Judgement

Court clarifies that “information” under Section 148A does not mandate supply of entire material at notice stage

Delhi HC Upholds Validity of Reassessment Notice Despite Limited Disclosure of Material

Repayment of loan within two days and absence of interest not sufficient to brand transactions as bogus, holds High Court

HC Refuses to Interfere with ITAT Order Deleting Section 68 Additions on Loan Transactions

News

The Income Tax Department may use GST data analytics to widen the direct tax base, detect underreported income, and promote voluntary tax compliance through technology-driven nudges.

IT Dept May Soon Use GST System Data to Issue Income Tax Notices

Supreme Court rules that penalty under Section 271D for acceptance of cash loans in violation of Section 269SS is invalid if the Assessing Officer fails to record satisfaction during assessment proceedings

Income Tax Penalty for Cash Loans u/s 271D Cannot Survive Procedural Defect: Supreme Court

The government has clarified the definition of 'accountant' for the purpose of Safe Harbour Rules concerning international transactions under Rules 87 to 93 of the Income Tax Act.

CMAs now included in definition of Accountant for this Income Tax Certification: Know More

CBDT’s challenge fails as Supreme Court refuses to interfere with Telangana High Court ruling on tax exemption framework

Explore Our Blogs

Delhi HC Upholds Validity of Reassessment Notice Despite Limited Disclosure of Material

HC Refuses to Interfere with ITAT Order Deleting Section 68 Additions on Loan Transactions

IT Dept May Soon Use GST System Data to Issue Income Tax Notices

Income Tax Penalty for Cash Loans u/s 271D Cannot Survive Procedural Defect: Supreme Court

CMAs now included in definition of Accountant for this Income Tax Certification: Know More

Supreme Court Upholds HC Direction to Notify State Pollution Control Boards for Income Tax Exemption