![No Penalty Exception u/s 271AAA(2) if Undisclosed Income is Declared only during Assessment Proceedings: Supreme Court [Read Judgement]](https://www.taxscan.in/wp-content/uploads/2025/02/Assessment-Proceedings.jpg "No Penalty Exception u/s 271AAA(2) if Undisclosed Income is Declared only during Assessment Proceedings: Supreme Court [Read Judgement]")
No Penalty Exception u/s 271AAA(2) if Undisclosed Income is Declared only during Assessment Proceedings: Supreme Court [Read Judgement]
The Supreme Court of India recently affirmed that the exception to penalty encompassed under Section 271AAA(2) of the Income Tax Act, 1961 shall be...
Interim Stay granted subject to Deposit of 50% of Demand raised by Collector of Stamp: Delhi HC directs to Deposit amount in Registry [Read Order]
The Delhi High Court directed to deposit the amount in the Registry of the court as there was interim stay granted subject to deposit of 50% of demand raised by Collector of Stamp. The Present...
PILs cannot Serve Private Causes: Delhi High Court dismisses PIL on PMLA Section 66 Interpretation, Directs Parties to Pursue Proper Legal Channels [Read Order]
The Delhi High Court has held that Public Interest Litigations ( PILs ) cannot be used for private causes, confirming the limitations of PILs and affirming the need for parties to pursue proper legal...
Delhi HC quashes issuance of LOC in absence of any reasons being furnished by Union Bank of India [Read Order]
The Delhi High Court quashed the issuance of Look Out Circular ( LOC ) in absence of any reasons being furnished by Union Bank of India. The Present appeal has been filed under Clause X of the...
Dismissal of Securitization Application: Delhi HC directs Chairperson, DRAT to decide Application for Waiver of Deposit of 25% [Read Order]
The Delhi High Court directed the Chairperson, Debt Recovery Appellate Tribunals (DRAT) to decide application for waiver of deposit of 25% as there was dismissal of securitization application. The...
Taxability of Capital Gains under India-Singapore DTAA: SC issues Notice to Blackstone Capital Partners Singapore [Read Judgement]
The Supreme Court Bench of Justice Pamidighantam Sri Narasimha and Justice Aravind Kumar has issued notice to Blackstone Capital Partners Singapore, in revenue appeal against the Delhi High Court...
