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SLP Filed Merely to Get ‘Stamp of this Court’: Supreme Court Rejects Income Tax Dept Plea Against Adani Power [Read Judgement]

The Supreme Court refused to consider the Income Tax Department’s Special Leave Petition against Adani Power Limited, saying that “it appears that...

Delhi HC Dismisses Income Tax Dept’s Review Pleas Against Direction to Process Bechtel’s Returns...

Income Tax Dept Cannot Order Special Audit Without Valid DIN Based Approval: Bombay HC Holds...

Rs. 30L Earner Refused to Pay ₹594 of Legitimate Tax: CA Shares his shocking Experience

Income Tax Dept fails to pass Consequential Order for 11 years: Madras HC says Time Limit u/s...

Relief to Reliance Power: ITAT rejects Income tax Dept’s Challenge to Reduced S. 14A Disallowance [Read Order]

The Mumbai Bench of the Income Tax Appellate Tribunal ( ITAT ) dismissed the Income Tax Department's appeal against Reliance Power Ltd., upholding the relief granted by the Commissioner of...

Stop posting your Achievements: Income Tax Dept may access Your Social Media and Emails to Curb Tax Evasion

The Income Tax Department may freely monitor social media posts, emails, and digital activities to uncover tax evasion, according to recent talks and common claims on social media that have worried...

Income Tax Dept Uses Non-Filer Monitoring System to Track High-Value Transactions

The Income Tax Department has taken a major step to track people who carry out large financial transactions but do not file income tax returns. To do this, it has introduced a Non-Filer Monitoring...

Income Tax Dept Addresses Concerns Over Recent AIS Mismatch Advisory

On December 18, the Income Tax Department issued a clarification regarding emails and messages sent to taxpayers about differences between their Income Tax Returns (ITR) and information available in...

Foreign Asset Non-Disclosure Triggers ₹10 Lakh Penalty Risk: Income Tax Dept urges AY 2025-26 ITR Revision by Dec 31

Recently, the Income Tax Department has begun issuing targeted emails to taxpayers flagged for potential non-disclosure of foreign assets in their Income Tax Returns (ITR) for Assessment Year (AY) ...

S. 153D Approvals Granted to 30+ Cases within Hours by Income Tax Dept: Bombay Slams ‘Casual’ Revenue Approach [Read Order]

In a recent ruling, the Bombay High Court has criticised the Income Tax Department’s mechanical and casual approach in granting prior approvals under Section 153Dof the Income Tax Act, 1961 after...

Income Tax Dept Sends ‘Nudge’ Intimations on ITR-AIS Mismatches and High-Value Transactions: What Taxpayers Must Do

The Income Tax Department has stepped up its use of data-driven compliance tools by issuing “nudge” intimations to taxpayers where there is a mismatch between income reported in the income tax...