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Calcutta High Court Quashes Rs. 87.20 Crore Income Tax Assessment Against PwC Over Denial of Fair Hearing

The Calcutta High Court has quashed an assessment order raising a tax demand of...

ITAT Condones Delay, Grants Full Tax Relief to BSNL VRS Employees on Retrenchment Compensation and Leave Encashment

In a significant relief for retired Bharat Sanchar Nigam Limited (BSNL) employees, the Bangalore...

Procedural Lapse by Legal Consultant Can’t Become a Permanent Bar to Substantive Exemption U/s 11: ITAT 

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

Player Suffered Net Loss and Not Taxable Winnings: ITAT Deletes Rs. 3.54 Crore Online Gaming Tax Addition

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

Patna AO Had No Jurisdiction Over Kolkata Assessee: ITAT Quashes Assessments

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

S. 271DA Can’t Be Invoked Without Cogent Evidence of S. 269ST Violation: ITAT Deletes Rs. 5.07 Crore Penalty for Alleged Cash Receipts

The Hyderabad Bench of the Income Tax Appellate Tribunal (ITAT) has deleted a penalty...

Income Tax Dept. Can’t Reject LTCL of One Co-Owner After Accepting Identical Claim of Another: ITAT

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

Supreme Court Resolves Reassessment Jurisdiction Dispute: Clarifies Role of Jurisdictional and Faceless Assessing Officers Under Income Tax Law

The Supreme Court has settled the long-standing controversy over whether reassessment notices and orders...

Advisory Services Without Transfer of Technical Knowledge Not Taxable as FTS Under India-UAE DTAA: ITAT

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

Income Tax Dept. Drops S. 272A(1)(d) Penalty Citing Genuine Medical Reasons

The Income Tax Department has dropped penalty proceedings initiated under Section 272A(1)(d), holding that...

Entire Bogus Purchase Addition Unsustainable When Sales Are Accepted; ITAT Restricts Addition to 8% Profit Element

The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has ruled that where...

Belated Retraction of Admission Not Valid | Karnataka High Court Upholds Rs. 1.5 Crore Addition Based on Search Statement

The Karnataka High Court has reaffirmed the evidentiary value of statements recorded during income...

Latest articles

Madras High Court Quashes 2 Overlapping GST Assessment Orders Passed For Same Period

The Madras High Court has set aside two overlapping GST assessment orders passed for...

Madras High Court Quashes GST Demand and Bank Attachment After LLP Agrees to Deposit 25% Tax Demand

The Madras High Court has set aside GST demand orders and the consequential recovery...

GST SCN Issued After Repeated Audit Proceedings Stayed; Karnataka High Court Questions Jurisdiction of Fresh Action

The Karnataka High Court has stayed further proceedings pursuant to multiple show cause notices...

GST Demand Stayed on Interest-Free Loan Between Company and Managing Director: Karnataka High Court 

The Karnataka High Court has stayed further proceedings arising out of a GST adjudication...