Direct Tax - Page 4
Monetary Limits For Filing Income Tax Appeals By Dept. Before High...
The Chhattisgarh High court has held that the monetary limits for filing income tax appeals by the department before the...

Income Allegedly Escaped Assessment In Different AY Can’t Be...
The Delhi High Court has held that income alleged to have escaped assessment in different assessment years cannot be...

CBI arrests Dy. CIT Allegedly Involvement in Sabotaging Faceless...
The Central Bureau of Investigation (CBI) has arrested Dy. Commissioner of Income Tax for alleged Involvement in...

Delhi High Court Deletes Income Tax Addition of Rs. 42.16 Cr. Against...
The Delhi High Court has deleted the income tax addition of Rs. 42.16 Crores against NTPC Vidyut Vyapar Nigam Ltd., the...

Income Tax Dept’s Practice Of Adjusting Tax Refunds Beyond 20% Demand...
The Bombay High Court has struck down the practice of adjusting tax refunds beyond the 20% demand payment as illegal and...

Income Tax Payable Remuneration Paid To Chairperson Of Educational...
The Delhi High Court has income tax payable remuneration paid to chairperson of educational trust. The bench of...

Bombay High Court Upholds Disallowance of Interest Paid to...
The Bombay High Court has upheld disallowance of interest paid to beneficiaries, and ruled that the appellant trust was...

Amalgamated Company Can Claim Depreciation On Adjusted Written Down...
The Bombay High Court has held that amalgamated company can claim depreciation on adjusted written down value of assets...

No Income Tax On Exchange Of Old Flats In Lieu Of Old Ones: ITAT
In a major relief to flat owners, the Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has held that no income tax...

Mere Loose Papers Not Admissible Evidence For Making Income Tax...
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that loose papers cannot be considered as admissible...

Delhi High Court Quashes Reassessment Against Departmental Stores...
The Delhi High Court has quashed reassessment against departmental stores selling wine and beer. The bench of Justice...

Compensation For Compulsory Acquisition Of Landed Property Is Income...
The Kerala High Court has held that amount received as compensation for compulsory acquisition of landed property is...
