Direct Tax
Assessment Can’t Be Reopened Merely On The Basis Of Information By Investigation Wing : ITAT
The Delhi bench of Income Tax Appellate Tribunal (ITAT) has held that assessment cannot be reopened merely on the basis of information by the...
TDS Is Deductible On Salaries Of Nuns And Priests Working In Aided Schools: Supreme Court
The Supreme Court while upholding the decision of Madras High Court has held that under Income Tax Act TDS is deductible on salaries of...
Direct Tax Weekly Flashback: 3 November To 9 November 2024
Direct Tax Weekly Flashback for the period 3 November To 9 November 2024.
Punjab and Haryana High Court - Direct Tax Weekly FlashbackFamily Settlement Not...
AO To Spell Out Reasons As To What Was To Be Disclosed Before Initiating Reassessment Under Section 147 : Delhi High Court
The Delhi High Court has held that the (Assessing Officer) AO to spell out reasons as to what was to be disclosed before initiating...
Delhi High Court Quashed Reassessment Notice Beyond 10 Years Block PeriodÂ
The Delhi High Court has quashed the reassessment notice citing it to be beyond 10 years block period.
The bench of Justice Vibhu Bakhru and...
Bombay High Court Condones Delay In Filing ITR By A Doctor On Covid Duty
The Bombay High Court has condoned the delay in filing ITR (Income Tax Return) by a doctor on covid duty.
The bench of Justice...
Family Settlement Not Required To Be Registered For Computing Capital Gains: Punjab & Haryana High Court
The Punjab & Haryana High Court has held that family settlement is not required to be registered for computing capital gains.
The bench of Justice...
Excise Duty Exemption Is A Capital Receipt, Not Taxable Under Income Tax Act: Jammu & Kashmir And Ladakh High Court
The Jammu & Kashmir And Ladakh High Court has held that excise duty exemption is a capital receipt and not taxable under Income Tax...