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Supreme Court Upholds Income Tax Reassessment Of Former CJI Y.K. Sabharwal’s Sons Based On Fresh Material [READ ORDER]

The Supreme Court has upheld the reopening of income tax assessments for assessment years...
Direct Tax

₹2.59 Crore Cash Deposit Addition: ITAT Upholds Verification Of Withdrawals And Peak Credit Before Taxing Unexplained Amount

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has upheld directions requiring...
Direct Tax

Income Tax Penalty Invalid If Notice Fails To Specify Under-Reporting Or Misreporting Charge: ITAT

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has quashed a penalty...
Direct Tax

10% Stamp Duty Valuation Tolerance Applies To AY 2018-19: ITAT

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

Cash Advance From Selling House To Repay Housing Loan: ITAT Deletes Penalty

The Income Tax Appellate Tribunal (ITAT), Chennai, has deleted a ₹26 lakh penalty imposed...
Direct Tax

Search-Based Income Tax Reassessment Must Follow S. 153C, Not S. 147: ITAT

The Income Tax Appellate Tribunal (ITAT), Kolkata Bench, has held that reassessment proceedings founded...
Direct Tax

Dept. Can’t Challenge CIT(A)’s Jurisdiction After Dept. Allocates Appeal And AO Raises No Objection: ITAT

The Pune Bench of the Income Tax Appellate Tribunal (ITAT) has dismissed the department’s...
Direct Tax

No TDS Default For External Development Charges Paid To HUDA: Delhi High Court Quashes Tax Demand

The Delhi High Court has quashed an income tax order treating a developer as...
Direct Tax

Charitable Services Need Not Be Free; S. 12A Registration Doesn’t Automatically Entitle Trust To 80G Approval: Delhi High Court

The Delhi High Court has held that charging a partial, subsidised or concessional amount...
Direct Tax

Challenge To Retrospective S. 147A: Allahabad High Court Stays Income Tax Reassessment Over Rs. 4 Lakh Escaped Income

The Allahabad High Court’s Lucknow Bench has stayed reassessment proceedings for Assessment Year 2017–18...
Direct Tax

Reassessment Without S. 143(2) Notice Invalid Despite Taxpayer’s Participation: Supreme Court

The Supreme Court has held that income tax reassessment proceedings are invalid when the...
Direct Tax

CBDT Priority Circular Must Yield To Statute: Allahabad High Court Orders Disposal Of Pending Income Tax Appeals Within Three Months

The Allahabad High Court has directed the Commissioner of Income Tax (Appeals), National Faceless...
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GST

Support Services To Overseas Group Companies Are Exports, Not Intermediary Services: GSTAT 

The Goods and Services Tax Appellate Tribunal (GSTAT), Delhi, has held that support services...
GST

Closed Premises Alone Can’t Prove Fictitious GST Transactions: GSTAT 

The Goods and Services Tax Appellate Tribunal (GSTAT), Agra Bench, has held that finding...
GST

Seized Diary Entries Alone Can’t Establish Suppressed GST Turnover Without Transaction-Wise Verification: GSTAT

The Goods and Services Tax Appellate Tribunal (GSTAT), Agra Bench, has held that suppressed...
GST

E-Way Bill Part B Lapse Alone Can’t Justify GST Penalty Without Intent To Evade Tax: GSTAT

The Goods and Services Tax Appellate Tribunal (GSTAT), Agra State Bench, has dismissed a...