The Supreme Court of India has declined to interfere with a Bombay High Court decision in the case of Nusli N. Wadia against the Assistant Commissioner of Income Tax (ACIT), related to a notice issued ...

Physical stay is a key requirement for foreign nationals (excluding OCIs) seeking to acquire immovable property in India. The individual must have been physically present in India for more than 182 ...

Chhattisgarh High Court on Summary Assessment of Debatable Tax Issues; Tax Disallowance on Debatable PF/ESI Deposits Set ...

Ltd., has ruled that cash deposits made during the demonetization period, which are duly recorded in the assessee’s books of account, cannot be treated as unexplained money under Section 69A of the ...

Allahabad High Court has ruled that circulars issued by the Goods and Services Tax (GST) Council are binding on the tax department. The court quashed demand orders issued against Krishna ...

Bombay High Court recently set aside an income tax assessment order and remanded the case back to the assessing officer after the Income Tax Department admitted to a “bonafide error” in not granting a ...

Despite this intimation, the tax department continued to issue notices and subsequently passed a demand order on February 26, 2025, all in the name of the deceased individual. One of the legal heirs, ...

Income Tax Appellate Tribunal (ITAT), Delhi bench, has registered the dismissal of an appeal filed by Flovel Energy Pvt. Ltd. for the assessment year 2017-18. The action was taken by the tribunal ...

The core of the petitioner’s argument before the High Court was that a notice under Section 46 is a prerequisite for initiating assessment proceedings under Section 62. Without this prior notice and ...

Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench, has set aside orders from the Commissioner of Income Tax (Exemption) [CIT (E)] that had rejected applications for registration under Section 12A ...

The Commissioner (Appeals) had dismissed the company’s appeal (Appeal No. 212 of 2024) on the sole ground that the mandatory pre-deposit required under Section 107 of the Central Goods and Services ...

Delhi High Court has dismissed an appeal filed by the Principal Commissioner of Income Tax (PCIT) against an order of the Income Tax Appellate Tribunal (ITAT) concerning the assessment of Punjab & ...