Bombay High Court Quashes IT Department’s Communication On BCCI’s Tax Exemption Status The Bombay High Court on Tuesday set aside a communication issued by the Income Tax (IT) Department concerning...
Supreme Court: No Penalty Under Section 271AAA IT Act If Assessee Admits, Substantiates Undisclosed Income & Pays Tax with Delay In a significant ruling, the Supreme Court addressed the...
Gujarat High Court Rules Against Re-Assessment Notices Based On Mere “Change Of Opinion” Regarding Material Available At The Time Of Scrutiny The Gujarat High Court has reaffirmed that an Assessing...
Delhi High Court Rules Final Determination Under VSV Act Cannot Be Reopened Via Section 154 Of Income Tax Act The Delhi High Court, bench comprising Justices Yashwant Varma and Ravinder Dudeja, has...
Bombay High Court: Jurisdiction Under Section 147 Requires Failure To Disclose All Material Facts During Original Assessment The Bombay High Court has recently struck down a reassessment notice...
Supreme Court Stays Further Tax Recovery From NewsClick Pending ITAT Appeal The Supreme Court has granted a stay on any further recovery of income tax under two disputed demand notices issued to...
Delhi High Court Quashes Income Tax Assessment Order, Upholds Statutory Injunction On Claims Prior To Resolution Plan Approval The Delhi High Court has quashed an income tax assessment order, ruling...
Revenue Audit Objections Valid Ground For Reopening Concluded Assessment Under Section 148 Of IT Act: Allahabad High Court The Allahabad High Court has partially allowed a writ petition challenging...
Lack Of Diligence Disqualifies Applicant From Condonation Of Delay Under Sec 249(2): Pune ITAT The Pune Income Tax Appellate Tribunal (ITAT) has dismissed an appeal filed by an assessee, a...
Kerala High Court Rules Property Sale Gains Kept For Investment To Be Taxed As Capital Gains The Kerala High Court has ruled that gains from selling property held for investment purposes should be...
Payments Made To Overseas Company For Services Utilized Abroad Exempt From TDS Under Section 195: Delhi ITAT The Income Tax Appellate Tribunal (ITAT) New Delhi ruled that a taxpayer company is not...
Kerala High Court Quashes Decision By Income Tax Officer Who Did Not Hear The Case Justice Murali Purushothaman of the Kerala High Court emphasized that failure to render a decision by the income tax...
