Articles

The Income Tax Department Using AI to track Flag High-Value Transactions and Filter out PANs involved in wrongful claims and identify patterns in filing of tax returns.

IT Dept to track PANs involved in wrongful claims

News

Firstcry informs NSE and BSE that the Bombay High Court has set aside notices received by them from the Income Tax Department.

Bombay HC Sets Aside Income Tax Show Cause Notices Issued u/s 148 to Firstcry

Judgement

HC quashes Income Tax reassessment and penalty against Shraddha Developers due to notices sent to an incorrect email, violating principles of natural justice.

Gujarat High Court Quashes Income Tax Reassessment Under Section 147 for Wrong Email Service

The Gujarat High Court has quashed and set aside the impugned notice under Section 148 of the Income Tax Act 1961.

Income Tax: HC Quashes Section 148 Reassessment Notice Post-IBC Resolution; Holds Tax Dues Extinguished Upon Plan Approval

Supreme Court ruled that Hyatt International has a Fixed Place Permanent Establishment in India under the Indo-UAE DTAA, making SOSA fees taxable.

Income Tax: Supreme Court Holds Hyatt has Fixed Place PE in India; SOSA Fees Taxable

Filing the wrong ITR could be a costly mistake, as it can attract notices and penalties from the Income Tax Department.

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IT Dept to track PANs involved in wrongful claims

Bombay HC Sets Aside Income Tax Show Cause Notices Issued u/s 148 to Firstcry

Gujarat High Court Quashes Income Tax Reassessment Under Section 147 for Wrong Email Service

Income Tax: HC Quashes Section 148 Reassessment Notice Post-IBC Resolution; Holds Tax Dues Extinguished Upon Plan Approval

Income Tax: Supreme Court Holds Hyatt has Fixed Place PE in India; SOSA Fees Taxable

Selected Wrong ITR? Know How to Correct it to Avoid Penalty