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Finding that the CIT(A) has deleted the disallowance merely by accepting the contentions of the assessee before it without dealing with the finding of the AO, the Ahmedabad ITAT directed the CIT(A). ....
The Delhi High Court dismisses Revenue s appeal against ITAT s order in case of Dabur India Ltd., while reiterating that for purpose of deduction u/s 80IB & 80IC of the Income tax Act, the. ....
The Delhi High Court has quashed the initiation of assessment proceedings under Section 153C of the Income Tax Act, which was falling beyond the maximum 10-year block period.The bench of Justice. ....
The Congress party has been issued a notice of around Rs 1,823 crore by the Income Tax department, adding to its financial worries before the crucial 2024 Lok Sabha elections, as per a report from TOI on Friday. This action follows the rejection of the party s appeal against reassessment proceedings for four assessment years by the Delhi High Court. The newly imposed demand relates to assessment years 2017-18 to 2020-21, encompassing penalties and interest. ....
Assessments against the Congress party were reopened for 7 years (assessment years 2014-15 to 2020-21), based on incriminating material seized, the sources added. During search operations, specifically in April 2019, extensive use of cash in the electoral process was found, sources added. ....