Tax evasion notices to Volkswagen, Kia: What does Indian law say about importing CKD units - Explained
The Bombay High Court said it will hear on February 17 a plea filed by Skoda Auto Volkswagen India challenging the tax demand ...
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Reassessment Cannot Be Arbitrarily Reversed Without Valid Reason: Bombay HC
The court ruled that the reassessment notice was invalid, emphasizing that once an authority determines that reassessment is unnecessary, it cannot reverse its decision arbitrarily without a valid ...
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Landmark Rulings on Reassessment u/s 148 – Post 2021 Amendments
May 4, 2022 The Supreme Court of India, in this case addressed the issue of reassessment notices issued under Section 148 of the Income Tax Act, 1961 in light of the amendments introduced by the ...
Jewellery seized by I-T dept not in bank locker; Bombay high court seeks action
MUMBAI: Observing that it was disturbed by the shabby and insensitive treatment meted out to a senior citizen over the return ...
No tax for up to Rs 12.75 lakh income for salaried under new tax regime as Section 87A tax rebate hiked in Budget 2025
Tax Rebate under Section 87A is given to reduce your taxable income to nil. It is a better option to give tax relief through ...