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Income tax demand

Income Tax Demands Against Empee Distilleries Extinguished After Approval of Resolution Plan: Madras HC [Read Order]

Advika Dwivedi

The Madras High Court has held that tax demands arising from assessment orders and appellate orders cannot survive once a resolution plan under the...

Challenge on Income Tax Demand Based on assessment u/s 147 Not Maintainable before HC: Orissa HC...

Circular Transactions could be added Substantively Only Once: ITAT quashes Income Tax Demand [Read...

₹5 Crore Income Tax Demand Dropped! CA Praises Faceless Appeal for Hassle & Corruption Free Process

Max Estates’ Subsidiary Receives ₹21.13 Lakh Income Tax Demand Order from NFAC

Bata India Receives Income Tax Demand Over Alleged Under-Reporting of Income

Footwear giant Bata India Limited has disclosed to stock exchanges that it has received an Assessment Order and Demand Notice from the Income Tax Department’s Assessment Unit under Section 156 of the...

Budget 2024-25 announces New Direct Tax Vivad se Vishwas Scheme, 2024 [Read bill]

The Union Budget 2024-25 has been presented in the Parliament by Finance Minister Nirmala Sitharaman with many proposed amendments The Indian government is set to introduce a new Direct Tax Vivad...

Budget 2024 - New Direct Tax - Vivad se Vishwas Scheme - Budget 2024-25 - Nirmala Sitharaman - taxscan

Supreme Court takes up Newsclick's Petition against Income Tax Demand, Issues Notice to Dept [Read Judgement]

The Supreme Court of India, after a long vacation of 50 days, has taken up the petition of Newclick against the income tax demand. The apex court issued notice to the income tax department. A...

Stay Petition against Assessment Order passed under Income Tax Act: Kerala HC directs to consider Delay Condonation Application for filing Appeal [Read Order]

The Kerala High Court directed to consider delay condonation application for filing appeal as the stay petition was filed against the assessment order passed under the Income Tax Act, 1961. ...

Madras HC Instructs CIT(A) to Expedite Appeals of Educational Trust in Rs. 3.98 Crore Income Tax Demand within 6 Months [Read Order]

The Madras High Court instructed the Commissioner of Income Tax (Appeals) [CIT(A)] to expedite the appeals filed by the Educational Trust in Rs. 3.98 crore income tax demand within 6 months. Two...

Delhi HC upholds Income Tax Demand Order u/s 148(A)(d) against Agriculturist for Deposit of Rs. 53.55 Lakhs in Bank Account, directs to pursue Statutory Remedy [Read Order]

The Delhi High Court had upheld the Income Tax Demand Order issued under Section 148(A)(D) of the Income Tax Act, 1961 against an individual for deposit of Rs. 53.55 Lakh in Bank Account. The...

Set Back to Indian National Congress: Delhi HC confirms Recovery of Outstanding Income Tax Demand Over Rs. 100 Crore

The Delhi High Court upheld the Income Tax Appellate Tribunal's ( ITAT ) decision today, confirming the recovery of outstanding income taxes demand exceeding Rs. 100 crores for the assessment year...