Direct Tax
S. 9C Bogus Purchase Fully Disallowed: Bombay High Court
The Bombay High Court has held that the bogus purchase under Section 9C of the Income Tax is fully disallowed.The bench of Justice M....
Income Tax Dept. Starts Investigation Against Unlisted Share Deals and Tax Evasion In OFS Transactions
The Income Tax (I-T) Department has launched a large-scale investigation into potential tax evasion linked to unlisted share transactions and Offer for Sale (OFS)...
PRIVACY UNDER THREAT | Income Tax Dept. May Access Digital Accounts
Reportedly, a groundbreaking amendment to India’s Income Tax laws is set to take effect from April 1, 2026, granting tax authorities sweeping powers to...
Income Tax Addition Made On Estimation Against, No Penalty Is Leviable: ITAT
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) has held that no penalty is leviable on the assessee, when the addition on account...
Advocate Can’t Be Blamed For Delay Of 2655 Days In Filing Appeal, Mere Handing Over Appeal Papers Is Not Enough: ITAT
The Kolkata Bench of Income Tax Appellate Tribunal (ITAT) has held that the advocates, and Chartered Accountants (CA) cannot be blamed for delay of...
Faceless Assessment | Delhi High Court Expresses Concern Over Pending Appeals Before NFAC, Urges Expedited Disposal
The Delhi High Court has expressed the Concern over pending appeals before National Faceless Appeal Centre (NFAC) and urges expedited disposal.The bench of Chief...
Interest Payable On Refund Under DTVSV Scheme: Gujarat High Court
The Gujarat High Court has held that the interest is payable on refund under Direct Tax Vivad Se Vishwas Act 2020 (DTVSV Scheme) even...
TDS Threshold Increased From April 2025: Check New Limits
The Budget 2025 proposed to hike the threshold limit of Tax Deducted at Source (TDS) to Rs 10,000 in a financial year (FY). In other...