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Direct Tax
Bank Loan Upfront Fee Revenue Expenditure Even Where Loan Is Used for Capital Assets: Delhi High Court
The Delhi High Court has dismissed the department’s appeal challenging the deletion of a...
Direct Tax
Finance Act 2010 Can’t Create Fresh TDS Liability for Offshore Technical Services: Karnataka High Court Reads Down Retrospective Tax Amendment
The Karnataka High Court has allowed a batch of income-tax appeals and a connected...
Direct Tax
Can Commercial Vehicles Qualify for 50% Depreciation? Delhi ITAT Follows Consistent Precedent in Favour of Assessee
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has partly allowed an...
Direct Tax
AO Can’t Reject Recognised Valuation Method Merely Because It Was Not Yet Notified: Delhi High Court Upholds DCF Valuation of Shares
The Delhi High Court has dismissed an Income Tax Department appeal challenging the valuation...
Direct Tax
ITAT Deletes Rs. 5.02 Crore Royalty Transfer Pricing Adjustment, Rejects Unexecuted Franchise Templates as CUP Comparables
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has partly allowed an...
Direct Tax
S. 43CA Can’t Apply to Land Sale Transactions Substantially Completed Before Provision Came Into Force: ITAT
The Jaipur Bench of the Income Tax Appellate Tribunal (ITAT) has allowed an appeal...
Direct Tax
Assessee Must Show “Substantial Question of Law” to Maintain Income Tax Appeal U/s 260A: Calcutta HC
The Calcutta High Court has dismissed an income tax appeal challenging the Income Tax...
Direct Tax
Date of Assessment Order Must Be Excluded While Computing Appeal Limitation: Madras High Court
The Madras High Court has held that the date on which an assessment order...
Direct Tax
S. 264 Can Remedy Double Taxation Even When Mistake Originates From Assessee: Telangana HC
The Telangana High Court has held that the revisional power under Section 264 of...
Direct Tax
AO Can’t Pass Assessment Order Once Limit Lapses As Per S. 153(2) Proviso: Gujarat High Court
The Gujarat High Court has held that the Assessing Officer (AO) can’t pass assessment...
Direct Tax
Penny Stock LTCG Can’t Be Treated as Unexplained Cash Credit Without Evidence Linking Assessee to Price Manipulation: ITAT
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has dismissed Revenue’s appeals...
Direct Tax
Offshore Equipment Supplies Not Taxable in India Without Fixed-Place PE: ITAT
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has delivered a significant...
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Case Compilation
JURISHOUR | TAX LAW DAILY BULLETIN : 13 AUGUST, 2026
Here’s the Tax Law Daily Bulletin for August 13, 2026.GSTNO JURISDICTIONAL BAR U/S 6(2)(B)...
Supreme Court
Electricity Theft Can’t Be Alleged on Suspicion Alone; Inspection Report Must Record Evidence of Theft: Supreme Court
The Supreme Court has held that a consumer cannot be proceeded against for theft...
Supreme Court
2019 POCSO Amendment Can’t Retrospectively Enhance Punishment: Supreme Court Restores Life Imprisonment for Child Sexual Assault
The Supreme Court has restored the life sentence imposed by the trial court on...
Supreme Court
Appellate Courts Must Decide Cases on Existing Evidence Where Issues Are Already Covered: Supreme Court Quashes Remand
The Supreme Court has reiterated that remand of a civil matter to the trial...