The Court held that the tax authority wrongly dismissed a delay condonation plea without considering the assessee’s serious medical condition. The ruling emphasizes that genuine hardship must be ...
The Central Board of Direct Taxes (CBDT) has discovered undisclosed income amounting to Rs 888.82 crore from transactions in virtual digital assets (VDAs) — including cryptocurrencies and NFTs — ...
The Central Board of Direct Taxes (CBDT) has detected undisclosed income of Rs 888.82 crore arising from virtual digital ...
Income tax refunds for FY 2024–25 are delayed due to late ITR form releases, stricter data checks, and heavy CPC load, say ...
Delhi High Court ruled that prosecution under Income Tax Act Sections 276C and 278E can proceed when evaded tax exceeds Rs.25 crores, even if appeals are pending, confirming proper authority ...
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Employer deducted TDS but didn’t deposit it: ITAT Kolkata saves employee from Rs 14 lakh tax demand
In a noteworthy decision, the Income Tax Appellate Tribunal in Kolkata has come to the aid of an employee who found ...
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