Direct Tax - Page 6
Delhi High Court Quashes 2nd Reassessment Notice Issued Beyond 4 Years
The Delhi High Court has quashed the 2nd Assessment Notice which was issued beyond 4 years i.e. beyond the limitation...

Supreme Court Order On AY 2015-16 Post Rajeev Bansal Case
The Supreme Court comprising Justice B.V. Nagarathna and Justice Prasanna B. Varale has dismissed a Special Leave...

ITR-2 Filing Process 2025-26
Filing your Income Tax Return (ITR) is a crucial annual responsibility for taxpayers in India. For the Assessment Year...

Rs 37.87 Cr Tax Notice to Sirsa Barber: Loan App Linked to PAN Fraud
In a shocking case of suspected financial fraud, a barber from Sirsa has received a staggering ₹37.87 crore income tax...

TDS Rate Chart for FY 2025-26 AY 2026-27
Tax Deducted at Source (TDS) is a mechanism implemented by the Indian government to collect taxes at the source of...

NRI Remittance Tax at Mere 5% Could Yield $10 Billion Annually
In a bold policy proposition that's bound to ignite debate, economists and policymakers are examining the potential of a...

ESOP Valuation By Merchant Banker Under Income Tax Act Can’t Be...
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that (ESOP) valuation by merchant bankers under income...

Bombay High Court Raps ITAT For Casual Approach; Holds Entire Bogus...
The Bombay High Court has rapped Income Tax Appellate Tribunal (ITAT) for a casual approach and held that entire bogus...

Rajasthan High Court Upholds Validity of Section 153C Proceedings...
The Rajasthan High Court has upheld the validity of search assessment proceedings under section 153C of the Income Tax...

PAN Card Fraud in UP: Poor Farmer Slapped With Rs. 30 Crore Income Tax...
In a stunning development, a poor farmer from Mathura has received an Income Tax notice of Rs 30 crore, revealing a...

Direct Tax Weekly Flashback: 30 March To 5 April 2025
The Direct Tax Weekly Flashback for the period from 30 March To 5 April 2025. Table of ContentsDelhi High CourtDelhi...

RTI Data Shows 5.4 Lakh Appeals Still Pending Before CIT(A)
In response to an RTI application (CBODT/R/E/25/00800), the Central Board of Direct Taxes (CBDT) has revealed detailed...
