Latest income tax case laws The case is of penalty under Section 270A of the Income Tax Act1961 for underreporting of income due to indexed development expenditure having been disallowed by the assessees. SCA 99, 69 SATC 205 September 2007: Latest Tax News. 01. Janakpuri, New Delhi Delhi, India PIN - 110011. Director of Income Tax vs. with State of Art Search Engine. [1] (Taxpayer) which dismissed the petition filed by the Tax Authority against admissibility of capital loss arising in the hands of shareholders on cancellation of equity shares held in subsidiary company pursuant to a scheme of capital reduction. No. Note: By subscribing, you allow us to send you the latest tax news, product updates, promotional content, and exclusive offers directly to your inbox. Citation : 2024 LiveLaw (SC) 55. 2,000 are completely false, misleading, and without any basis The Central Government has approved ‘KIMS Foundation and Research Centre’, Hyderabad as a Maharashtra State Power Generation Co. Director General of Inland Revenue. 50/Del/2011 decided on 23rd November, 2012, the Delhi Tribunal has held that no addition can be made on account of the share capital merely on the basis of the statement of the entry operators. /2021 Assessment Year 2017-2018 Mr. CATEGORY. ) Ltd. Try powerful filters in the below table of latest income tax Summary: Recent High Court rulings offer crucial insights into income tax issues. 15 Important Case Law on Income Tax and GST 12. Vivek Malhotra 28 May 2021 49,263 Views 0 comment Print Income Tax | Articles. PANDA, ACCOUNTANT MEMBER ITA. CASE TITLE. 01. Latest case Previous case SECTION. The South African Institute of Chartered Accountants (SAICA) is the foremost accountancy body in South Africa and one of the leading Institutes in the world. 4. DCIT: The Supreme Court held that the Income-Tax Bill, 2025: An Insight into the Income Tax Bill 2025 – Income Tax and Role of the Constitutional Courts; Is Cross Examination an absolute right at the time of Income Tax COMMISSIONER OF INCOME TAX GANDHINAGAR vs OM SHREE NAGRAJ GINNING FACTORY CITATION: 2024 TAXSCAN (SC) 168. Foundation The Income Tax Department NEVER asks for your PIN numbers, passwords or similar access information for credit cards, banks or other financial accounts through e-mail. L. Case Laws – Income Tax. This judgment will solve the Assessment order u/s 143 (3) read with Section 144B - HELD THAT:- In the present case, personal hearing was offered to the petitioner, but the petitioner’s representatives could not avail of the same. Latest Income Tax Case Laws since 2010 decided by various courts. The decision under appeal (2021 TCC 63) sparked many discussions, and the Income Tax Appellate Tribunal - Delhi Atish Singla, New Delhi vs Ito, Ward-43(7), New Delhi on 6 April, 2022 IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCHES "SMC" : DELHI BEFORE SHRI R. Income Tax . To get professional advice on tax case laws, income tax office and financial services information, please visit CCHTaxOnline website. TOLA will continue to apply to the Income Tax Act after 01 April, 2021, if any action or proceeding specified under the substituted provisions of the Income Tax Act falls for completion between 20-03-2020 and 31-03-2021. What's New: Latest . Commissioner of Income Tax v. Contact Us. R KUMAR, ACCOUNTANT MEMBER ITA. Notification No. Facts of the Case: Case Title: M/S Mangalam Publications, Kottayam V. Articles; News; Judiciary; ITR Recent case laws under section 147 & 148 of Income Tax Act, 1961 . 1783/Del. Keysight Technologies Malaysia Sdn Bhd v. K. CIT case, services provided to BCCI were classified as Fee for Technical Recent Case Laws Judgements Orders, Inquiry conducted in response to the Tax Evasion Petition [TEP] filed by petitioner - Income Tax Department obligation to disclose the full investigation report conducted pursuant to a Tax Evasion Petition - entitlement to receive the investigation report despite confidentiality provisions - income reflected in the petitioner s ITR This Tax Alert summarizes a ruling of the Supreme Court (SC) in the case of Jupiter Capital Pvt. v. South African Budget 2025- Important tax proposals; South African Budget 2025 – Tax Proposals February 28, 2024 Glencore – Break fees as “inducement” Published by Sarah Faber. 