This annual round-up analytically summarizes the key Direct and Indirect Tax Judgments of the Supreme Court and all High Courts of India reported at Taxscan.in during 2024. Change of Opinion is not reason to believe

The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) remanded the matter to the Commissioner of Income Tax (Appeals) [CIT(A)] for fresh adjudication due to the denial of a personal hearing to the

The National Company Law Tribunal (NCLT) of  Bengaluru bench has held that all claims including subject matter of ongoing arbitration proceedings will stand extinguished after the approval of the Resolution Plan under Insolvency Bankruptcy Code

In a significant move, the Appointments Committee of the Cabinet ( ACC ) has approved the appointment of Shri Sanjay Malhotra as the new Governor for the Reserve Bank of India ( RBI ). This

In a recent ruling, the Madras High Court set aside the assessment order in a GST dispute and granted the petitioner a final opportunity to deposit 10% of the disputed tax within four weeks. The

In a ruling in favour of Union Bank of India (UBI), the New Delhi bench of the National Company Law Appellate Tribunal (NCLAT) has held that  date of declaration of the loan account/ debt as

Unexplained cash deposits have been a focal point of scrutiny in the Indian income tax framework. Section 69A of the Income Tax Act, 1961, is a crucial provision empowering tax authorities to tax unaccounted assets,

The Joint Commissioner (Appeals), being the First Appellate Authority of Goods and Services Tax (GST) matters recently deleted demands and penalties observing the retrospective applicability of Section 16(5) of the Central Goods and Services Tax

This weekly round-up analytically summarizes the key stories related to the Income Tax Appellate Tribunal ( ITAT ) reported at Taxscan from 30 November 2024 to 6 December 2024. ITAT Remands Case to CIT(A) for

This weekly round-up analytically summarizes the key stories related to the Supreme Court and High Court reported at Taxscan.in during the previous week 30th November 2024 to 6th December 2024. Enormous Delay of 1788 Days

In a recent ruling, the Income Tax Appellate Tribunal ( ITAT ), Delhi Bench, quashed the reassessment order against an assessee noting that the assessment was reopened by the Revenue without mandatory application of mind.

Q1. What is Peer-to-Peer (P2P) lending? P2P lending is a form of online lending where individuals can directly lend money to borrowers through a platform without involving traditional financial institutions. Platforms like **Faircent**, **Lendbox**, and

The Ahmedabad Bench of Income Tax Appellate Tribunal(ITAT) ruled that reopening of assessments under Section 153A of the Income Tax Act,1961 is not permitted without incriminating material. JMC Projects,appellant-assessee,company involved in civil construction and infrastructure

Newly elected U.S. President Donald Trump has issued a strong warning to the BRICS group of nations, threatening to impose 100% tariffs on their exports if they reduce reliance on the U.S. dollar in global

In a recent ruling, the Madras High Court quashed the arbitrary property tax revision and upheld principles of natural justice. In this case, the assessee has filed the writ petition challenging the order of the