News

IT Department conducted a Search and Seizure operation on a group involved in the manufacture and distribution of country liquor, grain-based alcohol etc.

IT Department conducts search operations in Odisha, Jharkhand and West Bengal

Judgement

The Income Tax Appellate Tribunal (ITAT Mumbai) has given relief to taxpayers in the case where the CA has not updated the Email ID on the income tax portal.

CA not updated Email ID on income tax portal: ITAT gives relief to taxpayer

Polycab India shares fell shortly after news of IT dept is conducting raids at 50 Polycab outlets across India.

Polycab India shares fall after news of Income Tax raids at 50 locations

Notifications

The Central Board of Direct Taxes (CBDT) has amended the definition of intra-group loans for Safe Harbour via issuing a Notification.

CBDT amends definition of intra-group loans for Safe Harbour [Read Notification]

The Chhattisgarh HC ordered that capital gain exemption u/s 54B is not allowed if land is purchased in the name of wife.

Capital Gain Exemption u/s 54B not allowed if land is purchased in name of wife [Read Judgement]

The government stated via notification that the Cabinet Appointments Committee has approved the appointment of 18 Judicial Members and 22 Accountant Members to ITAT.

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IT Department conducts search operations in Odisha, Jharkhand and West Bengal

CA not updated Email ID on income tax portal: ITAT gives relief to taxpayer

Polycab India shares fall after news of Income Tax raids at 50 locations

CBDT amends definition of intra-group loans for Safe Harbour [Read Notification]

Capital Gain Exemption u/s 54B not allowed if land is purchased in name of wife [Read Judgement]

ITAT appoints 40 New Members including 18 Judicial and 22 Accounts Members