A new investor who has started investing from January 2024, has his portfolio turned red, but new investor must not panic from these situations and stick to his investment strategy. At first he must ...

The Bombay High Court dismissed appeals filed by Refrigerated Distributors Pvt Ltd against the Deputy Commissioner of Income Tax (DCIT) concerning assessment years 2007-08 to 2012-13. The central ...

The ITAT admitted this additional ground, which focused on a procedural defect in the show-cause notice issued under Section 274 read with Section 271 (1) (c). The assessee’s counsel argued that the ...

In the case of Abha Saraf vs Union of India, the Patna High Court dismissed the petition challenging the issuance of an income tax notice under Section 148 of the Income Tax Act, 1961. The petitioners ...

However, the Patna High Court distinguished this case, noting that the AO had recorded detailed reasons and that the Commissioner’s written satisfaction referenced those reasons. It ruled that while ...

This order, dated April 11, 2025, addresses an appeal filed by charitable Trust against the Commissioner of Income Tax (Exemption), Pune’s decision to reject their application for registration under ...

Delhi High Court recently addressed a petition filed by Ishita Varshney Jain challenging notices issued against her under Section 153C of the Income Tax Act, 1961. The notices, dated October 18, 2023, ...

In response to the show-cause notice dated March 24, 2014, the assessee issued a prompt reply on March 28, 2014 disclosing voluminous documents and claiming such documents to be the evidence of the ...

The primary issue revolved around the procedural compliance required for reassessment proceedings, specifically the necessity for a separate “satisfaction note” for each assessment year. The Karnataka ...

The Tribunal noted that although the assessee was not present during the hearing, it proceeded to decide the matter based on ...

NCLT Mumbai approved resolution plan of Corporate Debtor [Cane Agro Energy (India) Ltd] as submitted by resolution applicant ...

NCLT Chandigarh held that since resolution plan in respect of Nav Jyoti Agro Foods Private Limited meets requirement of ...