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Income Tax Revision Quashed: Wrong Approval Authority Can’t Support Reassessment: ITAT

The Mumbai Income Tax Appellate Tribunal (ITAT) has quashed revision orders concerning loan transactions...
Direct Tax

Can Foreign Assets Be Assessed for AY 2018–19 When the First Black Money Act Notice Was Issued in FY 2018–19? Karnataka High Court Says...

The Karnataka High Court has quashed an assessment concerning two properties in Morocco after...
Direct Tax

Information On Income Tax Dept’s Insight Portal Could Not Justify Reopening: Gujarat High Court 

The Gujarat High Court held that information on the Income Tax Department’s Insight portal...
Direct Tax

Surgical Tools Used in Spinal Operations Fall Under Customs Heading 9018, Not Orthopaedic Appliances Heading 9021: CESTAT

The Chennai Bench upheld the reclassification of imported surgical instruments and rejected the importer’s...
Direct Tax

Shares Received Against Accrued Interest on Debentures Are Taxable Even Without Cash Payment: Madras High Court

The Madras High Court has upheld the revision of a reassessment order that left...
Direct Tax

Retrospective Income Tax Amendment Can’t Be Used to Recall Earlier Tribunal Order: ITAT

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

Can Unreceived Flats and Payments Under Development Agreement Be Taxed as Capital Gains? Punjab and Haryana High Court

The Punjab and Haryana High Court has disposed of an income tax appeal concerning...
Direct Tax

Income Tax Dept. Can’t Revise Refund Intimation Without Adjustments U/S 263: Karnataka High Court

The Karnataka High Court has set aside an Income Tax Department notice seeking to...
Direct Tax

No Coercive Recovery of Rs. 29.24 Crore Until Stay Plea Is Decided: Patna High Court in Income Tax Dispute

The Patna High Court has directed that no coercive action be taken against a...
Direct Tax

ATMs Qualify as Computers for Higher Depreciation, but Foreign Bank Can’t Claim Domestic Tax Rate: Calcutta High Court

The Calcutta High Court has held that automated teller machines (ATMs) qualify as computers...
Direct Tax

Income Tax Refund Claim Can’t Be Rejected Without Examining Genuine Hardship: Punjab and Haryana High Court

The Punjab and Haryana High Court has set aside an order refusing to condone...
Direct Tax

441-Day Delay in Income Tax Appeal Can’t Be Excused on Unproven Claim of Counsel’s Illness: P&H High Court

The Punjab and Haryana High Court has upheld the rejection of an income tax...
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Latest articles

GST

E-Way Bill Generated After Vehicle Interception Can’t Cure Violation: GSTAT

The Goods and Services Tax Appellate Tribunal (GSTAT), State Bench at Varanasi, has upheld...
Indirect Taxes

DGFT Orders Quashed For Failure To Supply DRI Letter Relied Upon In SCN: Bombay High Court

The Bombay High Court has set aside an adjudication order and an appellate order...
GST

Delayed GST Payment Alone Doesn’t Establish Fraud: GSTAT

The Goods and Services Tax Appellate Tribunal (GSTAT), Kolkata Bench, has dismissed a departmental...
GST

Timely Cash Ledger Deposit Doesn’t Stop GST Interest For Earlier Tax Periods: GSTAT

The Goods and Services Tax Appellate Tribunal (GSTAT), Raipur, has held that depositing sufficient...