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Income Tax Notice

Subsidiary Assets Can’t Be Treated as Corporate Debtor’s Assets Under IBC: Supreme Court 

The Supreme Court has held that assets belonging to subsidiary companies cannot be treated...

Reliance Trust, ISKCON, Hinduja Hospital & Breach Candy Move ITAT Against S. 12AB Cancellation Over ‘Commercial Activity’ Allegations

A major charitable trust operating a leading hospital in Mumbai, along with organisations such...
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Cook in Madhya Pradesh Shocked by Rs. 46 Crore Income Tax Notice

A 30-year-old dhaba cook from Bhind district has found himself at the center of...

La Pino’z Pizza’s Owner Complaint: IRS Officer Arrested by CBI in Rs 45 Lakh Bribery Case Linked to Income Tax Notice

The Central Bureau of Investigation (CBI) has arrested Anil Kumar Singal, a 2017-batch Indian...

Cash Deposits Limit That Won’t Invite Income Tax Notice

In India, while there is no explicit restriction on the amount of cash you...

Latest articles

Subsidiary Assets Can’t Be Treated as Corporate Debtor’s Assets Under IBC: Supreme Court 

The Supreme Court has held that assets belonging to subsidiary companies cannot be treated...

Reliance Trust, ISKCON, Hinduja Hospital & Breach Candy Move ITAT Against S. 12AB Cancellation Over ‘Commercial Activity’ Allegations

A major charitable trust operating a leading hospital in Mumbai, along with organisations such...

ITAT Deletes Global Income Addition After Holding No Basis for POEM in India Despite CIT(A)’s Own Findings

The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench, has set aside the addition of...

Income Tax Prosecution Quashed: Madras HC Holds Complaint Without Jurisdiction & Prior Assessment Is Abuse of Process

The Madras High Court has quashed criminal proceedings initiated against an assessee for alleged...