Judgement

High Court sets aside reassessment proceedings where AO ignored adjournment request and denied fair hearing under Section 148A

Reassessment Invalid for Denial of Effective Hearing Under Section 148A: HC

News

The income tax authorities have imposed a Rs 42.54 Crore tax addition on the income of  Dalmia Bharat Sugar and Industries. The company is planning to appeal before CIT(A).

Dalmia Bharat Sugar and Industries Faces Rs 42.54 Crore Income Tax Additions; Plans to Appeal

Pfizer has been hit with an Rs 85.7 crore tax demand by Indian authorities following income-tax scrutiny. The company plans to challenge the assessment legally, signaling a prolonged dispute with tax officials.

Pfizer Faces RS 85.7 Crore Income Tax Blow, Vows Strong Legal Fight Amid Income Tax Scrutiny

Gujarat HC rules that additions for unaccounted production cannot be made under Section 153A without incriminating material.

HC Deletes 153A Additions Without Incriminating Material in Search 

The Gujarat High Court rules that Section 13 cannot be invoked to deny trust registration under Section 12AB; it applies only during assessment.

Section 13 Applicability Deferred to Assessment Stage, Revenue Appeal Dismissed 

IIFL informed stock exchanges that its subsidiaries received tax assessment orders totalling Rs 56.28 crore but expect no significant financial impact and plan to challenge them legally.

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Reassessment Invalid for Denial of Effective Hearing Under Section 148A: HC

Dalmia Bharat Sugar and Industries Faces Rs 42.54 Crore Income Tax Additions; Plans to Appeal

Pfizer Faces RS 85.7 Crore Income Tax Blow, Vows Strong Legal Fight Amid Income Tax Scrutiny

HC Deletes 153A Additions Without Incriminating Material in Search

Section 13 Applicability Deferred to Assessment Stage, Revenue Appeal Dismissed

IIFL Subsidiaries Receive Income Tax demand worth Rs 56 Crore; Company Confident of Legal Stand