ITAT Quick Weekly Flashback: 1 To 7 September, 2024
Failure To Disclose Closure Of Business To Income Tax Dept. Amounts To Deliberate Malicious Act Of Concealment: ITATCase Title: Real Cargo Mumbai Versus ITOThe...
Indirect Tax Quick Weekly Flashback: 1 To 7 September, 2024
Bombay High CourtState Can’t Retain Excess Stamp Duty Citing Limitation: Bombay High CourtCase Title: Nanji Dana Patel Versus State of MaharashtraThe Bombay High...
Exigibility Of Tax On Royalty Payments Is Still Pending Before Supreme Court; Madhya Pradesh High Court Permits Dept. To Proceed With SCN
The Madhya Pradesh High court, Jabalpur Bench, while hearing the writ petitions stated that the issue with regard to exigibility of tax on royalty...
PMLA | Delhi High Court Quashes Look-Out-Circular Restricting Sobha’ MD Jagadish Nangineni To Travel Abroad
The Delhi High Court has quashed the look-out-circular restricting Sobha’s Managing Director Jagadish Nangineni to travel abroad on the grounds that he was allegedly...
Income Tax Deduction Allowable On Expenditure Incurred On Brokerage Recovery From Builder: ITAT
The Mumbai Bench of Income Tax appellate Tribunal (ITAT) has held that income tax deduction is allowable on expenditure incurred on brokerage recovery from...
AO Failed To Investigate Instances Of Funds Misappropriation; ITAT Upholds Revision Challenging Income Tax Exemption
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) has upheld the revision challenging income tax exemption on the grounds that the Assessing Officer...
Bombay High Court Quashes ADG-DGGI Unreasoned Attachment Order
The Bombay High Court, Nagpur Bench has quashed the Attachment Orders passed by the Commissioner/ADG-DGGI, being bereft of any reason for forming an opinion.The...
Mandatory Condition Of Prima Facie Anti-Competitive Agreements, Abuse Of Dominant Position Absent, CCI Can’t Direct Investigation: Gauhati High Court
The Gauhati High Court has held that the decision of the Competition Commission of India (CCI) in directing investigation without fulfilment of mandatory pre-condition...