SC raps Income Tax Department for filing appeal in decided matter
The Supreme Court on Friday rapped the Income Tax Department for filing an appeal in a matter already decided, saying […]
Income Tax Case Update
Supreme Court Tax Ruling: TDS On Payments To Foreign Firms Cannot Exceed 10% If Tax Treaty Allows It
The Supreme Court has made it clear that Indian companies cannot be forced to deduct more than 10% tax when
Gujarat high court grants relief to 82-year-old woman who failed to file income tax return, sought reassessment
The Gujarat high court granted relief to an 82-year-old woman, Shushila Patel, for her failure to file an income tax
HC ruling protects landowners from tax deductions on highway acquisition compensation
Bengaluru, In a significant relief for landowners affected by compulsory acquisitions, the Karnataka High Court has allowed a writ petition
Madras HC calls crypto ‘property’: Here’s what it means for investors
In a first, the Madras High Court has ruled that cryptocurrency qualifies as “property” under Indian law. The case stemmed
Income tax department withdraws ₹8,500-crore transfer pricing case against Vodafone
In a surprise move, the Income Tax Department withdrew its long-pending ₹8,500-crore transfer pricing case against Vodafone India Services Pvt.
Bombay HC Quashes Income Tax Assessment Over Use of AI-generated Case Laws
The Bombay High Court quashed an income tax assessment after finding that the Assessing Officer relied on non-existent, AI-generated case
Tax claims in India by foreign companies without office or active contracts valid: Supreme Court
Foreign-owned companies can now be treated as carrying on business in India even without active contracts, a physical office, and
TDS mismatch can’t cost you Rs 1 crore: ITAT Mumbai quashes tax demand on Form 26AS
In a significant relief for taxpayers, the Income Tax Appellate Tribunal (ITAT) Mumbai has quashed a Rs 1 crore tax
Delhi HC stays Rs 329 cr tax penalty on Vivo Mobile India, seeks I-T dept response
The Delhi High Court on Thursday stayed the recovery of Rs 329 crore penalty imposed by the income tax department
