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Bank Account Attached by Income Tax Dept: Madras HC Allows Instalment Payment of 20% Tax, Orders De-Freezing After 1st instalment [Read Order]

Navasree A.M

The Madras High Court has set aside an Income Tax attachment order on the condition that the taxpayer pays 20% of the disputed demand in instalments....

Income Tax Dept Sending Copy-Paste Responses to Grievances? Individual Shares 'Proof' on ‘X’

Income Tax Dept Arbitrarily Recovers Demand from Refund While Appeal Pending: Madras HC Orders...

Income Tax Dept Permits to file Physical Return Even After Expiry of Revised Returns’ Filing Period:...

Income Tax Dept releases Common Offline Utility for filing Income-tax Returns ITR 1 and ITR 4 for AY...

Old Tax Regime Filers, Beware: Income Tax Dept to Auto-Verify Deductions in Real Time

The Income Tax Department introduced real-time auto-verification of deductions for individuals filing returns under the old tax regime. This new system, integrated with multiple government and...

GST Evasion Crackdown: Income Tax Dept Seizes Tobacco-Laden Truck Worth ₹1 Crore in Assam

The Income Tax Department has seized a truck loaded with tobacco products (gutkha) worth over Rs. 1 crore during a special raid conducted in Srirampur, a border town in Assam. According to...

Income Tax Dept Releases Updated ITR-2 Utility Excel for Individuals and HUFs Without Business or Professional Income

The Income Tax Department has released an updated version of the Excel-based utility tool for individuals and Hindu Undivided Families ( HUFs ) who do not have income from profits and gains of...

Insufficiency of Sentence: Karnataka HC directs Income Tax Dept to approach Sessions Court u/s 415(3) of BNSS [Read Order]

The Karnataka High Court has rejected the appeals filed by the Income Tax Department under Section 377 of the Cr.P.C. Sub-Section (3) of Section 415 of BNSS permits appeals to the Sessions Court...

Supreme Court issues Notice on Condonation Application of Delayed SLP Filing by Income Tax Dept challenging Retrospective Effect of Benami Transaction Amendment [Read Judgement]

The Supreme Court issued notice on application of condonation of delay in filing Special leave petition ( SLP ) by Income Tax Department which arose out of impugned final judgment and order...

Penalty of Rs 49 Crores for Unscrupulous Transactions: Income Tax Dept issues Notice to Tea seller

A Tea seller from Gujarat received an income tax notice and imposed a penalty of Rupees 49 crores for unscrupulous transactions. Khemraj Dave, the tea seller said that “I received the third notice...

Illegal PAN for Bogus HRA Claims: Income Tax Dept to Take Action against Employees

The Income Tax Department has uncovered a fraudulent scheme involving the misuse of Permanent Account Numbers (PANs) to falsely claim Housing Rent Allowance (HRA). This discovery has revealed around...