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    Tag: tax compliance

    The Growing Importance of Tax Compliance for Indian Companies
    The Growing Importance of Tax Compliance for Indian Companies
    CounselVoice

    The Growing Importance of Tax Compliance for Indian Companies

    Tax compliance is now a critical priority for Indian companies as digital reporting, tighter enforcement, and heightened scrutiny reshape regulatory expectations. Businesses must treat compliance as a strategic function to ensure accuracy, avoid penalties, and maintain smooth operations.

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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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    HUF Claim Alone Not Enough Without Documentary Evidence: ITAT Chandigarh
    HUF Claim Alone Not Enough Without Documentary Evidence: ITAT Chandigarh
    Other CourtsLatest news

    HUF Claim Alone Not Enough Without Documentary Evidence: ITAT Chandigarh

    The Income Tax Appellate Tribunal Chandigarh held that merely claiming funds belong to a Hindu Undivided Family is insufficient without documentary proof of their source, holding, and transfer, in a case involving Rs 50 lakh life insurance purchased from alleged agricultural income.

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    FTC Cannot Be Denied Merely For Late Filing Of Form 67 Under Income Tax Rule : Delhi HC
    FTC Cannot Be Denied Merely For Late Filing Of Form 67 Under Income Tax Rule : Delhi HC
    High CourtLatest news

    FTC Cannot Be Denied Merely For Late Filing Of Form 67 Under Income Tax Rule : Delhi HC

    The Delhi High Court ruled Foreign Tax Credit cannot be denied solely for delayed Form 67 filing, directing reconsideration within two months. Real Time Data Services Private Limited challenged FTC denial for AY 2020-21 and subsequent years.

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    GST Summons Can Now Be Video graphed, Lawyers Can Be Present At Safe Distance: Bombay High Court
    GST Summons Can Now Be Video graphed, Lawyers Can Be Present At Safe Distance: Bombay High Court
    High CourtLatest news

    GST Summons Can Now Be Video graphed, Lawyers Can Be Present At Safe Distance: Bombay High Court

    The Bombay High Court allowed videography of GST summons proceedings and permitted legal counsel to remain present at a visible but non-audible distance during questioning, reinforcing procedural safeguards in tax investigations while hearing a writ petition under Article 226.

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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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    Tax Refund Can Be Granted Only When Burden Is Not Transferred: Supreme Court
    Tax Refund Can Be Granted Only When Burden Is Not Transferred: Supreme Court
    Supreme Court

    Tax Refund Can Be Granted Only When Burden Is Not Transferred: Supreme Court

    The Supreme Court of India held that tax refunds are payable only when the burden has not been passed on, warning courts against creating mechanisms beyond statutory limits. Referring to Section 54, it directed amounts to the Consumer Fund.

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    Section 161 of CGST Allows Correction Only for Evident Errors on Record: Orissa High Court
    Section 161 of CGST Allows Correction Only for Evident Errors on Record: Orissa High Court
    High CourtLatest news

    Section 161 of CGST Allows Correction Only for Evident Errors on Record: Orissa High Court

    The Orissa High Court held Section 161 allows only apparent error correction, mandating reasoned scrutiny of records and materials. A Division Bench of Harish Tandon and Murahari Sri Raman faulted authorities for ignoring ITC reconciliations, quashing the rejection infirm.

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