The Income Tax Department maintains a vigilant watch over financial activities, utilizing various data sources to ensure tax compliance. Specific transactions can trigger additional scrutiny, especially high-value cash transactions, real estate transactions and high-value credit

SUPREME COURT Services Rendered with Procurement of Goods for Exports are not to be categorised as intermediary services: Supreme Court Dismisses Appeal COMMISSIONER OF G.S.T. AND CENTRAL EXCISE vs M/S SNQS INTERNATIONAL SOCKS PRIVATE LIMITED

The income tax department is preparing to take action against individuals and entities who are required to file tax returns but have failed to do so. Officials have identified 15.2 million such individuals who either

This weekly round-up analytically summarises the key stories of the Supreme Court & High Court cases reported at taxscan.in, from March 30th, 2024 to April 5th, 2024. SUPREME COURT Challenge on Interest under sub-section (1)

This weekly round-up analytically summarizes the key stories related to the Income Tax Appellate Tribunal ( ITAT ) reported at Taxscan.in during the previous week from march 30, 2024 to April 5 Commissioner cannot invoke Revisional

This case digest provides comprehensive coverage of violation cases under the Customs Brokers Licensing Regulations, 2018. These regulations, issued by the central government, are designed to regulate customs brokerage activities within a specific jurisdiction. They

The Kolkata Bench of the Income Tax Appellate Tribunal ( ITAT ) held that the receipts by the taxpayer cannot be added to income for non-compliance of summons under Section 131 of the Income Tax

The Mumbai bench Income Tax Appellate Tribunal ( ITAT ) upheld that transfer pricing adjustment made on purchase consideration paid under the scheme of amalgamation entered with the holding company. The Assessee Dimexon Diamonds Ltd.

The Bangalore bench Income Tax Appellate Tribunal (ITAT), while directing re-adjudication with respect to genuineness of deposit made during demonetisation period held that not every deposit during demonetisation period would not fall under category of

The Deloitte invited applications for the post of Financial Advisory - Transaction Services- FDD- AM. Qualifications CA / CFA (International)  Skills Required CA qualified (ideally first time passes) or equivalent qualification/experience Excellent academic track record Transaction

The two member bench of the Income Tax Appellate Tribunal ( ITAT ) Delhi, observed that chargeability of deemed income between holding and subsidiary contradicts intent of Section 56(2)(viib) of the Income Tax Act, 1961.

This weekly round-up analytically summarizes the key stories related to the Income Tax Appellate Tribunal ( ITAT ) reported at Taxscan.in during the previous week from March 26 to march 30, 2024. Depreciation Claim allowable on Vehicle

This weekly round-up analytically summarises the key stories of the Supreme Court & High Court cases reported at taxscan.in, from  March 23, 2024 to March 30, 2024. SUPREME COURT No Application of S. 71, Customs

The Income Tax Department has uncovered a fraudulent scheme involving the misuse of Permanent Account Numbers (PANs) to falsely claim Housing Rent Allowance (HRA). This discovery has revealed around 8,000 to 10,000 high-value cases, amounting

The Delhi High Court has viewed that the predicate offence has also been regist [Readered under Sections 420 and 120B of the Indian Penal Code, apart from the provisions of the Prevention of Corruption Act.