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- Jan 19
- 2 min
[SC] SLP Filed by Income-Tax Department Dismissed on the Ground of Delay of 325 Days
Supreme Court stresses timeliness in rejecting a delayed tax appeal, underscoring legal punctuality's importance.
- Jan 16
- 4 min
Redefining Tax Notice Procedures: Rajasthan High Court's Critical Stance on Compliance and Jurisdiction
Introduction In a landmark judgment, the Rajasthan High Court bench at Jaipur (‘the Court’) pronounced a pivotal decision in Bijendra...
- Jan 16
- 4 min
Validity of Unregistered Agreement: ITAT holds that the Law Does Not Require an Agreement to be in Writing
ITAT confirms: Oral agreements are as valid as written ones for immovable property sales under s. 43CA, ensuring fairness in tax assessments
- Jan 12
- 2 min
Full Disclosure & Bona Fide Claims: The Deciding Factor Against Penalties in Tax Law
Introduction The Supreme Court (‘SC’) in the case of Principal Commissioner of Income Tax v. Indusind Bank Ltd.[i] dismissed the special...
- Jan 10
- 3 min
Rajasthan HC Emphasizes Timely Compliance & Accountability in Asset Seizure & Release
Rajasthan HC rules on timely asset release in ED seizures, stressing legal compliance and efficiency.
- Jan 3
- 3 min
High Court Quashes SCN issued under CGST Act: Pre-requisites for Issuance of SCNs in GST Proceedings Explained
Introduction The Calcutta High Court (‘the Court’) recently rendered a decision in the case of Diamond Beverages (P.) Ltd. v. Assistant...
- Dec 30, 2023
- 3 min
[Delhi HC] Cumulative Satisfaction of Twin Conditions Required for Invoking Section 263 Jurisdiction, Income-tax Act, 1961.
Delhi HC sets a precedent on s. 263 jurisdiction: AO orders must be both erroneous and prejudicial to the revenue to be considered valid.
- Dec 29, 2023
- 3 min
CBDT amends the Safe Harbour Provisions
Introduction The Central Board of Direct Taxes (‘CBDT’) has notified the Income-tax (Twenty-Ninth Amendment) Rules, 2023[i]...