tax Exemption On Compensation Received By BSNL Employees Under its 2019 VRS 

The Income Tax Appellate Tribunal (ITAT), Pune Bench has held that compensation received by...

Assessment Can Proceed Except on Issues Pending For Advance Ruling: Delhi High Court

The Delhi High Court has held that income tax assessment proceedings need not be...

CBI Can’t Bypass Crucial Evidence”: Court Warns Against Misclassifying Exculpatory Material in CCTV Alibi

A Special Court in Delhi has underscored the critical duty of investigating agencies, including...

Reassessment Quashed | Time-Barred S. 143(2) Notice Invalidates Jurisdiction; S. 292BB Can’t Cure Defect: ITAT

The Income Tax Appellate Tribunal (ITAT), Visakhapatnam Bench has held that the reassessment proceedings...

Borrowed Evidence From ED Not Enough for S. 153A Additions: ITAT

The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has held that additions under Section...

Govt. Subsidies Not Directly Attributable To Acquisition Of Specific Capital Assets, Taxable As Income: ITAT

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

No Addition on Alleged Bogus Purchases Without Evidence: ITAT

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has held that no...

Tax-Practising Community Trusts Can’t Be Denied Registration for Lack of ‘Irrevocability Clause’ Under Income-tax Act: Bombay HC

The Bombay High Court has held that charitable trusts of tax-practising communities cannot be...

Latest articles

Supreme Court Quashes FEMA Adjudication Orders, Revives Proceedings at Show Cause Stage

The Supreme Court has quashed the  Foreign Exchange Management Act (FEMA) adjudication orders and...

Whether Entry-Level Grade Pay Can Be Used to Deny NFU After 4 Years in Level 8: Supreme Court Says No

The Supreme Court has dismissed the Union of India’s appeal and upheld the entitlement...

Supreme Court Cancels Bail of Realty Director for Failure to Settle Homebuyer Claims and Violation of Bail Conditions

The Supreme Court has cancelled the bail granted to realty developer Satinder Singh Bhasin,...

SCN Must Clearly Indicate Intent to Blacklist: Supreme Court Quashes 5-Year Debarment, Upholds Contract Termination

The Supreme Court has held that blacklisting of contractors cannot be imposed mechanically without...