Judgement

HC refuses to entertain writ against penalty order; directs adjustment of earlier deposit of Rs. 3,00,000 towards the statutory pre-deposit

High Court Directs Adjustment of Pre-Deposit, Dismisses Writ on Alternate Remedy

Court finds valid “reasons to believe” under Section 132 of the Income Tax Act; rejects challenge to search and seizure of jewellery and bullion.

Tribunal follows jurisdictional High Court rulings and family members’ cases; holds transactions genuine, exempts capital gains under Section 10(38)

Court finds no merit in challenge to reassessment; holds that AO is entitled to scrutinize suspected bogus insurance commission transaction.

A practical guide for charitable trusts to respond to CPC bulk adjustments and safeguard Section 11/12 exemptions for AY 2024-25.

Income Tax raids in Ahmedabad uncover Rs. 4,000 crore in black money from 11 political parties involved in money laundering and tax evasion.