Read all Latest Updates on and about Income Tax Authorities

Top

Begin typing your search above and press return to search.

Home
»
Income Tax Authorities

Cracking the ICAI Tax Papers: Your Preparation Guide for 2025

Thahani Fathima T V

The Institute of Chartered Accountants of India (ICAI) is a statutory body responsible for regulating the profession of Chartered Accountancy (CA)...

Income Tax Authorities Must Consider Genuine Extension Requests: Madras HC Sets aside Order Passed...

Supreme Court Directs Courts & SRO to report Suits / Deeds of Cash Transaction Above ₹2 Lakh to...

How to Track Your Credit History - Track Credit History - Credit History - PAN Card Via CIBIL - Equifax - PAN Card - taxscan

How to Track Your Credit History Using Your PAN Card Via CIBIL, Experian, Equifax, and Others

₹278.67 Crore Addition on Ex-Andhra CM Y.S. Jagan Mohan Reddy Scrapped by ITAT Over Insufficient...

Quantity of Jewellery under Limit prescribed by Circular: ITAT directs Deletion of S.69B Income Tax Addition [Read Order]

In a significant ruling, the Income Tax Appellate Tribunal (ITAT), Bangalore bench, has directed the deletion of an addition made under Section 69B of the Income Tax Act concerning seized jewellery....

No Violation of Fundamental or Statutory Rights: Delhi HC Rejects Husband’s Request to Inquest ₹2 Crore Income Tax Discrepancy by Wife’s Kin [Read Order]

The Delhi High Court has dismissed a writ petition filed by a husband seeking an inquiry by the Income Tax Department into an alleged ₹2 crore cash transaction and other financial dealings by his...

Income Tax Authorities Penalize Torrent Pharmaceuticals with ₹2.3 Crore

On November 28, Torrent Pharmaceuticals Limited, one of India’s prominent pharmaceutical companies announced that the Income Tax Department had imposed a penalty of Rs. 2.31 crore. The fine was...

Income Tax Authorities can Seek Interim Custody of Currency Notes Produced Before Magistrate: Kerala HC [Read Order]

In a recent case, the Court held that in the absence of a valid order of assessment and demand for income-tax, the party from whom the amount is seized, is entitled to seek interim custody. Section...

IT Dept issues Summons to NRIs for Foreign Assets, Residency Status Proof

The Income Tax Department of India has recently escalated its scrutiny of Non-Resident Indians (NRIs) by issuing summons requiring them to disclose details of their foreign assets and prove their...

NRI tax - NRI summons - Foreign assets NRI - NRI residency proof - taxscan

ITAT Allows Depreciation Claim by Purchaser under Income Tax on Excess Amount Paid Over & Above Net Asset Value of Seller's Business [Read Order]

The Bangalore Income Tax Appellate Tribunal ( ITAT ) held that once the department has accepted the capital gain offered by the seller upon transfer of its business, then said transaction cannot be...

Income Tax Raid, No proceedings can be initiated under Prevention of Corruption Act in absence of Material evidence: Karnataka HC [Read Order]

The Karnataka High Court has held that no proceedings can be initiated under Prevention of Corruption Act ( PC ) in the absence of material evidence. The Court found that there is no material...