The Delhi High Court has recently dismissed a petition by P C Financial Services Private Limited observing that the provisional attachment order has expired. Recently, the Reserve Bank of India (RBI) has cancelled the certificate

In a major relief to Rolls Royce Industrial Power India Ltd, Justices S Muralidhar and Chander Sekhar held that S. 147/148 reassessment has to be based on "fresh material". In the opinion of the bench,

The Income Tax Appellate Tribunal, Delhi Bech “C” quashes the order of reassessment passed on grounds of incorrect facts, non-application of mind and failure to furnish reasons to the assessee. In the appeal preferred by

In a recent case, the Delhi High Court reassessment proceedings under section 153 A of the Income Tax Act, 1961 cannot be triggered in the absence of incriminating material. The appellant/revenue, seeking condonation of delay

The Income Tax Appellate Tribunal, Delhi bench has held that the Land Acquisition Office is not liable to pay TDS under section 194A of the Income Tax Act, 1961 on the payment of Interest to

The New Delhi bench of the Income Tax Appellate Tribunal recently declared that deposit made by subscriber of Inter Corporate Deposit, issued by company on fixed rate of interest, cannot be treated as loan. A

While upholding an order of revision, the Income Tax Appellate Tribunal, Kolkata bench recently held that non-initiation of penalty proceedings in the order of assessment would amount to error causing prejudice to the interest of

The Delhi Bench of the Income Tax Appellate Tribunal held that deduction allowed under Sec. 80-IA of Income Tax Act had to be reduced from the profits for computing deduction under Sec. 80HHC of Income

The Indore Bench of the Income Tax Appellate Tribunal directed the Assessing Officer to re-examine the additions made for years in respect of which assessments were completed, as well as an addition made on the

In a significant ruling on the Interest on enhanced compensation for land acquisition, the Delhi bench of the Income Tax Appellate Tribunal has held that addition will not sustain even if TDS was deducted. The

While upholding the deletion of addition made on the deemed dividend by the CIT(A) Delhi bench of Income Tax Appellate Tribunal held that deemed dividend u/s 2(22)(e) of Income Tax Act, 1961 is not applicable

The Income Tax Appellate Tribunal (Delhi), while considering an appeal filed by the ICMAI Registered Valuers Organisation, asked the income tax department to re-consider the application to allow registration under section 12AA of the Income

The Delhi bench of the Income Tax Appellate Tribunal, on Wednesday rejected a revised return filed by a practicing Chartered Accountant claiming Trading Business as the source of cash deposits made with various bank accounts.

In a ruling against Mannat international, the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Delhi principal bench has held that explanation given on the ground of illness for the condonation on appeal will not