verdicts of direct tax

Revised Return of Income of companies to be accepted by the authorities which are in case of scheme of arrangement for amalgamation etc.

It is incumbent upon Department to assess total income of successor in respect of previous assessment year after date of succession. Thus, where [...]

Not releasing the refund of income tax for the reason of technical glitch in the system is not tenable.

Vide Decision of High Court of Bombay in Vodafone Idea Limited Vs. Commissioner of Income-tax Facts of the Case: This petition is filed for a direction [...]

Show-cause notice issued under section 26(1) of Prohibition of Benami Property Transactions Act, 1988 is not appealable under the court of law.

-         Vide Decision of High court of Delhi in Initiating officer Vs. Appellate tribunal under ther prohibition of [...]