Read all Latest Updates on and about Section 260A of the Income Tax Act

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Section 260A of the...

Patna HC Rejects Income Tax Appeals After 8-Month Delay Blamed on Lawyer’s Illness and Procedural Oversight [Read Order]

ThePatna High Court has dismissed two miscellaneous appeals filed by the Deputy Commissioner of Income Tax, after rejecting the department’s...

Unsigned Stock Statement Plea Not Enough to Escape Addition when OD Benefit Undisputed: P&H HC [Read...

Commercial Expediency Cannot be Rewritten by TPO: Delhi HC upholds Avery Dennison’s Intra-Group...

Income Tax Deductions u/s 80IA and 80HHC can be Claimed Together Subject to 100% Profit Cap: Madras...

Supreme Court upholds 100% Income Tax Addition on Bogus Purchases u/s 69C, Dismisses SLP [Read...

Bombay HC upholds ITAT Order quashing Revision by PCIT, rules in Favour of Gehna Jewellers despite Non-Furnishing of Carat Wise Details [Read Order]

The Bombay High Court dismissed the Revenue’s appeal against the Income Tax Appellate Tribunal’s order that set aside the Principal Commissioner of Income Tax’s revision under Section 263 for...

Settled Issues against Income Tax Assessment Order passed u/s 143 not Challengable: Delhi HC dismisses appeal against Maruti Suzuki [Read Order]

The Delhi High Court dismissed the revenue’s appeal in the Maruti Suzuki case regarding the Income Tax Assessment Order passed under Section 143 of the Income Tax Act, 1961. It was observed that the...

Indexation Benefit on LTCG Available Only from Date of Builder Buyer Agreement, Not Provisional Allotment: Delhi HC [Read Order]

In a recent ruling, the Delhi High Court held that indexation on long-term capital gains begins only from the date of the Builder Buyer Agreement and not from the date of provisional allotment. ...

Bombay HC remands Order of ITAT to Decide on Nature of Service of AMC Charges on Medical Equipment X-ray machines and its TDS deduction [Read Order]

The Bombay High Court has held that the remand order of the ITAT ( Income Tax Appellate Tribunal )is to decide on the nature of the service of AMC Charges on medical equipment X-ray machines and...

Payment to Consultant Doctors not salary in absence of Fixed Pay, TDS Deductible u/s 194J: Bombay HC [Read Order]

The Bombay High Court has held that payments to consultant doctors are not salary in absence of fixed pay. Hence, TDS ( Tax Deduction at Source ) is deductible under Section 194J of the Income Tax...

Supreme Court dismisses Condonation and SLP against Bombay HC Order regarding Aggregation of Royalty for Technology used [Read Order]

The Supreme Court dismissed the Special Leave Petition (SLP) against the Bombay High Court (HC) order regarding the aggregation of royalty for technology used. The SLP arose out of the the final...

Calcutta HC allows Physical Filing of Forms 1 & 2 within Time, Permits Availing DTVsV Scheme, 2024; Condones Dept’s Delay [Read Order]

The Calcutta High Court has permitted the assessee to take benefit of the Direct Tax Vivad Se Vishwas Scheme, 2024 by allowing the physical submission of Forms 1 and 2 within time provided by the...