Direct Tax
AO’s Order Can’t Be Treated As Prejudicial To Interest Of Revenue When Permissible In Law: ITAT
The Rajkot Bench of Income Tax Appellate Tribunal (ITAT) has held that the order passed by the Assessing Officer (AO) cannot be treated as...
Bombay High Court To Finally Dispose Of PIL Challenging Denial Of S. 87A Rebate For A.Y. 2024-25 Tomorrow
The Bombay High Court has adjourned the final disposal of PIL challenging denial of Rebate under Section 87A of the Income Tax Act For...
Bombay High Court Directs Income Tax Dept. Compute Tax At The Rate Of 100% And Not 125% In ‘Non-Search’ Case
The Bombay High Court has directed the income tax department to compute the tax at the rate of 100% and not 125% in ‘non-search’...
Delhi High Court Quashes Reassessment Notice Issued To Dead Person
The Delhi High Court has quashed a reassessment notice issued to dead person.The bench of Justice Yashwant Varma and Justice Dharmesh Sharma has observed...
Public Holidays Excluded From Seven Days Time Period To File To Reassessment Notice Reply : Delhi High Court
The Delhi High Court has held that public holidays are excluded from the seven days time period to file a reassessment notice reply.The bench...
Tax Consequences Of Credit Card Bill Payment In Cash
As per the Central Board of Direct Taxes (CBDT) the payments made in cash towards credit card dues of an amount of Rs 1...
Faceless Assessment Officer And Jurisdictional Assessment Officer Have Concurrent Jurisdiction In Issuance Of Reassessment Notice: Madras High Court
The Madras High Court has held that the faceless assessment officer and jurisdictional assessment officer have concurrent jurisdiction for issuance of reassessment notice.The bench...
No provision Under DTVSV Act Empowering Designated Authority To Reopen Concluded Settlement : Delhi High Court
The Delhi High Court has held that there is no provision under Direct Tax Vivad Se Vishwas Act, 2020 (DTVSV Act) empowering designated authority...