The Gujarat High Court set aside a Section 148 notice after finding no direct or indirect connection between the assessee and the seized third-party documents. The Court held that reassessment based ...

Pune ITAT restored the matter to the CIT(A) after the assessee argued that adequate opportunity was not provided to explain the source of funds received. The Tribunal directed fresh adjudication with ...

The income tax department in India has stated that the burden of proof to establish the creditworthiness of an investor lies with the company being assessed. This comes after several startups, ...

Her legal representative, V Preethi, responded on November 28, 2023, informing the department of the assessee’s death. Despite this, on March 29, 2024, the department issued an assessment order under ...

New Delhi: The Supreme Court has held that an assessee must comply with a summons and furnish a response to a show cause notice when issued by either the Central or State tax authority. Under the ...

https://www.thehindubusinessline.com/economy/policy/no-legal-obligation-on-heirs-to-inform-it-dept-about-deceased-assessee-delhi-hc/article32117344.ece Copy The Delhi ...

The High Court of Karnataka has held that property acquired in the spouse’s name is eligible for exemption under Section 54 of the Income Tax Act, which deals with profit on the sale of property used ...