The Tribunal held that consistent investment history and documentary proof established genuineness of share transactions. Additions under Section 68 were deleted due to lack of contrary ...

The tribunal held that interest cannot be disallowed where advances to related parties are made for business purposes and out of own funds, emphasizing the principle of commercial ...

In a significant ruling that underscores the evidentiary limits of search-based tax assessments, the Mumbai bench of income ...

GE T&D India Ltd announced that it has secured orders worth approximately Rs 370 crore from Power Grid Corporation of India. (Image/Reuters) The Income Tax department has prescribed a ceiling of Rs 1 ...

https://www.thehindubusinessline.com/portfolio/personal-finance/itr-filing-why-belated-returns-and-rectification-by-assessee-may-become-a-thing-of-the-past ...

New Delhi, Jul 19 () The Delhi High Court has directed CBI probe into the authenticity of an email after the Income Tax Department, which was alleged to be the sender, claimed forgery by the assessee.

The Karnataka High Court determined that Income Tax proceedings initiated posthumously against an Assessee cannot proceed against their legal representatives. This decision emerged from the dismissal ...

The income tax department in India has stated that the burden of proof to establish the creditworthiness of an investor lies with the company being assessed. This comes after several startups, ...

The ITAT Chennai Bench has issued a significant verdict that will bring relief to top professionals who work overseas.

New Delhi: The Supreme Court has held that an assessee must comply with a summons and furnish a response to a show cause notice when issued by either the Central or State tax authority. Under the ...

The Delhi High Court has directed CBI probe into the authenticity of an email after the Income Tax Department, which was alleged to be the sender, claimed forgery by the assessee. A bench of Justices ...