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Leave Encashment Earned During Central Government Service Eligible for Full Tax Exemption: CIT(A) [READ ORDER]

A significant relief has been granted to a retired Bharat Sanchar Nigam Limited (BSNL)...

CA Can’t Be Taxed on Client Funds Used for Statutory Payments: ITAT Deletes Rs. 29.87 Crore Addition

The Chennai Bench of Income Tax Appellate Tribunal (ITAT) has held that CA can’t...

Faceless Reassessment Invalid if Completed Before Notification of Faceless Income Escaping Assessment Scheme: ITAT 

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

PF/ESI Delay Disallowance Can’t Be Made Through S. 143(1) Adjustment When Issue Was Debatable at the Relevant Time: ITAT

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

Marriott International Assessments Quashed As Income Tax Dept. Bypassed Mandatory Draft Assessment Process: ITAT

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

1,943 Days Delay In Filing Appeal Condoned Citing Bona Fide Return Filing Errors: ITAT

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has condoned a substantial...

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...

Latest articles

SARFAESI Pre-Deposit Not Mandatory for Appeals Against Purely Procedural DRT Orders: Bombay High Court

The Bombay High Court has held that the requirement of pre-deposit under Section 18...

Leave Encashment Earned During Central Government Service Eligible for Full Tax Exemption: CIT(A) [READ ORDER]

A significant relief has been granted to a retired Bharat Sanchar Nigam Limited (BSNL)...

Cabinet Approves Repatriation of IRS Officer Manoj Kumar to Parent Cadre on Personal Grounds

The Appointments Committee of the Cabinet (ACC) has approved the repatriation of Shri Manoj...