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...
![Undisclosed Jewellery & Diary Expenses: ITAT Sets Aside Additions, Holds Family Inheritance and Household Withdrawals Sufficient to Explain Sources [Read Order]](https://images.taxscan.in/h-upload/2025/10/04/2093856-itat-jewellery-diary-expense-taxscan.webp "Undisclosed Jewellery & Diary Expenses: ITAT Sets Aside Additions, Holds Family Inheritance and Household Withdrawals Sufficient to Explain Sources [Read Order]")
![Failure to Establish Three Essential Ingredients: ITAT upholds Income Tax Addition u/s 68 on Accommodation Entries [Read Order]](https://images.taxscan.in/h-upload/2025/10/04/2093817-income-tax-addition-share-value-report-share-premium-capital-itat-orders-taxscan.webp "Failure to Establish Three Essential Ingredients: ITAT upholds Income Tax Addition u/s 68 on Accommodation Entries [Read Order]")
![Fully Verifiable Business Transactions: ITAT quashes Higher Income Tax Imposition u/s 115BBE [Read Order]](https://images.taxscan.in/h-upload/2025/10/03/2093407-income-tax-imposition-taxscan.webp "Fully Verifiable Business Transactions: ITAT quashes Higher Income Tax Imposition u/s 115BBE [Read Order]")
![Credit Availed Beyond One Year from Date of Invoice Inadmissible Under Rule 4(1) of Cenvat Credit Rules: CESTAT [Read Order]](https://images.taxscan.in/h-upload/2025/10/03/2093415-cenvat-credit-taxscan.webp "Credit Availed Beyond One Year from Date of Invoice Inadmissible Under Rule 4(1) of Cenvat Credit Rules: CESTAT [Read Order]")
Interest u/s 244A of Income Tax Not Automatically Payable on Court-Ordered Refunds Unless Specifically Directed or Demand is Final: Calcutta HC [Read Order]
In a recent ruling, the Calcutta High Court held that interest under Section 244A of the Income Tax Act is not automatically payable on refunds ordered by the court unless the court specifically...
![Interest u/s 244A of Income Tax Not Automatically Payable on Court-Ordered Refunds Unless Specifically Directed or Demand is Final: Calcutta HC [Read Order]](https://images.taxscan.in/h-upload/2025/10/01/2092951-income-tax-refund-interest.webp "Interest u/s 244A of Income Tax Not Automatically Payable on Court-Ordered Refunds Unless Specifically Directed or Demand is Final: Calcutta HC [Read Order]")
Bombay HC issues Notice to Income Tax Department on Delay in Return of Gold and Silver Ornaments Seized in 2007 [Read Order]
The Nagpur Bench of the Bombay High Court has issued notice to the Income Tax Department in a petition filed by Chaitanya Kochar, seeking return of gold and silver ornaments seized during a search...
![Bombay HC issues Notice to Income Tax Department on Delay in Return of Gold and Silver Ornaments Seized in 2007 [Read Order]](https://images.taxscan.in/h-upload/2025/09/29/2092376-income-tax-department-bombay-hc-issues-notice-taxscan.webp "Bombay HC issues Notice to Income Tax Department on Delay in Return of Gold and Silver Ornaments Seized in 2007 [Read Order]")
Interconnect Service Payments Do Not Constitute “Royalty” Under Income Tax Act: Supreme Court sustains Karnataka HC Decision [Read Order]
The Supreme Court of India recently dismissed a Special Leave Petition filed by the Income Tax Department against the respondent M/s Belgacom International Carrier Services SA (Belgacom), affirming...
![Interconnect Service Payments Do Not Constitute “Royalty” Under Income Tax Act: Supreme Court sustains Karnataka HC Decision [Read Order]](https://images.taxscan.in/h-upload/2025/09/29/2092274-supreme-court-taxscan.webp "Interconnect Service Payments Do Not Constitute “Royalty” Under Income Tax Act: Supreme Court sustains Karnataka HC Decision [Read Order]")
Deadline for Renewal of Charitable Trust Registrations under Sections 12A, 80G, 10(23C) Soon: File Form 10AB with AY 2027-28 Selection
The Income Tax Department has reminded charitable trusts and institutions that the last date for filing renewal applications for registrations granted under Sections 12A, 80G and 10(23C) of the...
‘Income Tax Data Exists for Publicity, Not for Accountability’: RTI Response on ITR Filings Data Sparks Transparency Uproar
A recent Right to Information (RTI) response from the Income Tax Department’s Centralized Processing Centre (CPC) in Bengaluru has triggered widespread debate over data transparency and public ...
Crime of Rs. 210.68 crore under PMLA Act: Patna HC allows Bail considering 12 Months of Custody without conclusion of trial [Read Order]
In a recent case, the Patna High Court allowed the bail for the offence of Rs. 210.68 crore under the Prevention of Money Laundering Act, 2002 (“PMLA Act”) as no prima facie offence is made and the...
![Crime of Rs. 210.68 crore under PMLA Act: Patna HC allows Bail considering 12 Months of Custody without conclusion of trial [Read Order]](https://images.taxscan.in/h-upload/2025/09/25/2090972-crime-pmla-act-pmla-patna-hc-patna-hc-allows-bail-bail-taxscan.webp "Crime of Rs. 210.68 crore under PMLA Act: Patna HC allows Bail considering 12 Months of Custody without conclusion of trial [Read Order]")
No Fresh Income Tax Claims or Reassessment Permissible Post Approval of Resolution Plan: Supreme Court CJ Bench refuses to Interfere with Gujarat HC Order [Read Judgement]
In a recent ruling, the Supreme Court has refused to interfere with the Gujarat HighCourt’s decision confirming the decision that no fresh income tax claims or reassessment proceedings can be ...
![No Fresh Income Tax Claims or Reassessment Permissible Post Approval of Resolution Plan: Supreme Court CJ Bench refuses to Interfere with Gujarat HC Order [Read Judgement]](https://images.taxscan.in/h-upload/2025/09/25/2091001-supreme-court-income-tax-reassessment-taxcsan.webp "No Fresh Income Tax Claims or Reassessment Permissible Post Approval of Resolution Plan: Supreme Court CJ Bench refuses to Interfere with Gujarat HC Order [Read Judgement]")