Tax Guru

Internal Director Disputes Not ‘Genuine Hardship’ for ITR Filing Delay: Delhi HC

Delhi High Court held that internal disputes among company directors do not justify condonation of delay in filing ITR, upholding statutory compliance ...
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IIFL Finance Appoints Ex-RBI Deputy Governor BP Kanungo As Chairman

Kanungo served as Deputy Governor of the Reserve Bank of India from 2017 to 2021, and was a Member of the Monetary Policy Committee (MPC).

Taxpayer earned Rs 81 crore tax-exempt income; I-T dept disallowed tax exemption on Rs 17 crore; Taxpayer fights and wins case in ITAT Delhi

Taxpayer earned Rs 81 crore tax exempt income; tax dept sent notice and disallowed tax exemption on Rs 17 crore income; ...
Tax Guru

Appeals Revived as AO’s Effect Orders Fall Under Section 143/144

Chennai ITAT held that dismissing appeals as non-maintainable was erroneous. Orders giving effect to appellate directions retain their character as assessment ...

IIFL Finance Appoints Former RBI Deputy Governor B P Kanungo As Board Chairman

NBFC firm IIFL Finance has appointed former RBI Deputy Governor B P Kanungo as non-executive chairman of the board. The board at its meeting held on Friday approved Kanungo's appointment with ...
Rediff Money

IIFL Finance Appoints B P Kanungo as Chairman

IIFL Finance appoints ex-RBI Deputy Governor B P Kanungo as non-executive chairman. He brings 4 decades of experience.

Dubai-based taxpayer gets I-T notice for unexplained investment in Rs 2 crore Mumbai property; he fights back and gets relief from ITAT Mumbai

After working in Dubai for 20 years Man used Rs 2 crore savings to buy Mumbai property; Tax dept sent notice; he wins case in ...

Taxpayer earned Rs 81 crore tax exempt income; tax dept disallowed tax exemption on Rs 17 crore income; taxpayer fights and wins case in ITAT Delhi

A notable victory has been achieved in the tax arena as a taxpayer triumphed at ITAT Delhi, overcoming a significant hurdle ...