The purchase consideration was paid in an earlier financial year, and only the registration occurred in the assessment year ...

Actress Aishwarya Rai Bachchan secured a significant win in her tax case. The Income Tax Appellate Tribunal in Mumbai ruled ...

Karnataka High Court held that notice under section 148 of the Income Tax Act issued and served without signature of the Assessing Officer is a foundational defect and the same cannot be ignored.

A Kolkata tax court has recently ruled that a large gift from a brother-in-law is completely exempt from income tax, even if ...

Rule 8D of the Income Tax Rules prescribes a specific formula-based approach to quantify the disallowance under Section 14A, ...

The Mumbai bench of the income tax appellate tribunal (ITAT) has ruled in favour of actor Aishwarya Rai Bachchan, deleting a ...

A retired government employee successfully appealed a penalty after mistakenly claiming an excess gratuity tax exemption. The ...

Some disputes run longer than others. The largest category for cases that drag on for at least a decade -- such as the one ...

The Delhi High Court dismissed an appeal challenging the ITAT's rejection of a rectification plea to recall an appeal order; the court found no mistake apparent on record and upheld the ITAT's finding ...

The Chennai Bench of the Income Tax Appellate Tribunal (ITAT) has held that an independent enquiry or verification by the ...

In Maharishi Education Corporation (P.) Ltd. vs ITO, the Delhi Bench (SMC) of the ITAT held that Section 115BAA overrides all other provisions of the Income-tax Act and that its operation is not ...

Aishwarya Rai Bachchan has reportedly received relief from the Income Tax Department after the Income Tax Appellate Tribunal ...