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Tax Dept. Can’t Disown System-Generated Hearing Notice: Punjab and Haryana High Court 

The Punjab and Haryana High Court has set aside a tax adjudication order passed...
Direct Tax

2 Adjoining Flats Can Qualify For Capital Gain Exemption: ITAT

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

Delay Due To Missed Tax Emails Condoned: ITAT Imposes Rs. 5,000 Cost On Taxpayer

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has condoned delays of...
Direct Tax

Under E-Pay Tax → Foreign Assets of Small Taxpayers Disclosure Scheme 2026 – User Manual

This document provides step-by-step guidance to taxpayers on generating Challan ITNS 289 through the...
Direct Tax

Income Tax Appeals Can’t Be Kept Pending for Years Citing “Where Possible” Clause: Gujarat High Court

The Gujarat High Court has directed the Commissioner of Income Tax (Appeals) to decide...
Direct Tax

Income Tax Reassessment Barred After Insolvency Plan Approval Despite Fresh ED Inputs: Bombay High Court 

The Bombay High Court has quashed fresh income tax reassessment proceedings holding that the...
Direct Tax

Omnibus Approval for Multiple Years Can’t Sustain Search Tax Assessments: Delhi High Court

The Delhi High Court has upheld the quashing of search assessments after finding that...
Direct Tax

Rights Shares Below Market Value Not Automatically Taxable: Bombay HC Quashes Income Tax Reopening

The Bombay High Court has quashed reassessment proceedings over an alleged ₹329.03 crore benefit...
Direct Tax

Capital Addition Can’t Be Taxed on Assumptions in Reassessment: Allahabad HC

The Allahabad High Court has upheld the deletion of a ₹2.73 crore addition made...
Direct Tax

Rs. 1.88 Crore Tax Addition Falls As Scrutiny Notice Was Issued By Officer Without Jurisdiction: ITAT

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

Gifted Shares Retain Donor’s Holding Period, But Indexation on Taxed Value Starts From Gift Year: ITAT

The Income Tax Appellate Tribunal (ITAT), Chennai, has held that the previous owner’s holding...
Direct Tax

Unexplained Cash Transactions Can’t Be Taxed At Ad Hoc 8% Without Legal Basis: Delhi HC

The Delhi High Court has set aside an Income Tax Appellate Tribunal (ITAT) direction...
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Indirect Taxes

Scotch Whisky Duty Dispute: Companies Seek 75% Import Duty as India Examines Bulk Whisky Imports

India’s reduced tariff on Scotch whisky under the India–UK trade agreement has triggered a...
International Taxation

Trump Signs Executive Order to Reduce Mortgage Costs, Expand Housing Affordability in US

US President Donald Trump has signed an executive order directing federal agencies to take...
International Taxation

China Tightens Tax Enforcement on Offshore Trusts, Wealthy Individuals Face Scrutiny Over Overseas Assets

China is stepping up tax enforcement against wealthy individuals holding assets overseas, including investments...
Other Laws

Delhi High Court Rejects AISA President Neha Bora’s Plea Against Peace Bond Notice Over CEC Protest

The Delhi High Court has dismissed a petition filed by All India Students’ Association...