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Search Conducted After 1 April 2021 Triggers S. 148 Procedure: ITAT 

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

Excel Sheet Recovered From Third-Party Can’t By Itself, Establish Sufficient Nexus Between Alleged Cash Transactions And Assessee: ITAT

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

Tax Demand Rendered Irrecoverable Under NCLT Resolution Cut-Off: ITAT 

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

ITAT Deletes Rs. 28.21 Lakh Additions in Penny Stock Case

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has allowed an assessee’s...
Direct Tax

ITAT Deletes Rs. 168.31 Crore Share Premium Addition Against Hero Fincorp

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has allowed the appeal...
Direct Tax

S. 10A Deduction and Rejects Transfer Pricing Adjustment Upheld: ITAT 

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

Excess TDS Can’t Be Retained Indefinitely: Delhi High Court 

The Delhi High Court has held that the Income Tax Department cannot deny an...
Direct Tax

Undisclosed Income Tax Attachment: Madras High Court Says Bank Can’t Forfeit SARFAESI Auction Deposit

The Madras High Court has held that a bank cannot forfeit an auction purchaser’s...
Direct Tax

Genuine Hardship Must Guide S. 119(2)(b) Applications: Madras High Court Condones 31-Day Delay in Filing Form 10

The Madras High Court has held that while considering an application for condonation of...
Direct Tax

ITAT Allows 50% Presumptive Taxation for Doctor Despite Non-Filing of Return

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

Assessment Invalid Where AO Acted Under Directions of Superior Authority: ITAT Deletes Rs. 11.12 Crore ‘On-Money’ Addition

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has allowed an appeal...
Direct Tax

Meesho’s Income Tax Disputes Surge to ₹2,071.8 Crore in FY26; Company Challenges Fresh ₹1,499.74 Crore Demand

E-commerce marketplace Meesho has reported a sharp increase in its income tax-related disputes, with...
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Latest articles

Indirect Taxes

Service Tax Demand on Irrigation Works Quashed: Karnataka HC Rules Sale of Goods Component Not Taxable as Service

The Karnataka High Court has quashed the service tax demand on irrigation works and...
Direct Tax

Search Conducted After 1 April 2021 Triggers S. 148 Procedure: ITAT 

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

Excel Sheet Recovered From Third-Party Can’t By Itself, Establish Sufficient Nexus Between Alleged Cash Transactions And Assessee: ITAT

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

Tax Demand Rendered Irrecoverable Under NCLT Resolution Cut-Off: ITAT 

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

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