Judgement

Court finds valid “reasons to believe” under Section 132 of the Income Tax Act; rejects challenge to search and seizure of jewellery and bullion.

High Court Rejects Writ Against IT Dept.; Search on Lockers Worth Rs. 4.6 Cr Upheld

Tribunal follows jurisdictional High Court rulings and family members’ cases; holds transactions genuine, exempts capital gains under Section 10(38)

ITAT Mumbai: Assessee Gets Relief; Bogus LTCG Addition on Penny Stock Deleted

Court finds no merit in challenge to reassessment; holds that AO is entitled to scrutinize suspected bogus insurance commission transaction.

Delhi HC: AO Free to Scrutinize Genuineness of Rs. 82 Lakh Brokerage Transaction under Section 148

Articles

A practical guide for charitable trusts to respond to CPC bulk adjustments and safeguard Section 11/12 exemptions for AY 2024-25.

CPC Sent Bulk Communications to Trusts u/s 12A Regarding Exemption Denial AY 2024-25

News

Income Tax raids in Ahmedabad uncover Rs. 4,000 crore in black money from 11 political parties involved in money laundering and tax evasion.

IT Raids Expose Rs. 4,000 Crore Black Money in 11 Political Parties; ADR Flags Massive Money Laundering

High Court sets aside reassessment notice under Section 148 for AY 2017-18; holds reasons were vague and based on borrowed satisfaction without independent application of mind.

Explore Our Blogs

High Court Rejects Writ Against IT Dept.; Search on Lockers Worth Rs. 4.6 Cr Upheld

ITAT Mumbai: Assessee Gets Relief; Bogus LTCG Addition on Penny Stock Deleted

Delhi HC: AO Free to Scrutinize Genuineness of Rs. 82 Lakh Brokerage Transaction under Section 148

CPC Sent Bulk Communications to Trusts u/s 12A Regarding Exemption Denial AY 2024-25

IT Raids Expose Rs. 4,000 Crore Black Money in 11 Political Parties; ADR Flags Massive Money Laundering

No Borrowed Satisfaction: Gujarat HC Strikes Down Notice Issued Under Section 148