Suppression of income by CM and TVK chief C Joseph Vijay: Madras HC allows withdrawal of plea for Income Tax probe
The Madras High Court on Tuesday permitted the withdrawal of a petition seeking a probe into alleged income suppression by […]
Income Tax Case Update
Income Tax department to move Supreme Court against HC relief in public trust row
The squabble between India’s public trusts and tax authorities is about to boil over to the Supreme Court (SC). The
‘Nil income’ claim vs Rs 4.5 lakh ITR: Court sets aside wife’s maintenance over income tax
Income tax returns became the deciding factor in a maintenance battle before the Allahabad High Court, which set aside a family court order granting Rs 8,000
‘Tax returns not sole basis’: Madhya Pradesh High Court hikes techie death payout by over 300% to Rs 1.42 crore
Madhya Pradesh High Court news: Holding that salary slips and employment records cannot be brushed aside merely because taxable income
Supreme Court order turns up tax heat on old benami transactions
Old ‘benami’ deals — where housekeepers, chauffeurs, and nondescript persons with no wherewithal act as fronts to hold land, cash,
Highly qualified, not dependent: Allahabad High Court denies maintenance to doctor wife whose tax records showed Rs 31 lakh annual income
The Allahabad High Court has reaffirmed a critical principle in matrimonial law that maintenance is not a relief to encourage
Company’s income not taxable in shareholders’ hands: HC
The Delhi High Court has ruled that shareholders, even if they hold 100% equity, own only shares and not the company’s assets,
Delhi High Court says share buybacks aren’t income, offers big tax relief to companies
In a major relief for India Inc, particularly for companies that rely on buybacks as a legitimate capital allocation strategy,
Income tax department moves SC in Genpact tax case
The income tax department has moved the Supreme Court challenging a Delhi High Court decision that refused reopening of Genpact
Supreme Court Declines Revenue Appeal In DLF Tax Dispute Over Rs 80.66 Crore Disallowance
The Supreme Court dismissed a Special Leave Petition filed by the Revenue against DLF Home Developers Ltd., bringing an end
