It is further observed that a company is not a firm, and the prefix is only ever used for a firm and that in the title of ...

In light of the legal precedent and the facts of the case, the Allahabad High Court quashed the impugned order for ...

Issue: Whether a society engaged in promoting technology business incubators and raising funds for start-ups can be ...

Insolvency and Bankruptcy Board of India (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) (Amendment) Regulations, 2025.

The Madras High Court recently considered whether service of notice through the online portal sufficient in terms of S. 169 ...

This appeal has been filed by the Assessee against the order passed by the Ld. Commissioner of Income Tax (Exemption), (in short “Ld. CIT (E)”), Ahmedabad vide order dated 28.08.2024. 2. The assessee ...

ITAT Agra held that matter of levying penalty u/s. 271 (1) (c) of the Income Tax Act restored back to file of AO since Tribunal restored matter of addition towards unexplained cash deposit for ...

This decision reaffirms that tax liabilities should be imposed on the company itself rather than its employees, unless explicitly provided by law. The ruling provides clarity on the extent of ...

Briefly stated, the Bench states in para 19 that, “The Trial Court took the view that the extra-judicial confession alleged to have been by the appellant – herein before (PW 2) could not be said to be ...

In conclusion, the ITAT Mumbai’s decision in Bharat Vanmalibhai Modiya Vs. ITO highlights the legal principle that penalty proceedings cannot survive if the assessment order is invalidated.

During the ITAT hearing, the appellant argued that his lack of response stemmed from unawareness of e-proceedings and the complexity of tax compliance. The tribunal found merit in his plea of genuine ...

ITO pertains to the addition of ₹1.10 crore as unexplained income under Section 69A read with Section 115BBE of the Income Tax Act. During the demonetization period, the assessee had deposited ...