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Failure of Income Tax Dept to dispose Revision Application u/s 264 of I-T Act within 1 year: Delhi HC directs Disposal within 8 weeks [Read Order]

In a recent ruling, a Division Bench of Delhi High Court directed the Income Tax Officers not to take any coercive steps till the disposal of the...

Income Tax Dept Seizes Rupees 1 crore hidden in a Tree

Income Tax Dept enables Option to Download Statement for Form 26QB Payments

Income Tax - Income Tax Dept taxpayers - Loo - Daylight loot - PAN-Aadhar - linking - late fee - Taxscan

Income Tax Dept triggers Taxpayers by Daylight Loot in PAN-Aadhar Linking Late Fee Levy

Income Tax Dept releases Tax Calculator as per Finance Bill 2023

Any Action of Income Tax Dept Violating CBDT Instructions Untenable in Law: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Pune bench has held that any action of the income tax department violating the instructions of the CBDT is untenable under the law. The appellant, Mrs....

Income Tax Dept cannot Avail Extended Time Limit for Re-Assessment without New or Tangible Material: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Chennai bench has held the income tax department cannot avail the extended time limit for re-assessment under the Income Tax Act, 1961 without new or...

Relief to Xiaomi India: Karnataka HC sets aside Provisional Attachment of Rs. 3700 Crore by Income Tax Dept [Read Order]

A Single Bench of Karnataka High Court has recently set aside the provisional attachment of the fixed deposits of tech giant Xiaomi India to the tune of Rs. 3700 Crore, in a major relief to Xiaomi...

PAN Unlinked with Aadhaar will become Inoperative: Income Tax Dept

The Central Board of Direct Taxes (CBDT) has informed the taxpayers through the official income tax portal that the Permanent Account Number (PAN) cards that not linked with aadhaar card would be...

Income Tax Dept Issues Instructions for Refund u/s 254: Time Limit to Process Refund by AO reduced to 21 Days

The Directorate of Income Tax (Systems) has issued Instruction No. 06 of 2022 dated November 28, 2022 to the Assessing Officers for response to intimation under section 245 of the Income...

Granting Fake Refund Claim by Manipulating E-Records: Allahabad HC denies Bail to Officer of Income Tax Dept [Read Order]

The Allahabad High Court has rejected a bail application by the then tax assistant for the alleged offense of granting fake refund claims by tampering with the electronic evidences and computer...

Income Tax Dept conducts Search in Karnataka, Unearths Unaccounted Income of Rs. 1300 crore

Income Tax Department initiated Search & Seizure actions on 20.10.2022 and 02.11.2022 on certain individuals who had executed Joint Development Agreements (JDAs) with various real-estate...

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