Supreme Court to hear AAP and Gandhi family’s pleas challenging transfer of tax assessments to Central Circle
“Earlier, the Bench had verbally observed that central assessment may be necessary if there were cross transactions between individuals.”
Income Tax Department
Notice under section 2(35) of Income Tax Act not served; Bombay High Court quashes prosecution against independent director
“Passing orders of issuance of a process without appreciating the statutory provisions and cautiously examining the material on record may put the wheels of criminal law in motion and summon an innocent individual to stand trial.”
Inside Madras High Court’s verdict in 1997 Disproportionate Assets case against former Minister of labour welfare A.M. Paramasivam and his wife
Madars High Court held that having obliged her husband to keep the ill-gotten income other than the known source of income, by lending her name for purchase of properties both in her name and in the name of her minor children, showing her as guardian, she is guilty of abetment under Section 109 of IPC.
Undertrial prisoners cannot be detained in custody for an indefinite period: Delhi High Court
The Delhi High Court while granting bail to a man accused of cheating held that undertrial prisoners cannot be placed in custody for indefinite periods of time when a speedy trial does not appear to be a possibility.
Delhi High Court holds assessment order passed under IT Act against the deceased assessee without bringing on record all his legal heirs as void
Delhi High Court: In a case, where petition was filed by a son against the assessment order and the notice
Jharkhand High Court | Liability cannot be fastened upon the company for delay in TDS when it had taken steps within time but the same was not credited in the account of the Central Government
Jharkhand High Court: Sanjay Kumar Dwivedi, J. allowed a criminal miscellaneous petition quashing the entire criminal proceeding including the order
Can TCS collected from sale of scrap be included in the assessable value for charging Excise Duty? CESTAT answers
Customs, Excise and Services Tax Appellate Tribunal (CESTAT): The coram of Ramesh Nair (Judicial Member) and Raju (Technical Member) allowed an appeal
Can merely disowning bank accounts exempt assessee from paying tax? Read why ITAT approved addition of Rs 12.81 Crores under S.68 of Income Tax Act
Income Tax Appellate Tribunal (ITAT), New Delhi: Stating that, “Urgent needs invite urgent action”, Amit Shukla, Judicial Member and Dr B.R.R. Kumar,
SEBI | On account of active and willful issuance of fake and bogus contract notes, stockbroker registration cancelled
Securities and Exchange Board of India (SEBI): G. Mahalingam (Whole Time Member), while exercising powers conferred under Section 12(3) read with Section
Income Tax Department conducts search on premises of Chinese entities
IT Department conducts serach on Chinese Entities premises Based on the credible information that few Chinese individuals and their Indian associates were
Income Tax department made history with a quantum jump in the e-filing of Income–Tax Returns in a single day
The Income Tax department has made history with a quantum jump in the e-filing of Income–Tax Returns (ITRs) with an all-time high
Monetary limits for filing of appeals by Income Tax Department further enhanced by CBDT
There is a substantial pendency of appeals of the Income Tax Department before various appellate fora. The CBDT is aware of the
Income Tax Department detects Benami business of running of petrol outlets in Meghalaya
In a swift and coordinated action on Friday, 2nd August 2019, the Investigation Wing of Income Tax Department, NER carried out searches
Delhi High Court upholds reassessment of NDTV by Income Tax Department
Delhi High Court: A Division Bench of the Delhi High Court upheld the notice of the IT department proposing reassessment for NDTV