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Direct Tax
Recovery Of ₹66.46 Lakh Tax Demand Stayed Subject To ₹14 Lakh Deposit: ITAT
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has granted conditional relief...
Direct Tax
Political Donation Deduction Disallowance Does Not Automatically Establish Misreporting: CIT(A)
The Commissioner of Income Tax (Appeals), through the National Faceless Appeal Centre (NFAC), has...
Direct Tax
Interest Rate on Delayed Foreign-Currency Receivables Is Question of Fact: Karnataka HC
The Karnataka High Court has dismissed the Income Tax Department’s appeal against a tribunal...
Direct Tax
Electricity Subsidy Reducing Manufacturing Costs Is Taxable Revenue Receipt: Supreme Court
The Supreme Court has held that an electricity subsidy granted to reduce power costs...
Direct Tax
Less Than 3 Days To Reply, Emailed Documents Ignored: Rajasthan HC Quashes Income Tax Assessment With Over ₹6.9 Crore Addition
The Rajasthan High Court has set aside a faceless income tax assessment order involving...
Direct Tax
Hearing Is Mandatory, Not a Formality: ITAT Quashes Ex Parte Tax Appeal Orders Over Unproven Service of Notices
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has set aside two...
Direct Tax
No Concealment Penalty For Debatable Transfer Pricing Adjustments In ₹44.06 Crore Dispute: ITAT
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has upheld the deletion...
Direct Tax
Rs. 497.74 Crore Offshore Capital Gains Not Taxable In India; Domestic Indirect Transfer Rules Can’t Expand Treaty Rights: ITAT
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has held that capital...
Direct Tax
Income Tax Addition Can’t Rest On Uncorroborated Papers And Retracted Statement: Calcutta High Court
The Calcutta High Court has upheld the deletion of a ₹11.35 crore addition under...
Direct Tax
Reassessment Scrutiny Can’t Begin Before Taxpayer’s Objections Are Decided: Bombay HC Quashes Premature Notices
The Bombay High Court has held that an Assessing Officer cannot issue scrutiny notices...
Direct Tax
Commercial Property Can’t Bar ₹2.63 Crore Capital Gains Exemption: ITAT
The Income Tax Appellate Tribunal (ITAT), Chandigarh, has held that a commercial property cannot...
Direct Tax
Political Donation Deduction Can’t Be Denied For Missing Party Confirmation: CIT(A)
The Commissioner of Income Tax (Appeals), through the National Faceless Appeal Centre (NFAC), has...
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Supreme Court
₹15 Crore Deposit Required To Continue Stay On Land Compensation Recovery: Supreme Court
The Supreme Court has directed JK Paper Ltd to deposit an additional ₹15 crore...
Live Updates
57th GST Council Meeting LIVE
The 57th GST Council meeting is underway in New Delhi, with proposals covering GST...
Supreme Court
Teacher’s Pre-NCTE Training Certificate Does Not Override Eligibility Rules Applicable At Appointment: Supreme Court
The Supreme Court has set aside an order directing the reinstatement of a Bihar...
Supreme Court
Attempt To Murder Charge Can’t Be Dropped Merely Because Injuries Are On Non-Vital Body Parts: Supreme Court
The Supreme Court has ruled that an attempt to murder charge cannot be discarded...