Direct Tax
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 Bank As Per Income Tax Act
Cash Deposit Limit in Bank as per Income Tax Act: Complete Guide for 2024In India, the Income Tax Act governs various financial transactions, including...
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...
Pre-Deposit For Income Tax Appeal
In a move to ease the financial burden on businesses and improve cash flow, tax experts are urging the government to relax the pre-deposit...
Reassessment Can’t Be Invoked On The Basis Of Search Action: Bombay High Court
The Bombay High Court has held that the reassessment cannot be invoked on the basis of search action.The bench of Justice G. S. Kulkarni...
New Income Tax Rules For Salaried Employees – TDS, Form 16, and Tax Slabs Updated
The Central Board of Direct Taxes (CBDT) has issued Circular No. 03/2025, dated February 20, 2025 notifying the income-tax deduction from salaries during the...