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Depreciation Allowable on Entire IPL Franchise Cost, Not Merely Annual Installment: ITAT

The Mumbai Bench of the Income Tax Appellate Tribunal has held that depreciation on...
Direct Tax

Income Tax Portal Introduces Dedicated Grievance Option for Reporting Corruption and Harassment

The Income Tax e-Filing Portal has introduced a dedicated mechanism for raising grievances involving...
Direct Tax

Political Donation Deduction Can’t Be Disallowed Solely on Third-Party Statements Without Inquiry or Cross-Examination: ITAT

The Jaipur Bench of the Income Tax Appellate Tribunal (ITAT) has held that a...
Direct Tax

GOLD JEWELLERY KEPT AT HOME LIMIT | Diamond-Studded Jewellery Covered by CBDT’s Permissible Limit: ITAT

The Income Tax Appellate Tribunal (ITAT) has deleted an addition of approximately Rs. 3.86...
Direct Tax

Cash Deposits From Sale of Mobile Recharge Coupons Can’t Be Treated as Unexplained Credits: ITAT

The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has deleted an addition...
Direct Tax

Hybrid Seed Production on Leased Farmland Qualifies as Agricultural Activity: ITAT Deletes Addition

The Income Tax Appellate Tribunal (ITAT), Rajkot Bench, has held that income earned from...
Direct Tax

S. 263 Revision Can’t Be Used for Fresh Fishing Inquiry When AO Has Already Examined Issues: ITAT Quashes PCIT Order

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that the...
Direct Tax

S. 271DA Penalty Notice Must Be Issued Within 6 Months of AO’s Reference; Karnataka High Court Quashes Time-Barred Cash Receipt Penalty

The Karnataka High Court has held that although penalty proceedings under Section 271DA of...
Direct Tax

Delayed Compliance With Income Tax Notice Is Not Complete Failure: Penalty U/s 272A(1)(d) Dropped

The Income Tax Department has dropped penalty proceedings initiated under Section 272A(1)(d) of the...
Direct Tax

NFAC Deletes Rs. 10K Penalty Against Senior Citizen Farmer For Failure to Respond to Online Tax Notice [READ ORDER]

The National Faceless Appeal Centre (NFAC) has deleted a penalty of ₹10,000 imposed under...
Direct Tax

CIT(A) Can’t Dismiss Income Tax Appeal Merely for Non-Prosecution Without Deciding Merits: ITAT

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that the...
Direct Tax

Mere Suspicion From Transaction Report Can’t Justify Income Tax Reassessment Without Supporting Material: Gujarat High Court

The Gujarat High Court has quashed reassessment proceedings involving an alleged income escapement of...
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Latest articles

Indirect Taxes

4 Hearing Opportunities By Customs Dept. Satisfy Natural Justice: Delhi High Court

The Delhi High Court has dismissed a writ petition challenging a Customs revisional order...
GST

Consolidated GST SCN Covering Multiple FY Is Not Without Jurisdiction: Delhi High Court

The Delhi High Court has held that the issuance of a consolidated show cause...
Indirect Taxes

Procedural Error in Customs Broker Licence Inquiry Can Be Rectified Through Remand: Delhi High Court

The Delhi High Court has held that a procedural error committed during proceedings for...
Indirect Taxes

Bona Fide Belief Based on Dept.’s Own View Constitutes ‘Reasonable Cause’: Delhi High Court Quashes Service Tax Penalty

The Delhi High Court has set aside a penalty of ₹4.50 lakh imposed under...