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Director Alone Cannot be prosecuted under Income Tax Act for Transferring Company assets to Daughter in law without consideration: Delhi HC [Read Order]

Yogitha S Yogesh

In a recent case, the Delhi High Court has held that the director alone cannot be prosecuted under Income Tax Act, 1961, for transferring company...

Items Reportable in Tax Audit Report & Key Clauses of Form 3CD [Checklist Here]

No Maintenance Case Pending: CIC Rejects Husband’s Plea for Disclosure of Wife’s Income Records...

CIC Allows Wife Access to Husband’s Gross Income Details for Maintenance Proceedings, Subject to...

ITAT Dismisses Income Tax Department's Case for Having Tax Effect Less Than ₹60,00,000: Notes...

RTI filed Seeking Request for Wife’s PAN and ITRs: CIC dismisses Complaint u/s 18, says no No Mala Fide Delay in RTI Reply [Read Order]

The Central Information Commission (CIC) has dismissed a complaint filed under Section 18 of the RTI Act, 2005, wherein the applicant sought copies of his wife’s PAN application, Income Tax Returns...

Voluminous Cash Book Upload Demand by CIT(A): Kerala HC Refers Matter to Local Verification Unit for Physical Verification [Read Order]

In a recent ruling, the Kerala High Court has directed the National Faceless Assessment Centre (NFA) to refer the verification of a voluminous cash book to a local Verification Unit, rather than...

Rajasthan HC Slams Revenue for Second Attempt to Transfer Case Despite Earlier Quashing, Calls Action Arbitrary and Unjustified [Read Order]

In a recent ruling, the Rajasthan High Court held that the Revenue’s repeated attempt to transfer a taxpayer’s case under Section 127 of the Income Tax Act, 1961, despite an earlier quashing by the ...

ITAT gives Relief to Widow, Says Order in Dead Husband's Name can be Fixed [Read Order]

The Income Tax Appellate Tribunal (ITAT) Ahmedabad Bench held that an assessment order passed in the name of a deceased person is not automatically void. The tribunal decided that such an error is a...

Inside India’s Legendary Tax Raid that Inspired Ajay Devgn’s "Raid" Movie

Introduction On the morning of July 16, 1981, India witnessed one of the most significant income tax raids in its history. The target was none other than Sardar Inder Singh, a pioneering ...

Undisclosed Jewellery & Diary Expenses: ITAT Sets Aside Additions, Holds Family Inheritance and Household Withdrawals Sufficient to Explain Sources [Read Order]

The Jaipur bench of the Income Tax Appellate Tribunal (ITAT) had set aside Income Tax additions of ₹41.48L under Section 69A and diary additions under section 69C and upheld the family source...

Failure to Establish Three Essential Ingredients: ITAT upholds Income Tax Addition u/s 68 on Accommodation Entries [Read Order]

The Jaipur Bench of the Income Tax Appellate Tribunal (ITAT) comprising Dr. S. Seethalakshmi (Judicial Member) and Shri Gagan Goyal (Accountant Member) have allowed Revenue’s appeals against an...

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