News

The ITAT Bangalore has deleted a ₹27 lakh addition to a wife's income, ruling it was double taxation as her husband had ...
NCLT Kolkata held that the Corporate Debtor, Shomuk Consultancy Services Private Limited, is ordered to be liquidated in ...
NCLT Mumbai held that resolution plan of Corporate Debtor [Shivom Investment and Consultancy Limited] as submitted by ...
No recovery of outstanding GST ( Goods and Services Tax ) demand could be made once a taxpayer deposited the statutory ...
Cochin ITAT remanded ₹25 lakh addition, holding CIT(A) erred by invoking Section 68 without notice. Matter sent back for fresh adjudication after hearing ...
ITAT Visakhapatnam held that assessment order passed under section 144 of the Income Tax Act without issuance of notice under section 143(2) is not sustainable and liable to be quashed since failure ...
India has replaced the 68-year-old Income-tax Act, 1961 with a new law. Learn about the key changes, including simplified provisions and a digital-first ...
The Mumbai ITAT quashed a penalty under section 271(1)(c) against Ideal Energy Projects, citing that merely claiming a deduction is not furnishing inaccurate ...
The Allahabad High Court directed the tax department to refund 90% of a disputed tax amount, citing an arbitrary and premature ...
ITAT Jodhpur rules that the CPC cannot deny an 80P deduction on belated returns for assessment years before 2021-22, as it lacked the authority under Section ...
The ITAT Ahmedabad has deleted a Rs.5.21 crore addition to income, ruling that the reassessment was invalid due to a lack of independent verification of the ...
Delhi High Court held that when the transaction is one of trading in land and no specific remuneration is fixed in the deal for acquisition of land, the same would not be liable to service tax.