Direct Tax
Income Tax Dept. Can’t Proceed Against LRs If Statutorily Prescribed Time Limit Expired As Against Deceased: Karnataka High Court
The Karnataka High Court has held that if the statutorily prescribed time limit has expired as against the deceased himself, as has happened in...
Income Tax Inspector Salary in India – 2025 Update
The role of an Income Tax Inspector in India is not only prestigious but also comes with a lucrative salary package and numerous benefits....
Direct Tax Weekly Flashback: 16 to 22 February 2025
Direct Tax Weekly Flashback for the period 16 to 22 February 2025.Delhi High CourtAssurances Not Evidence Of Nokia OY Using NIPL As Vehicle For...
This Is Why Bombay High Court Quashes Income Tax Reassessment Against Indusind Media
The Bombay High Court has quashed the income tax reassessment against Indusind Media.The bench of Justice M.S. Sonak and Justice Jitendra Jain has observed that...
Cash Deposit Limit In Saving Account As Per Income Tax Act – 2025 Updates
In India, the Income Tax Act governs various financial transactions, including cash deposits in banks. Understanding the cash deposit limit is crucial for individuals...
Bombay High Court Quashes Income Tax Advisory Denying BCCI Tax Exemption, Cancelling Registration
In a significant relief for the Board of Control for Cricket in India (BCCI), the Bombay High Court has set aside an Income Tax...
Delhi High Court Quashes Reassessment Proceedings Against Maruti Suzuki
The Delhi High Court has quashed reassessment proceedings against Maruti Suzuki.The bench of Justice Yashwant Varma and Justice Ravinder Dudeja has observed that it...
Assurances Not Evidence Of Nokia OY Using NIPL As Vehicle For Its Own Enterprise: Delhi High Court
The Delhi High Court has held that assurances were clearly not liable to be viewed as being evidence of Nokia OY using Nokia India...