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Can Loans Be Treated as Bogus Solely Because Lenders Are Linked to Alleged Entry Operators? ITAT Says No

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

Software Payments Not Royalty, Offshore Supplies Not Taxable: ITAT

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) held that consideration received...

Income Tax Dept. Must Specify Exact Charge Before Levying Penalty As S. 270A Contains Too Many Categories Of Under-Reporting: ITAT

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

S. 292BC Can’t Retroactively Validate Defective S. 153D Approvals Issued Before April 1, 2021: ITAT

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has quashed assessment orders...

Income Tax Dept Can’t Revive Time-Barred Assessments After Settlement Proceedings: Madras HC

The Madurai Bench of the Madras High Court has quashed a series of assessment...

Enhanced 60% Tax Under Amended S. 115BBE Can’t Be Imposed Retrospectively: Rajasthan HC

The Rajasthan High Court has held that the enhanced tax regime introduced through the...

Reopening Based on Insight Portal Information Without Seized Material is Invalid: ITAT

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

TOLA Extensions Doesn’t Apply to Black Money Act Proceedings: ITAT

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has quashed an assessment...

Penalty U/s 270A Can’t Be Levied on Estimated Bogus Purchase Addition: ITAT

The Income Tax Appellate Tribunal (ITAT), Agra Bench, has held that a penalty under...

CBI Apprehends Income Tax Superintendent In Bhadrak, Odisha In A Bribery Case

The Central Bureau of Investigation (CBI) has apprehended Office Superintendent, Income Tax Office, Bhadrak,...

Delay in Filing ITR Can’t Deny S. 80P Benefits to Cooperative Societies: Madras High Court

The Madurai Bench of the Madras High Court has held that the delay in...

Non-Examination of Head Office Expense Allocation in S. 80-IA Claims Makes Assessment Erroneous: Calcutta HC

The Calcutta High Court has upheld the Principal Commissioner of Income Tax's decision to...

Latest articles

Can Loans Be Treated as Bogus Solely Because Lenders Are Linked to Alleged Entry Operators? ITAT Says No

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

Software Payments Not Royalty, Offshore Supplies Not Taxable: ITAT

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) held that consideration received...

GSTAT Appeal Filing Too Complex? Marwar Bar Association Seeks Relaxation of Portal Requirements and Procedural Rules

The Marwar GST Appellate Tribunal Bar Association (MGTBA) has submitted a detailed representation to...

Income Tax Dept. Must Specify Exact Charge Before Levying Penalty As S. 270A Contains Too Many Categories Of Under-Reporting: ITAT

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