Delhi High Court held that discrepancy in counting of notes and in some serial numbers cannot be reason for acquittal since ...

The Court held that a conditional stay requiring 20% deposit is not final. Assessees can seek review before the Principal CIT ...

The case involved a cash seizure treated as unexplained solely because the tax officer assumed no response was filed. The ...

The court ruled that Section 74 proceedings cannot be invoked in the absence of fraud or wilful suppression, especially where tax and interest were voluntarily paid before ...

The Court ruled that omission to issue Section 143(2) vitiates reassessment at the root. Such a defect cannot be cured, even if the return is alleged to be ...

The dispute concerned late filing of an audit report triggering penalty under section 271B. The Tribunal accepted personal hardship and first-year audit obligation as reasonable cause under section ...

The Court held that Section 197 applications cannot be rejected mechanically to “protect revenue.” Mandatory factors under Rule 28AA, including past assessments and liabilities, must be examined ...

The Tribunal emphasized that exempt income disclosed in the return cannot be taxed due to a technical reporting mistake. Substance of disclosure prevails over form where facts are ...

The Supreme Court upheld rejection of treaty benefits where transactions were prima facie designed to avoid tax. It confirmed that substance and real control override form and ...

Courts have ruled that transfer of leasehold rights is not a supply of services. The key takeaway is that such transactions ...

The Tribunal ruled that trusts engaged mainly in education, medical aid, and public welfare remain eligible for 80G. Minor ...

The issue was whether rejection of books and enhancement of gross profit were justified due to alleged non-compliance. The ...