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I-T dept orders do not prove or disprove charge in disproportionate assets case: SC | India News

India News: Supreme Court reiterates income tax orders aren't enough to discharge accused in asset cases, requiring independent evidence. Plea of NDMC architect r ....

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Brainstorming underway at highest echelons of India's tax admin to figure out ways to deal with 'retrospective' character of black money law

Brainstorming underway at highest echelons of India's tax admin to figure out ways to deal with 'retrospective' character of black money law
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CBI books former income tax additional commissioner Santosh Karnani in fresh bribery case

Former income tax additional commissioner Santosh Karnani is facing a fresh corruption case, as the CBI accuses him of sharing confidential informatio ....

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SC Judgement on Asset Revaluation To Hit Hard Builder, Developer Partnership Firms

An important judgement by the Supreme Court will have huge implications for builders and developers, who have been avoiding tax by routing transactions through partnership firms. ....

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Filing Revised ITR To Reinstate Claim for Carrying Forward Loss Not Allowed: SC

While setting aside an order passed by the High Court of Karnataka, the Supreme Court ruled that by filing the revised return of income, the assessee cannot be permitted to substitute the original return of income filed under section 139(1) of the Income Tax (I-T) Act. ....

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