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    Tag: Income Tax Case

    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.

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    Shilpa Shetty Gets Partial Relief In Rs 12.5 Cr Gift Case as ITAT Says “Burden of proof rests on taxpayer”
    Shilpa Shetty Gets Partial Relief In Rs 12.5 Cr Gift Case as ITAT Says “Burden of proof rests on taxpayer”
    Other CourtsLatest news

    Shilpa Shetty Gets Partial Relief In Rs 12.5 Cr Gift Case as ITAT Says “Burden of proof rests on taxpayer”

    Shilpa Shetty secured partial relief as the Income Tax Appellate Tribunal ordered fresh examination of her Rs 12.5 crore gift dispute, directing the Assessing Officer to reassess evidence under Section 68 after granting opportunity to establish genuineness.

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    Delhi High Court Slams Tax Dept: ITBA Glitch No Excuse in Boeing Case
    Delhi High Court Slams Tax Dept: ITBA Glitch No Excuse in Boeing Case
    High CourtLatest news

    Delhi High Court Slams Tax Dept: ITBA Glitch No Excuse in Boeing Case

    The Delhi High Court dismissed the Income Tax Department’s appeal against Boeing’s Indian subsidiary, with Justices V Kameswar Rao and Vinod Kumar rejecting reliance on ITBA portal glitches for invalid assessment orders.

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    Big Relief for Lalit Modi as ITAT Quashes Rs.20 Crore Tax Reassessment
    Big Relief for Lalit Modi as ITAT Quashes Rs.20 Crore Tax Reassessment
    Other CourtsLatest news

    Big Relief for Lalit Modi as ITAT Quashes Rs.20 Crore Tax Reassessment

    The Income Tax Appellate Tribunal annulled a reassessment order against Lalit Kumar Modi for AY 2010–11 that had raised his taxable income from Rs 54.81 lakh to Rs 20.12 crore, citing unexplained credit card spending, private jet lease and fuel costs, and Golden Wings liabilities.

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    Revision Cannot Be Used as a Tool for Fishing Enquiries or Fresh Investigation: ITAT Grants Relief to Mukul Rohatgi in Rs.133 Crore Income Assessment Case
    Revision Cannot Be Used as a Tool for Fishing Enquiries or Fresh Investigation: ITAT Grants Relief to Mukul Rohatgi in Rs.133 Crore Income Assessment Case
    Other CourtsLatest news

    Revision Cannot Be Used as a Tool for Fishing Enquiries or Fresh Investigation: ITAT Grants Relief to Mukul Rohatgi in Rs.133 Crore Income Assessment Case

    The Delhi bench of the Income Tax Appellate Tribunal quashed a revision against senior advocate Mukul Rohatgi for AY 2020–21, holding that reopening his Rs 133.46 crore assessment lacked legal basis and could not rest on mere re-inquiry alone.

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    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.

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    Anil Ambani Fined Rs 25,000 by Bombay High Court for Creating "Artificial Urgency" in Income Tax Case
    Anil Ambani Fined Rs 25,000 by Bombay High Court for Creating "Artificial Urgency" in Income Tax Case
    High CourtLatest news

    Anil Ambani Fined Rs 25,000 by Bombay High Court for Creating “Artificial Urgency” in Income Tax Case

    Bombay High Court slammed Anil Ambani for creating “artificial urgency” in his tax petition. He was fined Rs 25,000, which must be paid to Tata Memorial Hospital.

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