Direct Tax

Income Tax Dept. Mistakes ‘Interest’ For ‘Instrument’: ITAT Deletes ₹2.45 Lakh Addition 

The Bangalore Bench of Income Tax Appellate Tribunal (ITAT) deleted addition of Rs. 2.45 Lakh as the income tax dept. mistakes ‘interest’ for ‘instrument’.The...

ITAT Imposes Cost Of Rs. 500 On Assessee Citing Unexplained Delay In Filing Income Tax Appeal

The Banglore Bench of Income Tax Appellate Tribunal (ITAT) has imposed the cost of Rs. 500 on assessee citing unexplained delay in filing income...

Barcode-Backed Tax Invoice Wrongly Dubbed Bogus By AO: ITAT

The Bangalore bench of Income Tax Appellate Tribunal (ITAT) has held that the Assessing Officer (AO) unjustifiably treated sales as bogus and sham transactions...

Income Tax Department Now Seeking Household Expense Details Under Section 142(1): New Era of Litigation?

The Income Tax Department has taken a stricter stance on verifying taxpayers' household expenditures, issuing notices under Section 142(1) of the Income-tax Act, 1961. The...

CBDT Issues Fresh Guidelines On Risk Management Strategy Implementation

In a significant update, the Central Board of Direct Taxes (CBDT) has released a new Office Memorandum clarifying the procedure for handling tax-related information...

CBDT Notifies Income-Tax (Fifth Amendment) Rules, 2025: Key Changes For Business and Securitisation Trusts

The Central Board of Direct Taxes (CBDT) has introduced the Income-tax (Fifth Amendment) Rules, 2025, bringing significant changes to compliance requirements for business trusts...

Filing Of Bogus Certificates And Notices: Andhra Pradesh High Court Uphold Rejection Of Application Under SVLDRS

The Andhra Pradesh High Court has upheld the decision of the Designated Committee under Sabkha Vishwas (Legacy Dispute Resolution)” Scheme, 2019 (SVLDRS) in rejecting...

Delhi High Court Rejects Husband’s Plea For Tax Probe Into Wife’s Family After Rs. 2 Crore Dowry Demand Allegation

The Delhi High Court has rejected the husband’s plea for tax probe into wife’s family after Rs. 2 crore dowry demand allegation.The bench of...

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