• Sat. Mar 28th, 2026
    • '

    Tag: Income Tax Act

    No Question Of Malice In Law Or Any Colourable Exercise Of Power: Andhra Pradesh High Court Upholds Income Tax Action Based on Tax Evasion Petition
    No Question Of Malice In Law Or Any Colourable Exercise Of Power: Andhra Pradesh High Court Upholds Income Tax Action Based on Tax Evasion Petition
    High CourtLatest news

    No Question Of Malice In Law Or Any Colourable Exercise Of Power: Andhra Pradesh High Court Upholds Income Tax Action Based on Tax Evasion Petition

    Andhra Pradesh High Court held Income Tax action based on Tax Evasion Petition valid, rejecting malice claims, noting summons under Section 131(1A) issued after due process, approvals, and material review by Investigation Wing authorities under Income Tax Act 1961.

    author
    Income Tax Reassessment Of 2013–14 Quashed, J&K High Court Says: “Clearly Barred By Limitation And Cannot Be Sustained In Law”
    Income Tax Reassessment Of 2013–14 Quashed, J&K High Court Says: “Clearly Barred By Limitation And Cannot Be Sustained In Law”
    High CourtLatest news

    Income Tax Reassessment Of 2013–14 Quashed, J&K High Court Says: “Clearly Barred By Limitation And Cannot Be Sustained In Law”

    The High Court of Jammu & Kashmir and Ladakh quashed reassessment proceedings for AY 2013–14 as time-barred. A bench of Justice Sindhu Sharma and Justice Shahzad Azeem set aside orders issued under Income Tax Act, 1961 Sections 148A(d) and 148.

    author
    2D & 3D Seismic Survey Income Not FTS Under Section 44DA: Delhi High Court
    2D & 3D Seismic Survey Income Not FTS Under Section 44DA: Delhi High Court
    High CourtLatest news

    2D & 3D Seismic Survey Income Not FTS Under Section 44DA: Delhi High Court

    The Delhi High Court held that income from 2D and 3D seismic surveys for mineral oil exploration is not “fees for technical services” and falls outside Section 44DA. It clarified FTS classification is mandatory before applying the provision in taxation disputes.

    author
    Corpus Donations to Educational Trust Are Tax-Exempt Under Section 11(1)(d): ITAT Ahmedabad
    Corpus Donations to Educational Trust Are Tax-Exempt Under Section 11(1)(d): ITAT Ahmedabad
    Other CourtsLatest news

    Corpus Donations to Educational Trust Are Tax-Exempt Under Section 11(1)(d): ITAT Ahmedabad

    The Income Tax Appellate Tribunal, Ahmedabad Bench allowed exemption on corpus donations under Section 11(1)(d), directing the AO to grant relief to Falahe Darain Education Society, which received Rs 48,38,779 during the assessment year under Income Tax Act 1961.

    author
    Income Tax Act Amendments| Rs.16.5 Lakh Crore Reassessment Cases Pending, Hearing on April 6: Centre To Supreme Court
    Income Tax Act Amendments| Rs.16.5 Lakh Crore Reassessment Cases Pending, Hearing on April 6: Centre To Supreme Court
    Supreme Court

    Income Tax Act Amendments| Rs.16.5 Lakh Crore Reassessment Cases Pending, Hearing on April 6: Centre To Supreme Court

    The Supreme Court of India was informed by the Government of India about proposed amendments to Section 150, effective April 1, 2026. Representing the Union of India, the ASG said changes would affect pending assessment and reassessment cases nationwide.

    author
    Vijay vs I-T Dept: Madras High Court Upholds Rs.1.5 Crore Income Tax Penalty, Dismisses TVK Chief’s Plea
    Vijay vs I-T Dept: Madras High Court Upholds Rs.1.5 Crore Income Tax Penalty, Dismisses TVK Chief’s Plea
    High CourtHeadlines

    Vijay vs I-T Dept: Madras High Court Upholds Rs.1.5 Crore Income Tax Penalty, Dismisses TVK Chief’s Plea

    Today, On 6th February, The Madras High Court dismissed actor Vijay’s plea challenging the Rs.1.5 crore income tax penalty. The penalty stemmed from 2015 searches at his premises that allegedly uncovered around Rs.16 crore in undisclosed income by the Income Tax Department.

    author
    Revisionary Powers Cannot Be Invoked on an Incorrect Assumption: Madras HC Slams IT Dept for Treating Demerger as Amalgamation
    Revisionary Powers Cannot Be Invoked on an Incorrect Assumption: Madras HC Slams IT Dept for Treating Demerger as Amalgamation
    High CourtLatest news

    Revisionary Powers Cannot Be Invoked on an Incorrect Assumption: Madras HC Slams IT Dept for Treating Demerger as Amalgamation

    The Madras High Court held that Section 263 revisionary powers cannot be exercised by misclassifying a demerger as an amalgamation. A Division Bench dismissed the Revenue’s appeal, upholding the ITAT ruling in Tax Case Appeal No. 602 of 2013.

    author
    Section 44C of Income Tax Act Applies to All Head Office Expenditure: Supreme Court on Non-Resident Taxation
    Section 44C of Income Tax Act Applies to All Head Office Expenditure: Supreme Court on Non-Resident Taxation
    Supreme Court

    Section 44C of Income Tax Act Applies to All Head Office Expenditure: Supreme Court on Non-Resident Taxation

    The Supreme Court has ruled that Section 44C applies to all head office expenditure of non-residents, whether common or exclusive. The judgment enforces the statutory deduction cap and blocks attempts to bypass it under Section 37.

    author
    Supreme Court Cracks Down On Anonymous Political Donations, Issues Notice To Centre & ECI In Transparency Push
    Supreme Court Cracks Down On Anonymous Political Donations, Issues Notice To Centre & ECI In Transparency Push
    Supreme Court

    Supreme Court Cracks Down On Anonymous Political Donations, Issues Notice To Centre & ECI In Transparency Push

    The Supreme Court has sought responses from the Centre and Election Commission on a plea challenging the legality of anonymous cash donations below Rs 2,000 to political parties. The petition claims such funding harms voter rights and weakens transparency in India’s electoral process.

    author
    Bombay High Court Slams Tax Officer for Using Fake AI-Generated Case Laws in Rs 27.91 Crore Tax Order
    Bombay High Court Slams Tax Officer for Using Fake AI-Generated Case Laws in Rs 27.91 Crore Tax Order
    High CourtLatest news

    Bombay High Court Slams Tax Officer for Using Fake AI-Generated Case Laws in Rs 27.91 Crore Tax Order

    The Bombay High Court rebuked an NFAC tax officer for relying on non-existent, AI-generated judgments while raising a Rs 27.91 crore tax demand against KMG Wires Pvt Ltd. The Court warned that quasi-judicial officers must not “blindly rely” on AI results without proper verification.

    author