Bombay High Court Clarifies Section 269-SS of Income Tax Act Does Not Apply to Cash Advances Above ₹20,000
LI Network LI Network Published on: December 27, 2023 at 20:20 IST The Bombay High Court has clarified that the…
Income Tax Act
Delhi High Court Clarifies Scope of S. 69A in the Income Tax Act
LI Network Published on: December 18, 2023 at 18:21 IST The Delhi High Court has underscored that Section…
Supreme Court Rules State Board’s Power Supply Rate as Market Value for Deduction under Section 80-IA
LI Network Published on: December 08, 2023 at 21:54 IST The Supreme Court has clarified the method for…
Allahabad High Court Asserts Authority Cannot Divide Indivisible Contracts under Income Tax Act
LI Network Published on: November 30, 2023 at 12:27 IST The Allahabad High Court has underscored that authorities…
Gain from Foreign Exchange Fluctuations Ineligible for Deduction under Section 80 Of Income Tax Act: SC
LI Network Published on: November 22, 2023 at 17:20 IST The Supreme Court has clarified that profits arising…
Mere Delay in Filing Income Tax Return Should Not Bar Legitimate Refund Claims: Bombay HC
LI Network Published on: 2 August 2023 at 19:55 IST The Bombay High Court, in a recent ruling,…
Madras HC: No Penalty U/S. 271(1)(C) Of Income Tax Act on Mere Estimation of Unaccounted Income
LI Network Published on: 29 July 2023 at 13:15 IST The Madras High Court has quashed criminal proceedings…
Carrier of Goods Not An ‘Owner’; Bitumen Not A ‘Valuable Article’ U/S 69A of The Income-tax Act
LI Network Published on: 20 May 2023 at 13:32 IST In a recent ruling, the Supreme Court determined…
Amendment brought to Sec 153C of IT Act, vide Finance Act, 2015 shall be applicable to searches conducted U/S 132 of IT Act before 01.06.2015
LI Network Published on: 07 April 2023 at 12:33 IST Supreme Court Bench of Justice M.R Shah said,…
Karnataka HC Set Aside Assessment Notice Issued to Embassy Group Chairman Virwani Under Provisions of Black Money Act
Savvy ThakurPublished on: 30 November 2022 at 18:00 IST An assessment notice issued to Embassy Group Chairman Jitendra…
Delhi HC: Assessee Free to Settle Any Appeal Filed by Respondent for Assess under DTVSV Act
Akansha Upadhyay Published on – 27 November 2022 at 18:17 IST The Delhi High Court has held that…
SC: Government Employees Cannot Claim Leave Travel Concession for Foreign Travel, Long Circuitous Trips
Sarthak Umang Published on: November 8, 2022 at 18:13 IST In the case of State Bank of India…
SC: Educational Trusts/Societies Seeking Exemption u/s 10 (23C) of IT Act Must be Entirely Concerned with Education
Sakina Tashrifwala Published on: October 21, 2022 at 23:02 IST The Supreme Court ruled that educational trusts or…
Delhi High Court: Department Failed to Pass Re-Assessment Order Within Allowed Time Frame
Aastha Thakur Published on: 15 October 2022 at 18:12 IST Due to the department’s failure to pass the…
SC Bench of Justices BR Gavai & BV Nagarathna Posts Electoral Bonds Case to December 6
Khushi Bajpai Published on: October 14, 2022 at 20:43 IST A number of petitions contesting the anonymous electoral…
[Landmark Judgement] J. Mohapatra & Co. v/s State of Orissa (1984)
Published on: 14 October 2022 at 09:16 IST Court – Supreme Court of India Citation – J. Mohapatra…
Plea Filed in SC Challenging ICAI Rule that Limits Number of Tax Audits Per Year by Chartered Accountants
Priyanka Singh Published on: September 26, 2022 at 19:19 IST A Division Bench of the Supreme Court comprising…
Electoral Bonds Case to be Heard on September 19 by Supreme Court
Priyanka Singh Published on: September 16, 2022 at 20:02 IST In 2017, a petition was filed by the…
Delhi HC: Intention of Taxpayer is Crucial to Prove Tax Evasion
Aastha Thakur Published on: 04 September 2022 at 16:22 IST The Delhi High Court ruled that second chance…
Delhi HC: Definition Of Relative Under Senior Citizens Act Can’t be Treated at Par With Income Tax Act
Debangana Ray Published on August 8, 2022 at 21:48 IST The Delhi HC held that the real intent…