Judgement

The Delhi High Court granted a complete stay on tax recovery to Cadence Design Systems, ruling that no deposit can be demanded when the Court has already settled the issue in the taxpayer's favour.

ITO Cannot Demand 20% Deposit for Stay when High Court already ruled in Favour of Taxpayer on Same Issue

Srinivasa Rao Bojanki’s writ petition challenged recovery of tax dues without being served the appellate order. The High Court directed authorities to serve the order within six weeks and barred coercive steps for eight weeks after service.

High Court Stops coercive Tax Recovery made without service of Appeal Order

A procedural lapse in filing the audit report in Form 10BB instead of Form 10B cannot, by itself, defeat such substantiative entitlement as held in CITVS Rajasthan and Gujrat Charitable foundation reported at (2018) 14 SCC 348

Procedural lapse in filing Trust's audit report in Form 10BB instead of Form 10B cannot lead to denial of Income Tax Exemption

Procedural lapse in filing audit report cannot lead to denial of Income Tax Exemption: High Court

The Court said that since the authorities had not yet taken a final decision on the show cause notices under Section 276C(2) of the Income Tax Act for the assessment year 2024–2025, moving to the Court at this stage was too early.

Punjab & Haryana HC Dismisses Premature Income Tax Petition

News

TVS Srichakra disclosed that its Income Tax demand was reduced from Rs 29.47 crore to Rs 31.1 crore after rectification, with no material impact on its financials, while its appeal against the original order remains pending.

Income Tax Demand of Rs. 29.47 Cr of TVS Srichakra Reduced to Rs. 3.11 Cr

IIFL Capital has received an income tax demand of Rs 68.07 crore from the Joint Commissioner of Income Tax, Mumbai, for the period between April 2018 and March 2025 under the Income Tax Act, 1961.

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ITO Cannot Demand 20% Deposit for Stay when High Court already ruled in Favour of Taxpayer on Same Issue

High Court Stops coercive Tax Recovery made without service of Appeal Order

Procedural lapse in filing audit report cannot lead to denial of Income Tax Exemption: High Court

Punjab & Haryana HC Dismisses Premature Income Tax Petition

Income Tax Demand of Rs. 29.47 Cr of TVS Srichakra Reduced to Rs. 3.11 Cr

IIFL Capital Receives Rs 68.07 Crore Income Tax Demand