Articles

ED conducted searches at multiple locations in Maharashtra in a money laundering case against self-styled godman Ashok Kharat and linked entities, officials said.

ED Maharashtra Cracks Down on Ashok Kharat in Money Laundering Case; Conducts Raids at Several Locations

Judgement

High Court examines legality of distributing ITC through cross-charging instead of ISD mechanism

Distribution of ITC through ISD is not mandatory before April 2025 Amendment

The Tribunal held that mechanical reopening does not meet the requirement of "reason to believe" as per section 147 of the Income Tax Act.

Reopening Without Independent Verification by AO is Bad in Law: ITAT

Reopening Income Tax case without Independent Verification by AO is Bad in Law: ITAT

News

General Insurance Corporation of India receives Rs 350.47 crore tax demand, plans to appeal before NFAC

General Insurance Corporation of India Faces Rs 350.47 Crore Income Tax Demand

ITAT ruled that a mere technical error in reporting a foreign contribution under the wrong ITR schedule cannot justify its addition as taxable income.

ITAT: Wrong Schedule Entry in ITR Does Not Justify Addition of Foreign Contribution

The Telangana HC quashes the reassessment, holding the reopening invalid without fresh tangible material beyond the original scrutiny.

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ED Maharashtra Cracks Down on Ashok Kharat in Money Laundering Case; Conducts Raids at Several Locations

Distribution of ITC through ISD is not mandatory before April 2025 Amendment

Reopening Income Tax case without Independent Verification by AO is Bad in Law: ITAT

General Insurance Corporation of India Faces Rs 350.47 Crore Income Tax Demand

ITAT: Wrong Schedule Entry in ITR Does Not Justify Addition of Foreign Contribution

HC Sets Aside Section 148 Notice for Lack of Fresh Evidence