The Delhi High Court has held that ITSC cannot grant immunity from Penalty and Prosecution without True Disclosure under section 254C of Income Tax Act, 1961. The ITSC further went on to grant immunity from the

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 April 13 to April 20 ITAT Directs Readjudication with

The  Mumbai bench  of Income Tax Appellate Tribunal (ITAT)   recently ruled that purchase and sale of shares transactions could not be considered bogus when documentary evidence genuinely established. The assessee Chirag Tejprakash Dangi, herein is

The Central Board of Direct Taxes ( CBDT ) has directed Self-Reporting Organizations ( SROs ) including post offices, bank..etc to submit comprehensive details of high-value transactions conducted during the fiscal year 2022-23 by June

The hospital chain Krishna Institute of Medical Sciences Ltd ( KIMS ) revealed in a regulatory filing on Tuesday that its subsidiary, SPANV Medisearch Lifesciences Private Ltd, has received a demand notice under Section 156

The Kolkata bench of the Income Tax Appellate Tribunal ( ITAT ) has deleted the addition under Section 68 of the Income Tax Act, 1961 after validating the taxpayer's document, affirming the identity and genuineness

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 April 06, 2024 to April 12, 2024. Read More:

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 Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) deleted the addition of 39.7 Lakhs after the proper explanation of sale proceeds of shares through documentary evidence. The assessee filed return of

In a significant ruling the Delhi High Court observed that the income tax addition made towards unsubstantiated share capital is eligible for deduction under Section 80-IC of the Income Tax Act, 1961. he petitioner-assessee impugned

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

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 Delhi bench of the Income Tax Appellate Tribunal( ITAT )has held that addition under section 68 is invalid when the creditworthiness of money was proved by a balance sheet showing legitimate fund transfer to

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) decision to uphold the genuine nature of Sunrise Asian share sales resulted in granting Long Term Capital Gain (LTCG) claims under Section 10(38) of the