Senior Citizen Farmer
Direct Tax
S. 263 Revision Can’t Be Used for Fresh Fishing Inquiry When AO Has Already Examined Issues: ITAT Quashes PCIT Order
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that the...
Direct Tax
S. 271DA Penalty Notice Must Be Issued Within 6 Months of AO’s Reference; Karnataka High Court Quashes Time-Barred Cash Receipt Penalty
The Karnataka High Court has held that although penalty proceedings under Section 271DA of...
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Latest articles
Direct Tax
S. 263 Revision Can’t Be Used for Fresh Fishing Inquiry When AO Has Already Examined Issues: ITAT Quashes PCIT Order
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that the...
Direct Tax
S. 271DA Penalty Notice Must Be Issued Within 6 Months of AO’s Reference; Karnataka High Court Quashes Time-Barred Cash Receipt Penalty
The Karnataka High Court has held that although penalty proceedings under Section 271DA of...
Direct Tax
Delayed Compliance With Income Tax Notice Is Not Complete Failure: Penalty U/s 272A(1)(d) Dropped
The Income Tax Department has dropped penalty proceedings initiated under Section 272A(1)(d) of the...
Company & PMLA
Personal Guarantor’s Repayment Plan Binding on Dissenting Creditors Once Approved Under IBC: NCLT Third Member Backs Plan Despite Banks’ Objections
The National Company Law Tribunal (NCLT), New Delhi, has held that a repayment plan...