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ALTERNATE APPELLATE AUTHORITY
Income tax alert: These taxpayers could receive scrutiny notices by June 30, 2026 under Section 143(2)The CBDT has set June 30, 2026, as the deadline for issuing scrutiny notices under Section 143(2) for FY 2025-26 returns. An internal deadl...
Daughter becomes co-owner of family property via oral arrangement; she files tenant eviction case and wins in Supreme CourtA daughter, a co-owner of family property through an oral arrangement, has won a tenant eviction case in the Supreme Court. The court ruled...
Chhattisgarh HC says Economic Value of Frozen Assets must be preserved during PMLA proceedingsThe Chhattisgarh High Court ruled that asset preservation under PMLA includes safeguarding economic value, not just legal control. This all...
Gave up tenancy, got new flat in redeveloped property, then faced income tax notice of STCG of Rs 1.1 crore: How tenant won at ITAT MumbaiA Mumbai tenant successfully challenged a Rs 1.1 crore tax notice. He surrendered tenancy for a new flat in a redeveloped building. The Inc...
US-based son gets tax notice in India over Rs 11 lakh cash deposit made on behalf of parents during demonetisation; ITAT Delhi cancels notice for this reasonA US-based son, Mr. Bussi, successfully challenged an Indian income tax notice after depositing Rs 11 lakh cash into his parents' account d...
SIR in West Bengal: 47 lakh objections disposed of till Mar 31, HC CJ informs SCThe Supreme Court received positive updates on West Bengal's electoral roll revision. Nearly 47 lakh objections have been resolved. The Cal...
Delhi High Court flags natural justice violation in passport impounding case; restores writ petitionThe Delhi High Court has ruled that impounding a passport before a person's reply period expires, without considering their response, viola...
GST amnesty scheme update: Submit screenshot of appeal withdrawn application to become eligible, says GSTNGreat news for Goods and Services Tax payers. The GSTN has issued a new advisory regarding the GST Amnesty Scheme. Taxpayers can now submit...
New update on GST Amnesty Scheme waiver of penalty and interest: These taxpayers need to withdraw their appeal and then apply for the schemeGoods and Service Tax: In a new advisory dated January 14, 2025 GSTN said certain taxpayers are are advised to submit their request for wit...
Land Sales may Come Under Taxman's Lens"This is another instance of divergent ruling by different state authorities," said Harpreet Singh, indirect tax partner at KPMG in India. ...
Money Laundering Tribunal orders "status quo" on Chanda & Deepak Kochhar's properties attached by EDThe Appellate Tribunal ordered that the nature of the properties will not be altered by the Kochhars and also directed the ED to maintain s...
CBDT issues guidance note on MAP, stipulates cases where ITAT has passed orderMAP is an alternative dispute resolution process under the tax treaties, under which competent authorities of two countries enter into disc...
Good news for taxpayers! I-T grievances like high-pitched assessments to be addressed in 2 monthsTaxpayers facing unfair scrutiny by I-T Dept can now attempt to get grievances redressed in a short time before undertaking litigation rout...
'Allotment agency can't ask enhanced price for alternate flat'The order came by the commission after noting that Bhilwaria had already paid the registration charges for the the flat he was allotted ear...
HC refuses to hear Aircel plea over Rs 600-cr tax demand by Tamil Nadu govtAn Aircel spokesperson said, "Aircel has taken the matter up to Supreme Court. We cannot comment further as the matter is now sub judice."
Bombay High Court dismisses Vodafone’s plea against I-T departmentThe dispute relates to a transfer pricing order by the income-tax department which added Rs 8,500 crore to the Indian subsidiary’s taxable ...
Mahindra Satyam assets: ED files petition challenging court orderThe ED had on October 18 last year issued a provisional attachment order of the IT company's fixed deposits in the money laundering case re...
RBI Deputy Governor Subir Gokarn retires, monetary policy dept under Governor D SubbaraoRBI Governor D Subbarao will now be directly in-charge of the monetary policy department which was under Dy Governor Subir Gokarn who has r...
- Lok adalats should not act as judicial courts: SC
Expressing concern over lok adalats taking over judicial role, the Supreme Court has said that the provisions of the Arbitration and Concil...
- TRAI says differential tariffs discriminatory
The Telecom Regulatory Authority of India (Trai) has told the Supreme Court that the differential tariffs levied by private GSM operators.