Delhi ITAT set aside penalties against Delhi Building & Others for Assessment Years 2007-08 and 2008-09, citing the Assessing ...

The Gujarat High Court, after hearing arguments from both sides, focused on whether the Section 148 notice deserved to be ...

The ITAT Mumbai has deleted unexplained cash credit additions for the Pitkar family, ruling Section 68 inapplicable to bank passbooks and citing genuine medical ...

Madras High Court rules Tamil Nadu Housing Board cannot demand extra 5% GST from flat allottees when the advertised price was ...

Understand Indian income tax implications for non-resident shareholders on foreign company share buybacks. Learn about residential status, capital asset situs, and why capital gains on foreign shares ...

SC rules that nominees under Section 109A of the Companies Act do not gain absolute ownership of shares, preserving legal heirs' rights under succession ...

Understand the importance of correct formats for Section 143(2) scrutiny notices. Learn how non-compliance impacts tax assessments, referencing CBDT guidelines and recent tribunal ...

ITAT Nagpur rules Prerana Samajik Sanskrutik Trust's provisional registration was wrongly cancelled. Temporary loans, not ...

Delhi ITAT partially allows Rohit Goel's appeal against ACIT, addressing unexplained cash deposits, out-of-book purchases, and assessing income based on bank ...

Learn about India's upcoming GST Compliance Rating system and recent tax reforms. Understand its benefits for taxpayers, buyers, and creditors, and the challenges of ...

India's exporters face mandatory annual IEC updates from DGFT, even with no changes. This practice burdens businesses and raises concerns about efficiency and legal ...

ITAT Mumbai quashes ₹5.39 crore income addition by AO, stating calculations based on two days' bills were illogical for tax ...