Judgement

Jalandhar-based hospital succeeds before ITAT after officers fail to show application of mind, Section 147 reassessment and Rs. 25 lakh enhancement struck down.

ITAT Slams "Mechanical" Reassessment: Hospital Wins Relief as PCIT’s Enhancement Also Quashed

Court holds that dividend, bank-deposit interest, and service charges on government-funded loans are NOT “profits derived from long-term finance”

SC: Only Income Directly From Long-Term Finance Qualifies for Section 36(1)(viii) Deduction; NCDC Appeals Rejected

Special Chief Judicial Magistrate, Meerut, Grants Judicial Remand for Accused in Massive CGST Evasion

Online Gaming GST Evasion Scam: Court Sends Accused to Judicial Custody in Rs. 329 Crore Tax Fraud Case

Articles

The tax department is double-checking returns, causing longer processing times for some taxpayers.

Income Tax Refunds Slowdown: What Taxpayers Need to Know

Tribunal condones 102-day delay; holds amended Explanations to Sections 36(1)(va) and 43B apply prospectively and directs deletion of CPC adjustments

ITAT: CPC Cannot Disallow Employees’ PF/ESI Contributions Under Section 143(1)

Tribunal rules multiple residential units bar Section 54F relief; accepts evidence showing cash deposits came from withdrawals, rent and security deposits.

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ITAT Slams "Mechanical" Reassessment: Hospital Wins Relief as PCIT’s Enhancement Also Quashed

SC: Only Income Directly From Long-Term Finance Qualifies for Section 36(1)(viii) Deduction; NCDC Appeals Rejected

Online Gaming GST Evasion Scam: Court Sends Accused to Judicial Custody in Rs. 329 Crore Tax Fraud Case

Income Tax Refunds Slowdown: What Taxpayers Need to Know

ITAT: CPC Cannot Disallow Employees’ PF/ESI Contributions Under Section 143(1)

ITAT disallows Section 54F claim: Multiple Self-Contained Units Constitute Separate Houses