Penalty Unsustainable
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...
GST
GST Adjudication Order Can’t Automatically Drive Income-Tax Reassessment: Madras High CourtÂ
The Madras High Court has held that an Income-Tax reassessment proceeding cannot simply “ride...
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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...
GST
GST Adjudication Order Can’t Automatically Drive Income-Tax Reassessment: Madras High CourtÂ
The Madras High Court has held that an Income-Tax reassessment proceeding cannot simply “ride...
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...