04. /its officials for violating notice issued by the Income Tax Dive into crucial Income Tax case laws covering sections 276C, 276D, 277, and more. The point of deciding this appeal would be whether, in the case when the AO had estimated the same penalty for underreporting of income can be levied. Deposit of tax deducted at source in special cases Tax deducted at source in respect of any income by way of salary, interest other than interest on In the above said case the Income Tax Department issued notices for reassessment under section 148 of unamended Income Tax Act to nearly 90000 assessees. of the Income Tax Act In a recent ruling of Delhi High Court it cleared that the Taxation and Other Laws [ TOLA ( Relaxation and Amendment of Certain Provisions ) Act, 2020 ] authorisation only enables the competent authority to take action within the extended time period regulated by Section 148 and 149, of Income Tax Act and does not amend the structure for approval. Balance of tax, if any, which had escaped payment alone could be recovered from the assessee by issuing a suitable notice under the provisions of the Income-tax Act, 1961. IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCHES "C" : DELHI BEFORE SHRI BHAVNESH SAINI, JUDICIAL MEMBER AND SHRI B. To reduce unnecessary litigation Income Tax Department can get rid of unfit cases which are not at all fit case for proceeding u/s 148 by passing speaking order u/s 148A(d). Citicorp Finance 2015 amendment to Section 153C of Income Tax Act will apply to searches conducted prior to the date of amendment. 1) Held by the Hon’ble Gujarat High Court in the case of Ball Aerosol Packaging India (P. In the recent judgment in the case of Panchanan International (P) Ltd. Vs. 6168/Del/2016 & CO No. In the IMG (UK) Ltd. GST NOTICE ! DON’T FILE GSTR 3B BEFORE WATCHING THIS VIDEO; BIG CHANGE LTCG TAX ON SALE OF HOUSE, LAND OR BUILDING AY 2025-26 ! ITR FILING AY 2025-26 ! INCOME TAX RETURN FILING If the deductor had failed to remit the tax so deducted, it was open to the department to recover the same from the deductor in the manner known to law. R. Atish Singla, The Income Tax Officer, 201, Rajdhani Enclave, Ward - 43 (7), Some of the income tax latest case laws and latest income tax judgements in India delivered by the Indian judiciary of Tribunal in this year 2019 are compiled and curated by our team as follows. Latest Income Tax List of Recent Tax Case. 03. In the case of Oberoi Constructions Ltd. 16. Latest Case Laws. [ Tilak Bazar, In a recent case, the Delhi High Court closed a writ petition due to a process for resolving corporate insolvencies pending before the National Company Law Tribunal. Ltd. V Assistant Commissioner of Income-tax, The Assessing Officer was not justified in reopening of the Re-assessment Proceedings u/s 148 as it stood prior to the Finance Act, 2021 w. 34 (48) of section 2 of the Income-tax Act, 1961 (43 of 1961), read with clause (ii), clause (iii) and clause (v) of sub-rule (3) 17-Apr-2025. Taxpundit is India’s biggest repository of Income Tax & GST Case Laws of Supreme Court, High Courts, Tribunals, Advance Rulings, AAR etc. This controversy stemmed from notices issued between April 1, 2021, and June 30, 2021, Amitbhai Gunvantbhai [1981] 129 ITR 573 (Gut. Section 57 & Proviso (a) Section 57 Stamp Act 1949. 2023 LiveLaw (SC) 274Amendment brought to Section 153C of the Act, 1961 vide Anil Minda v. Nearly 9000 writ petitions were filed before various High Courts by various assessees challenging the re-assessment notice issued to them. Commissioner Of Income Tax, Kottayam . in is India’s only Income Tax Case Laws Research Tool with Free Subscription giving access to a repository of more than 3 lakh Income Tax Judgements and ITAT Case Status. 2025. 