Judgement

Tax Authorities Cannot Reach Back More Than a Decade for Search-Related Assessments

High Court Quashes Income Tax Notices Issued Beyond 10-Year Limit Under Section 153C

News

After the appellate order dated February 23, 2026, the company's management believes the demand will be reduced to Rs 6.11 crore by the assessing officer.

Sharda Motor Industries Gets Major Tax Relief; Tax Demand Likely to Drop 

HC sets aside an income tax reopening notice as the department failed to prove a direct link between the petitioner and alleged cash transactions

High Court Quashes Reopening of Assessment Based on Conjectures and Unverified Search Material

The department has urged the individuals to inform the department in case they have information regarding the possession or movement of huge amounts of cash, jewelry, etc.

Income Tax Dept Sets Up 24-Hour Control Room to Monitor Election Spending in Tamil Nadu and Puducherry

The ITAT directed the AO to delete the addition, holding that the assessee had sufficiently proved the genuineness of the purchases.

ITAT Ahmedabad Deletes Alleged Bogus Purchase Addition Due to Proper Evidence Submission

The ITAT Bangalore deletes major additions on unsecured loans, interest, and salary expenses while remanding Rs. 44.71 lakh for fresh verification.

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High Court Quashes Income Tax Notices Issued Beyond 10-Year Limit Under Section 153C

Sharda Motor Industries Gets Major Tax Relief; Tax Demand Likely to Drop

High Court Quashes Reopening of Assessment Based on Conjectures and Unverified Search Material

Income Tax Dept Sets Up 24-Hour Control Room to Monitor Election Spending in Tamil Nadu and Puducherry

ITAT Ahmedabad Deletes Alleged Bogus Purchase Addition Due to Proper Evidence Submission

ITAT Faults CIT(A)/NFAC for Lack of Reasoning; Deletes Major Additions, Remands Rs. 44.71 Lakh Loan Issue