News

Snowman Logistics receives a Rs 2,06,56,802 income tax penalty demand for FY24 and plans to challenge the order through an appeal.

Snowman Logistics Receives Rs 2.06 Crore Income Tax Demand for FY24, Plans to Challenge Penalty Order

Judgement

Supreme Court held that CBDT circulars and instructions may bind Income Tax Department officials but cannot dictate how courts interpret the Income Tax Act.

CBDT Circulars and Instructions Cannot Bind Courts on Income Tax Act Interpretation, Holds Supreme Court

Bharat Bijlee Limited has received an income tax demand order of Rs 58,30,903 for the assessment year 2020-21, the company said in a regulatory filing dated October 1, 2026.

Bharat Bijlee Receives Rs 58.3 Lakh Income Tax Demand Over Excess Refund and Interest Re-Computation

Emcure Pharmaceuticals has received multiple orders levying an aggregate penalty amounting to Rs 57.73 crore for the FYs 2014-15 to 2020-21.

Emcure Pharmaceuticals Receives Multiple Income Tax Orders Imposing Rs 57.73 Crore Penalty; Company Evaluates Legal Remedies

The ITAT dismisses revenue appeal on low tax effect in Section 69B read with Section 115BBE dispute.


ITAT Rules CBDT Monetary Limit of Rs.60 Lakh Applies Where Section 115BBE Is Inapplicable to Business Income

The ITAT Delhi held CIT(A) must adjudicate legal and jurisdictional grounds before remanding assessment.


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Snowman Logistics Receives Rs 2.06 Crore Income Tax Demand for FY24, Plans to Challenge Penalty Order

CBDT Circulars and Instructions Cannot Bind Courts on Income Tax Act Interpretation, Holds Supreme Court

Bharat Bijlee Receives Rs 58.3 Lakh Income Tax Demand Over Excess Refund and Interest Re-Computation

Emcure Pharmaceuticals Receives Multiple Income Tax Orders Imposing Rs 57.73 Crore Penalty; Company Evaluates Legal Remedies

ITAT Rules CBDT Monetary Limit of Rs.60 Lakh Applies Where Section 115BBE Is Inapplicable to Business Income

ITAT Delhi Remands Reassessment Appeals to CIT(A) for Failure to Decide Jurisdictional Grounds