Income Tax : Delving into the multifaceted realm of Income Tax Department (ITD) investigations, this article aims to demystify the intricate la...
Income Tax : LETTER [F.NO. TARC/MEETING/1/2013-14], DATED 24-12-2013 Government has set up Tax Administration Reform Commission with a view to ...
Income Tax : The income tax department may not go in for filing a review petition on the Supreme Court's judgement on the Vodafone taxation cas...
Income Tax : In order to guard against possible leakage of names figuring in the secret bank accounts lists it has received from foreign shores...
Income Tax : Resuming its arguments against Rs 11,000-crore tax demand by the Income Tax (I-T) department, the British telecom giant Vodafone t...
Income Tax : Keeping with an interim order passed by the Supreme Court in connection with the disbursement of funds of Harshad Mehta Group (HMG...
Income Tax : Delhi High Court ruling states Income Tax Dept. must permit personal hearing through National Faceless Assessment Centre upon asse...
Income Tax : Income Tax Dept. fails to file appeal on time, ITAT dismisses appeal citing insufficient explanation for delay. Detailed analysis ...
Income Tax : Patna High Court validates Settlement Commission's decision despite Income Tax Department's representation. Analysis provided on R...
Income Tax : Delhi High Court grants revenue liberty to approach for revival of appeal against Amrapali Group. Full text of judgment/order avai...
Income Tax : Explore ITAT Ahmedabad's order in DCIT vs. Vimal Kanubhai Patel case. Onus on Income Tax Dept to provide evidence for taxing forei...
Income Tax : Finance Ministry designates key Income Tax Dept. IT systems as protected under the IT Act. Learn about restricted access and autho...
Review of ITAT Delhi’s decision in ITO Vs Soumya Tradecom Pvt Ltd case, highlighting lack of valid approval in reassessment proceedings. Key takeaways.
Delhi HC directs refund of Income Tax amount exceeding 20% of the demand. Read about the Max Life Insurance case and the decision on refund for AY 2017-18
Calcutta High Court ruling on the issue of assessee harassment due to change to a faceless system in Income Tax appeal. Read Park Leather Company’s case.
Bombay High Court lifts travel ban on Aarti Ramesh Chaurasia due to LOC issued by Income Tax Dept. Find details of the case and the judgment here.
LETTER [F.NO. TARC/MEETING/1/2013-14], DATED 24-12-2013 Government has set up Tax Administration Reform Commission with a view to reviewing the application of Tax Policies and Tax Laws in India in the context of global best practices. The Commission will work as an advisory body to the Ministry of Finance and recommend measures for reforms required in […]
The income tax department may not go in for filing a review petition on the Supreme Court’s judgement on the Vodafone taxation case. Top sources in the department said that a 10-member ‘core committee’, which has been specially constituted, will go into the details of the order. But the department may take a view not to file a review petition against the order which was delivered by a three-member Supreme Court bench headed by Chief Justice S H Kapadia on Friday, the sources said.
In order to guard against possible leakage of names figuring in the secret bank accounts lists it has received from foreign shores, the CBDT has ordered the I-T department to obtain a signed undertaking from any government entity or department who demands the data for their own probe.
Resuming its arguments against Rs 11,000-crore tax demand by the Income Tax (I-T) department, the British telecom giant Vodafone today contended before the Supreme Court that the present Indian income tax laws do not cover gains from overseas transactions. Senior advocate Harish Salve appearing for Vodadfone submitted before the apex court that under the present Income Tax Act, overseas transactions between two foreign companies cannot be taxed and it could be done by only by bringing a new law by Parliament.
Keeping with an interim order passed by the Supreme Court in connection with the disbursement of funds of Harshad Mehta Group (HMG),the Bombay High Court has directed the custodian of assests of the late stock broker to release Rs 1995.66 crore to the Income Tax department, to clear their dues.
An outsourcing contract to Infosys, India’s second-largest software company, has resulted in an unexpected reprieve for those with income to hide from the taxman. Irked by the contract, under which Infosys is processing tax returns filed online, and rattled by the prospect of more outsourcing, officials of the investigation wing of the income-tax department, the arm of the tax administration that conducts raids, have refused to step out of their offices for at least a month.
