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“Reasonable Cause” and “Sufficient Cause” under the Income-tax Act, 1961 – Conceptual Distinction, Statutory Application and Judicial Approach
“Reasonable
Cause” and “Sufficient Cause” under the Income-tax Act, 1961 – Conceptual
Distinction, Statutory Application and Judicial ApproachIntroductionThe
Income-tax Act, 1961, while prescribing strict ti...
Taxability of Ex-gratia / Retrenchment Compensation Paid Under Government-Supported Schemes – Statutory Framework, Judicial Interpretation and Admissibility of New Claim
Taxability
of Ex-gratia / Retrenchment Compensation Paid Under Government-Supported
Schemes – Statutory Framework, Judicial Interpretation and Admissibility of New
ClaimThe
taxability of ex-gratia compensation paid...
Delhi High Court Upholds Prosecution in ₹348 Crore Tax Evasion Case; Rejects Constitutional Challenge to CBDT Circulars on Prosecution
In a significant ruling, the Delhi High Court has upheld the initiation of prosecution under the Income-tax Act in a case involving alleged tax evasion amounting to ₹348 crores, while categorically rejecting the consti...
Government has undertaken specific initiatives and policies to strengthen Ease of Doing Business in the country since 2014
Ministry of Corporate Affairs Government has undertaken specific initiatives and policies
to strengthen Ease of Doing Business in the country since 2014Government has focused on further decriminalization to e...
Penalty proceedings u/s 274 r/w section 271(1)(c) - estimation of income - bogus purchases
Penalty
proceedings u/s 274 r/w section 271(1)(c) - estimation of income - bogus
purchases ITAT
MUMBAI:-Amish Anantrai Modi Versus Deputy Commissioner of Incometax, Central
Circle 2 (1), Mumbai,No.- I. T. A No....
Assessing Officer’s Duty to Examine All Issues in Reassessment: Delhi ITAT Upholds Section 263 Revision Order
Emphasizes Assessing Officer’s duty to scrutinize all issues noticed during reassessment proceedings; Upholds revision order
Delhi ITAT upholds the revision order under Section 263 holding the reassessment order as er...
Dumb Documents” Have No Evidentiary Value: Chennai ITAT Deletes ₹25.78 Crore Addition under Section 69B r.w.s. 115BBE of Income tax Act, DCIT v. Jaya Pradeep [TS-1630-ITAT-2025(CHNY)]
“Dumb documents” have no evidentiary value, incapable of supporting addition; Deletes Section 69B addition
Chennai ITAT dismisses Revenue’s appeal confirming CIT(A)’s order deleting the addition of Rs. 25,78,98,...
Global Real Estate Transparency and Schedule FA: A New Compliance Reality for Indian Taxpayers
Global Real Estate Transparency and Schedule FA: A New
Compliance Reality for Indian TaxpayersThe global tax environment has entered a decisive phase
where opacity in offshore wealth holding—particularly foreign real...
Supreme Court Confirms Deletion of Section 271D Penalty Where No Recorded Satisfaction in Assessment Order
The Supreme Court of India in PCIT vs Parivar Television Pvt. Ltd. has dismissed the Revenue’s Special Leave Petition and upheld the deletion of the penalty imposed under Section 271D of the Income-tax Act, 1961, on th...
CBDT Takes Enforcement Action Against Intermediaries Facilitating Bogus Deduction Claims in Income-tax Returns
CBDT NUDGEs taxpayers against the claims of bogus deductions through data-driven approachAfter a massive nationwide operation, the Central Board of
Direct Taxes (CBDT) has acted against several intermediaries involved i...