Judgement

ITAT restored Section 11 exemption, holding that denial based on late Form 10B filing without granting a hearing was invalid and violated principles of natural justice.

ITAT Quashes Rectification Order, Restores Section 11 Exemption Over Late Form 10B Filing

News

The CBDT has granted income tax exemption to Haryana’s District Legal Services Authority, aiming to support legal aid services and reduce financial burden.

CBDT Confers Income Tax Exemption Status to Haryana District Legal Services Authority

A regulatory disclosure was issued by Federal Bank regarding an income tax refund received following an ITAT order, detailing background, recalculation, refund amount, interest, and compliance with SEBI regulations.

Federal Bank Limited Gets Rs 322.63 Crore Income Tax Refund For AY 2016-17

A Central Bureau of Investigation court in Chennai convicted seven accused, sentencing them to four years' imprisonment after fake income tax refunds caused a Rs 2.38 crore loss between 2015 and 2019 due to fraud.

CBI Court Convicts Seven Individuals, Including Police Inspector, in Income Tax Refund Fraud

The ITAT held that the assessee had discharged its onus of explaining the expenses, and therefore, the additions are invalid.

ITAT Allows Sub-Contract Expenses as Company Files Sufficient Evidence

ITAT quashed the assessment proceedings, holding that failure to issue a mandatory draft assessment order under Section 144C invalidates the entire assessment.

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ITAT Quashes Rectification Order, Restores Section 11 Exemption Over Late Form 10B Filing

CBDT Confers Income Tax Exemption Status to Haryana District Legal Services Authority

Federal Bank Limited Gets Rs 322.63 Crore Income Tax Refund For AY 2016-17

CBI Court Convicts Seven Individuals, Including Police Inspector, in Income Tax Refund Fraud

ITAT Allows Sub-Contract Expenses as Company Files Sufficient Evidence

ITAT Quashes Assessment for Breach of Section 144C: Draft Order Mandatory in Transfer Pricing Cases