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Bombay HC Condones 447-Day Delay by Income Tax Dept in Filing Appeal Against Acquittal in Tax Evasion Case {Read Order]

Kavi Priya

In a recent ruling, the Bombay High Court condoned a delay of 447 days by the Income Tax Department in filing an appeal against the acquittal of an...

Court’s Orders Continue to Apply In areas not Legislatively Addressed: Delhi HC Affirms 180-Day PMLA...

Google Tax Explained: Understanding Equalisation Levy on Digital Transactions as Google Turns 27

ITAT Deletes Cash Deposit Addition of ₹25.25 Lakh for Illiterate Agriculturist accepting Them as Own...

NCLT Admits Application of IDBI Bank u/s 7 of IBC as Corporate Debtor Acknowlegdes OTS on Due Debt...

Union of India vs. Rajeev Bansal: Supreme Court on Reassessment Limits and TOLA Extensions

In the world of tax litigation, some cases quietly resolve at the assessment desk itself, while others travel through layers of appeals before fading into the archives. But once in a while, a...

Adar Poonawalla eyes Billion-Dollar Capital Raise to Boost NBFC Operations: Serum Institute CEO Speaks

Adar Poonawalla, CEO of Serum Institute of India and Chairman of Poonawalla Fincorp, in an exclusive interview with Siddharth Zarabi of Business Today, has confirmed that the Poonawalla Group is...

NBFC - Serum Institute CEO Speaks - Capital Raise to Boost NBFC Operations - taxscan

5 Hearings Missed including one During Covid Period: ITAT Grants Another Chance, Restores Matter to CIT(A) [Read Order]

The Pune Bench of the Income Tax Appellate Tribunal (ITAT) granted relief to assessee who missed 5 hearings including one scheduled during covid period. The matter was restored to the Commissioner of...

Cause of Delay should be Considered rather than Length of Delay for Condonation: ITAT Remands 44AB Penalty Issue for Reconsideration [Read Order]

The Cochin Bench of the Income Tax Appellate Tribunal (ITAT) remanded section 44AB Penalty issue for reconsideration holding that cause of delay should be considered rather than length of delay for...

Relief for Zee Entertainment: NCLAT Dismisses IDBI’s Insolvency Plea Citing S.10A COVID-Time Default Protection [Read Order]

The New Delhi Bench of the National Company Law Appellate Tribunal (NCLAT) ruled that an insolvency application filed by IDBI Bank Limited against Zee Entertainment Enterprises Ltd. (ZEE) was not...

ITAT Condones Delay of 107 Days in Filing Appeal Due to Assessee's Health Issues and Covid-19 Pandemic [Read Order]

In a significant ruling, the Income Tax Appellate Tribunal (ITAT), Rajkot Bench, has condoned a delay of 107 days in filing an appeal by an assessee, Divyesh Devabhai Pampania, citing health...

Property tax Assessment Receipts does not Necessarily Imply right to property: Bombay HC [Read Order]

In a recent ruling of Bombay High Court it was clarified that receipts for property tax assessment do not necessarily indicate ownership rights to the property. The petitioner Ashwini Arvind...