It is settled law that notice issued u/s. 148 of IT Act by the Assessing Officer, having no jurisdiction, the assessment order and consequent pro-ceedings are invalid. Reliance is placed on following ...

The Income Tax Appellate Tribunal (ITAT), Kolkata, has set aside a penalty of ₹1 crore imposed on Tarai Transport Corporation ...

ISLAMABAD: In a major development in tax litigation, the Appellate Tribunal Inland Revenue (ATIR), Islamabad has ordered the ...

In a recent ruling, the Chhattisgarh High Court held that penalty under Section 271(1)(c) of Income Tax Act not applicable if ...

The judgment is likely to benefit prospective homeowners who are planning to exchange their old homes for upgraded ...

As per a recent ruling by the Mumbai Income Tax Appellate Tribunal (ITAT), it was determined that transactions of this nature ...

In a recent judgment, the Mumbai Income Tax Appellate Tribunal (ITAT) ruled that such an exchange cannot be taxed under ...

Shah emphasised on the need for immediate amendments to the law to ensure that tax is paid in the host country.

If you're a tax resident of a foreign country that doesn't tax capital gains and has a residual clause under ‘capital gains’ ...

The case began when an NRI tax resident in Singapore declared capital gains of ₹1.35 crore for FY 2021–22: ₹88.75 lakh from debt mutual funds and ₹46.91 lakh from equity mutual funds. She sought tax ...

Income tax department, Gujarat invites application for the post of Senior Standing Counsel and Junior Standing Counsel to represent the Income tax department, Gujarat, before the High ...

The National Company Law Appellate Tribunal (NCLAT) has dismissed the plea filed by debt-ridden realty firm Supertech former promoter Ram Kishor Arora against personal insolvency proceedings initiated ...