ITAT Ahmedabad held that non-compliance to notices issued u/s. 250 by CIT (A) resulted into delayed appellate proceedings. Accordingly, cost of Rs. 5,000 imposed on the assessee for lack of diligence.

In the case of Karunakaran Leela vs. ITO, the ITAT Chennai reviewed the addition of ₹36.50 lakh made under Section 68 of the Income Tax Act for unexplained cash credits linked to unsecured loans. The ...

Interpretation of exemption notifications under Indian tax legislation has always been at the forefront of debates. A tax law ...

Among these, IA No. 666/2023, which sought leave to appeal, required no orders as it was clarified by the Principal Bench of NCLAT that under Section 61 of the Insolvency and Bankruptcy Code (IBC), ...

National Company Law Appellate Tribunal (NCLAT) in Chennai recently dismissed the appeal of Lanco Infratech Employees Welfare Association, which sought the payment of retention allowance to its ...

2. The above declaration shall have to be filed separately for each ”.

CENTRAL TAX on January 23, 2025, implementing a decision from the 55th GST Council meeting regarding the waiver of late fees ...

ITAT Mumbai, in its decision on the appeal by the Revenue, upheld the CIT (A)’s order that had partly allowed the appeal of Welspun Steel Limited regarding the disallowance made under Section 14A of ...

Parmar (Jain), the Bombay High Court addressed an appeal concerning alleged bogus purchases. The Revenue argued that the ...

DCIT, the Bombay High Court examined the legality of reopening assessments under Section 148 of the Income Tax Act. Bennett ...

In view of the above, the Hon’ble High Court has held that the impugned order passed by the respondents is in violation of ...