Direct Tax - Page 2
200% Penalty for False Deduction Claims; Govt. Tightens ITR Norms to...
Government shall Impose 200% Penalty of the tax due, 24% interest per annum, and even prosecution under Section 276C of...

Disproportionate Assets case: Court Orders Attachment Of 14 Properties...
The Special Judge, Anti Corruption, CBI Court, Ghaziabad has issued ad interim order on 02.06.2025 for attachment of 14...

Income Tax Compliance Calendar – June 2025
Use this calendar as a reference to manage your tax filings and avoid missing critical deadlines. ...

Open Terrace/Portico Excluded From Built-Up Area Computation; Real...
The Telangana High Court has held that the real estate developer is entitled to deduction under Section 80-IB of the...

La Pino'z Pizza’s Owner Complaint: IRS Officer Arrested by CBI in Rs...
The Central Bureau of Investigation (CBI) has arrested Anil Kumar Singal, a 2017-batch Indian Revenue Service (IRS)...

Amazon Web Not Liable To Pay Royalty On Rendering Cloud Computing...
The Delhi High Court has held that the Amazon Web is not liable to pay Royalty on rendering cloud computing services to...

Creditworthiness Of Lender Can Be Challenged Under Income Tax Act And...
The Allahabad High Court has stayed the benami proceedings and was of the prima facie view that Creditworthiness Of...

Income Tax Reassessment Based On Pen Drive Info Quashed: Delhi High...
The Delhi High Court quashed an income tax reassessment notice of Panch Tatva Promoters Pvt. Ltd. for the Assessment...

Non-Bailable Warrant Against Arjun Rampal in 2019 Tax Evasion Case...
The Bombay High Court has set aside a non-bailable warrant issued against Bollywood actor Arjun Rampal in connection...

Start-Ups Can Avail Tax Incentives Using This Provision Of Income Tax
India's startup ecosystem has seen exponential growth over the past decade. Recognizing the sector’s potential to boost...

Bogus Capital Gain Benefit: Calcutta High Court Upholds Reassessment
The Calcutta High Court has upheld the reassessment against the assessee who was beneficiary who received accommodation...

Time Exclusion For Reassessment Applicable Only if Reference Made...
The Delhi High Court has held that that time exclusion for reassessment applicable only if reference made under...
