Judgement

The ITAT held that a valid Section 153C satisfaction note must clearly establish a direct link between seized material and the determination of taxable income.

ITAT Delhi Quashes 153C Assessments Over Lack of ‘Bearing’ in Satisfaction Note

The Kerala High Court quashed a composite show cause notice covering multiple financial years, holding that separate notices must be issued for each assessment year.

Kerala High Court Quashes Composite Show Cause Notice Covering Multiple Financial Years

News

Fino Payments Bank CEO Rishi Gupta has been granted bail in a GST-related case. The bank clarified that the investigation is not linked to its GST compliance and assured stable operations and continued growth.

Fino Payments Bank CEO Rishi Gupta Gets Bail in GST Case, Bank Clarifies No Direct Link

Supreme Court Refuses to Interfere; Key Issues on Reinsurance, Foreign Payments, MAT Applicability and Section 14A Decided in Favour of Assessee

SC Dismisses Income Tax Department's SLP against Cholamandalam MS General Insurance

Notifications

The CBDT has granted income-tax exemption to the Visakhapatnam SEZ Authority for specified income, subject to certain conditions.

Govt. Notifies Income Tax Relief To Visakhapatnam Special Economic Zone Authority

The CBDT has notified the Varanasi Development Authority for income tax exemption under the Income-tax Act, subject to conditions.

Explore Our Blogs

ITAT Delhi Quashes 153C Assessments Over Lack of ‘Bearing’ in Satisfaction Note

Kerala High Court Quashes Composite Show Cause Notice Covering Multiple Financial Years

Fino Payments Bank CEO Rishi Gupta Gets Bail in GST Case, Bank Clarifies No Direct Link

SC Dismisses Income Tax Department's SLP against Cholamandalam MS General Insurance

Govt. Notifies Income Tax Relief To Visakhapatnam Special Economic Zone Authority

CBDT Grants Tax Exemption to Varanasi Development Authority Under Section 10 of Income-tax Act