The Tribunal held that the assessee was not given adequate opportunity to present evidence. The matter was remanded for fresh adjudication considering additional ...

The Supreme Court declined to recall its earlier order, effectively upholding the High Court ruling that TDS was not applicable on payments for imported Business Information Reports. The decision ...

The ITAT held that the PCIT cannot invoke revisionary powers when the same issue is already pending before the appellate authority. The case involved share transaction additions treated as penny stock ...

The Court held that once a resolution plan is approved, prior tax liabilities stand extinguished. Reassessment under Section 148 was therefore ...

The Tribunal held that where interest-free funds exceed investments, no disallowance is warranted. It applied the presumption that investments are made from own ...

Both appeals arise from assessment orders passed under Section 143(3) read with Section 147 of the Income Tax Act, 1961. Since both appeals pertain to the same assessee, they were heard together and ...

The Bombay High Court held that assessment proceedings conducted in the name of a company that ceased to exist after amalgamation are void. All related notices and orders were set aside. The ruling ...

The Bombay High Court upheld ITAT’s ruling that payments for Business Information Reports did not attract TDS under Section 195. The decision relied on consistent AAR rulings on identical ...

The High Court held that once a resolution plan under IBC extinguishes prior tax liabilities, reassessment cannot be initiated. The notice under Section 148 was set aside. The ruling confirms that ...

The Court held that a Section 148 notice issued beyond the statutory six-year limitation period is invalid. It ruled that ...

The amendment replaces the existing ITR-2 form with an updated version for AY 2026-27. The ruling mandates taxpayers to adopt the revised format, ensuring improved compliance and reporting ...

The IBBI flagged improper admission of a joint developer as a financial creditor without adequate verification. The ruling ...