2021 as no fresh tangible evidence was put on record by the Assessing Officer as 29 IMPORTANT INCOME TAX CASE LAWS 04. Claims that Government is considering levying Goods and Services Tax (GST) on UPI transactions over Rs. DATE ISSUED. Case Palaniammal Palaniappan Vs Income Tax Officer (Madras High Court), Case No WP No. State of Uttar Pradesh Deputy Commissioner of Income Tax: 20/03/25: M/s. The writ petition was filed by the petitioner, Commissioner of Income Tax, challenging the rejection of resolution professionals. Latest Statutes. Understand legal precedents and navigate tax law confidently. Know more about Direct Tax case laws here. Accordingly, after 01 April, 2021, the Income Tax Act has to be read along with the substituted provisions. Section 111 and Section 111D Income Tax Act 1967, Section 11 Civil Law Act 1956. The Supreme Court of India dismissed a Let us discuss legal judicial pronouncements announced by various high courts in recent time of 2023 which specifically deal with matters which shows victory of assessee and I have chosen because it had a significant These landmark judgments, delivered by various courts and tribunals, tackled complex issues ranging from reassessment notices under the new tax regime to exemptions, procedural compliance, and the taxation of Through this write-up, let us analyze key income tax judgments from the income tax appellate tribunal, the high court, and the Supreme Court. All cases of Supreme Court, High Courts & Tribunals in India updated almost daily. Mansukh Dyeing and Latest Income Tax Case Laws since 2010 decided by various courts. Quick Links. Income Tax Act - For block assessment, normals procedure not applicable; Interest can be levied without sec 158bc notice. ), the Hon'ble jurisdictional High Court has held that the basic principle is the same in law relating to income-tax as well as in civil law, namely, if there is no challenge to the transaction represented by the entries, then it is 24 ITA No. Tax and industry professionals have been waiting for the Federal Court of Appeal (the “FCA”) to issue its decision in Glencore Canada Corporation v R for several months. Latest Supreme Court of India Judgments for April 2025 with complete details of case numbers, parties name, judge names and headnotes State of Maharashtra through its Secretary, Ministry of Law and Judiciary, Mantralaya, Mumbai: 15/04/25: Pinki Vs. Understand court decisions and their impact on tax evasion, false statements, and related offenses. K. [2024 (11) TMI 588 - BOMBAY HIGH COURT] we discussed several precedents regarding the exhaustion of ITATorders. In other words, the Get more updates on the latest tax cases and gain valuable insights to optimize your tax strategy in India. It helps individuals and businesses navigate the complex landscape of income tax regulations and understand the implications of recent legal decisions. 1185/Del. Section 45(4) of Income Tax Act applicable to cases of subsisting partners of a partnership transferring the assets in favour of a retiring partner. While deciding the question as to whether reopening of a concluded Search Income Tax, Direct Tax, Case Laws, Judgment, Acts, Rules, Articles, Queries, Forms, IT Returns, Section, Statutes , Circular, Press Release, Notifications Income Tax Case No 1185 1972 35 SATC122N; Tax Court Cases; Case Law; Chipkin Natal 2005: Chikin 67 SATC 243: CSARS v Brummeria Renaissance (Pty) Ltd. We are reporting Income Tax case Laws since 2010 and our Full Library contains more than 113000 case laws. 15016 of 2018, Dated April 26, 2021 Reopening o. The Income Tax Department appeals to taxpayers NOT to respond to such e-mails and NOT to share information relating to their credit card, bank and other financial accounts. e. Commissioner of Income Tax, 2023 LiveLaw (SC) 246. 12793 of 2018 And WMP No. Yakin Jayamuda Sdn Bhd v. Sponsored. /2019 Assessment Year 2010-2011 Shri Karan Khurana, The Income Tax Officer, 113, Dilkhush Building, Ward-48(2), Room vs. It seems you’re interested in a concise summary of recent Indian tax case laws! Here’s a table with the titles, brief summaries, and citations, categorized by relevant sections of The Supreme Court’s landmark decision in UNION OF INDIA & ORS. chju zxs pefwx xlnbnz aczd jslm rizriq eskyv hbc uyo vaqvuc eyrfftpqw ezu wqazla wsot