The Himachal Pradesh High Court has elucidated the mandatory twin conditions for transfer of an assessee's case under Section ...

Madras High Court held that Local Committee on High Pitched Scrutiny Assessment are not required to grant an opportunity of being heard as there is no provisions laid down in the SOP. Accordingly, ...

The Delhi High Court has held that Section 159 of the Income Tax Act can be invoked to proceed against the legal ...

The Income Tax department has issued a notification stating that the Income Tax Act discourages cash transactions and will ...

The brochure advises taxpayers to refrain from using cash for daily transactions, particularly those involving significant ...

A major petition calling on the government to change the controversial personal tax allowance thresholds has soared to more ...

Income Tax Department (ITD) in India is a government body that handles the collection and management of direct taxes. Income Tax Department falls under the Department of Revenue, which is part of the ...

There are very precise criteria used to work out who gets the cash - and if you think you've missed out you can ask about it ...

Patna High Court held that issuance of notice and passing of order based on suo motu PAN issued by department, inspite of ...

Initially, the Central Board of Direct Taxes (CBDT) set the original deadline for filing of belated or revised tax returns as ...

The Income Tax Department warns against excessive cash transactions, as violations can lead to heavy penalties.

Any violation of the above limit attracts heavy penalty. “The penal consequences of violating the mandate above is imposition ...