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Income Tax

Case BriefsSupreme Court

Legislature has not defeated the dictum in Bharat Earth Movers case by inserting clause (f) to Section 43B of the IT Act

Supreme Court: The 3-judge bench of AM Khanwilkar, Hemant Gupta and Dinesh Maheshwari, JJ has the constitutional validity of clause (f) of

Published on April 25, 2020May 1, 2020By Prachi Bhardwaj
Leave a comment2651 views
Case BriefsSupreme Court

SC quashes Income Tax department notice to NDTV seeking to re-assessment of for financial year 2007-08

Supreme Court: IN a major for the NDTV Ltd, the bench of L. Nageswara Rao and Deepak Gupta, JJ has quashed the

Published on April 6, 2020April 10, 2020By Prachi Bhardwaj
Leave a comment2260 views
Legislation UpdatesRules & Regulations

Income-tax (16th Amendment) Rules, 2019; CBDT notifies modes of payment for S. 269SU of IT Act, 1961

G.S.R. 960(E).—In exercise of the powers conferred by Section 269SU read with Section 295 of the Income-tax Act, 1961 (43 of 1961),

Published on December 31, 2019December 31, 2019By Bhumika Indulia
Leave a comment3544 views
Case BriefsSupreme Court

Mere change of address in IT return is not enough; Assessing Officer must be specifically intimated

Supreme Court: The 3-judge bench of UU Lalit, Indira Banerjee and MR Shah, JJ has held that mere mentioning of the new

Published on October 18, 2019October 24, 2019By Prachi Bhardwaj
Leave a comment3738 views
Case BriefsSupreme Court

SC elaborates on the scheme of determining additional purchase price under Clause 5A under Sugarcane Control Order, 1966

Supreme Court: On the question relating to assessment of the taxable income of a Co-operative Society engaged in the business of production

Published on March 7, 2019March 12, 2019By Prachi Bhardwaj
Leave a comment2987 views
Case BriefsSupreme Court

Motilal Pesticides overruled as it missed the difference in the terms ‘Income’ and ‘Gross Total Income’

Supreme Court: The 3-judge bench of Dr. AK Sikri, SA Nazeer and MR Shah, JJ decided an issue relating to interpretation of

Published on March 1, 2019March 6, 2019By Prachi Bhardwaj
Leave a comment3253 views
Hot Off The PressNews

Income Tax Department hits at terror financing activities in J&K Region

The head of a prominent organisation allegedly indulging in anti-national activities along with his associates were covered in a sensitive search action

Published on February 28, 2019February 28, 2019By Bhumika Indulia
Leave a comment2069 views
Case BriefsSupreme Court

Amend S. 80DD of IT Act to give benefit to disabled persons even during the lifetime of guardian: SC to Centre

Supreme Court: The 3-judge Bench of Dr. AK Sikri, Ashok Bhushan and SA Nazeer, JJ asked the Central Government to make necessary

Published on January 3, 2019January 11, 2019By Prachi Bhardwaj
1 Comment3222 views
Case BriefsHigh Courts

Sections 194-L or 194-LA of IT Act had no application in case of rehabilitation of encroaching squatters; no TDS applicable

Bombay High Court: A Division Bench comprising of S.C. Dharmadhikari and B.P. Colabawalla, JJ. dismissed an appeal filed under Section 260-A of

Published on September 10, 2018September 12, 2018By Bhumika Indulia
Leave a comment4150 views
Legislation UpdatesRules & Regulations

CBDT amends income tax advance ruling forms, seeks unique number for identification of non-resident

G.S.R. 647(E).- In exercise of the powers conferred by Section 295 read with sub-section (1) of Section 245Q of the Income Tax

Published on July 25, 2018By Saba
Leave a comment2709 views
Case BriefsHigh Courts

Bright Line Test is not a valid test to determine international transactions for purposes of income tax

Delhi High Court: A Division Bench of the High Court comprising of S. Murlidhar and Pratibha M. Singh JJ, held that the

Published on August 5, 2017By Saba
Leave a comment4968 views
Case BriefsHigh Courts

Income Tax Assessing Officer has to dispose of objections before invoking re-assessment proceedings

Karnataka High Court: While delivering the judgment in the writ appeal filed under Section 4 of the Karnataka High Court Act praying

Published on July 28, 2017August 18, 2017By Saba
Leave a comment4386 views
Case BriefsSupreme Court

Section 139AA of Income Tax Act, 1961 valid; Aadhaar-PAN linkage partially stayed till the Constitution Bench decision on Privacy Issue

Supreme Court: The bench of Dr. A.K. Sikri and Ashok Bhushan, JJ, upholding the validity of Section 139AA of Income Tax Act,

Published on June 9, 2017June 21, 2017By Prachi Bhardwaj
Leave a comment9771 views
Case BriefsSupreme Court

Section 14A of Income Tax Act, 1961 is applicable to dividend income on which tax is payable under Section 115-O of the Act

Supreme Court: Answering the question as to whether the phrase “income which does not form part of total income under this Act”

Published on May 8, 2017May 25, 2017By Prachi Bhardwaj
Leave a comment5843 views
Case BriefsSupreme Court

If shareholder has substantial interest in the HUF, the payment made to the HUF will be deemed dividend under Section 2(22) of the Income Tax Act, 1961

Supreme Court: Explaining the term ‘dividend’ under Section 2(22)(e) of the Income Tax Act, 1961, the Court said that the said provision

Published on January 4, 2017February 27, 2017By Prachi Bhardwaj
Leave a comment5065 views
Case BriefsSupreme Court

Exemption on ‘palace’ under Section 10(19A), Income Tax Act cannot be split in two parts, i.e., the one in occupation and the other in possession of the tenant

Supreme Court: Deciding the question as to whether a former ‘ruler’ is entitled to get full benefit of the exemption granted to

Published on December 6, 2016December 29, 2016By Prachi Bhardwaj
Leave a comment6167 views
Case BriefsSupreme CourtTaxation

Deputy Director of Income Tax not an appellate authority for decisions/orders of Income Tax Officers

Supreme Court: Deciding the question that whether the Deputy Director of Income Tax was competent to make complaint regarding commission of offence

Published on September 3, 2016January 21, 2017By Sucheta
Leave a comment4699 views
Case BriefsSupreme Court

CIT allowed to revise the assessment order for Amitabh Bachchan’s income for the year 2001-2002

Supreme Court: In a case where the assessment order for actor Amitabh Bachchan’s income in the year 2001-2002 was in question, the

Published on May 11, 2016June 27, 2016By Sucheta
Leave a comment3796 views
Case BriefsHigh Courts

Constitutionality of Section 94A(1) of the Income Tax Act, 1961, upheld

Madras High Court: In the present case where questions were raised on the constitutionality of Section 94A(1) of the Income Tax Act,

Published on April 29, 2016May 31, 2016By Sucheta
Leave a comment5106 views
High Courts

Section 80 IB of the Income Tax Act discussed

Himachal Pradesh High Court– While deciding an appeal, where the Court was asked to determine three substantial questions as to whether the

Published on May 5, 2015October 14, 2015By Sucheta
Leave a comment5613 views

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