Income Tax Act, 1961 with Section 142(1) Archives

Supreme Court clarifies penalty provisions under Section 271AAA of the Income Tax Act in search cases: K. Krishnamurthy vs. The Deputy Commissioner of Income Tax (2025)

February 13, 2025 / Income Tax Act, 1961, Income Tax Act, 1961 with Section 132, Income Tax Act, 1961 with Section 142(1), Income Tax Act, 1961 with Section 271AAA, J.B. Pardiwala, Judges, Manmohan J.

Introduction Date of the Judgment: February 13, 2025 Citation: 2025 INSC 208 Judges: J.B. Pardiwala and Manmohan J. When can tax authorities impose penalties following a search operation? The Supreme Court of India addressed this question in a recent case concerning Section 271AAA of the Income Tax Act, 1961. The court clarified the scope and […]

Supreme Court clarifies penalty provisions under Section 271AAA of the Income Tax Act in search cases: K. Krishnamurthy vs. The Deputy Commissioner of Income Tax (2025) Read Post »

Supreme Court clarifies the nature of income from transfer of development rights: Commissioner of Income Tax vs. Glowshine Builders & Developers Pvt. Ltd. (04 May 2023)

Supreme Court Clarifies Income Tax on Development Rights Transfer: Commissioner of Income Tax vs. Glowshine Builders (2023) Date of the Judgment: 04 May 2023 Citation: 2023 INSC 492 Judges: M.R. Shah, J. and B.V. Nagarathna, J. When is the sale of development rights considered a business transaction, and when is it a capital gain? The