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Recent Posts
- IMPORTANT INCOME TAX CASE LAWS 20.01.2026
- Section 264 Revision allowed to correct Assessee’s own data entry errors; PCIT’s rejection overturned
- Undated Satisfaction Note Vitiates Section 153C Proceedings; Jurisdiction Quashed
- Notice under Section 148 by Jurisdictional AO Quashed; Faceless Scheme Mandates FAO Jurisdiction
- Case Transfer Upheld: Centralization for “Coordinated Investigation” trumps Assessee’s Inconvenience
- Assessment quashed for ignoring assessee’s reply; Violation of Natural Justice
- Capital Gains addition deleted; GPA is not a Joint Development Agreement (JDA)
- 12.5% Ad-hoc Disallowance on Alleged Bogus Purchases Deleted due to Lack of Incriminating Material
- Foreign Tax Credit allowed for past year due to Loss Set-off; MAT inapplicable to Nationalized Banks
- Industrial Development Corporation’s infrastructure activities held as Charitable; Section 11 Exemption Allowed
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