HomeDirect Tax

Direct Tax

Keep exploring

ITAT Upholds ₹11.45 Lakh Addition After Assessee Fails to Explain Seized Cash

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has upheld an addition...

BARC Share Subscription Was Not a Prohibited Investment: ITAT Upholds S. 11 Exemption 

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

Genuine Loans Can’t Be Taxed as Unexplained Cash Credits: ITAT

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has upheld the deletion...

CIT(A) Can’t Create a New Source of Income While Enhancing Assessment; ITAT Deletes 1% Commission Addition

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

ITAT Quashes Search Assessment After Finding Same Additions Made Substantively in 2 Hands U/s 153C

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has quashed a search...

Mere Non-Response to Tax Notices Can’t Justify Disallowance: ITAT

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has upheld the deletion...

Assessment Invalid as AO Failed to Incorporate DRP Directions: ITAT

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has quashed a final...

Income Tax Dept. Can’t Continue Appeal Against Company During IBC Moratorium: ITAT

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has ruled that the...

Failure to Refer Transfer Pricing Issue to TPO Not Fatal; ITAT Orders Fresh Assessment

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has held that an...

No Transfer Pricing Adjustment on Delayed Receivables if Taxpayer is Debt-Free: ITAT

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has held that no...

Commissioner Cannot Revise Assessment U/s 263 After Due Inquiry: ITAT

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

851-Day Delay No Bar to Justice: Madras HC Quashes ITAT Order Rejecting Tax Appeal

The Madras High Court has set aside an order of the Income Tax Appellate...

Latest articles

Why Did ICAI Put Its Big 4 Disclosure Rules on Hold?

The Institute of Chartered Accountants of India (ICAI) has put on hold its much-anticipated...

CGST Kolhapur Cracks ₹10.57 Crore Fake ITC Racket; Mastermind Behind Six Shell Firms Arrested

In a significant crackdown on GST fraud, the Anti-Evasion Wing of the Central Goods...

Can GST Authorities Issue One Show Cause Notice for Multiple FY? Supreme Court to Decide

The Supreme Court on Thursday issued notice on a Special Leave Petition (SLP) challenging...

GST Refund Interest Must Be Calculated from Original Refund Application, Not Fresh Filing After Court Order: Gujarat High Court

The Gujarat High Court has held that GST refund interest must be calculated from...