HomeDirect Tax

Direct Tax

Keep exploring

Capital Gains Computed On Depreciable Asset To Be Given Benefit Of Lower Tax Rate: ITAT’s Members Have Dissenting Views

The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) comprising of Amit Shukla (Judicial...

No Depreciation On Toll Roads Is Allowable: ITAT

BackgroundConclusion - Depreciation On Toll RoadsFAQsOn which assets depreciation is not allowed?Is depreciation on...

Signing Of  Assessment Order Is An Integral Part Of Order Generation In E-Assessment: ITAT

BackgroundSubmissions ConclusionWhat Is An Integral Part Of Order Generation In E-Assessment?The Mumbai Bench of...

Depreciation Can Only Be Set Off Against ‘Profits Or Gains’ And Not Against ‘Income From Any Other Sources’: Kerala High Court

BackgroundRelevant ProvisionsConclusionFAQsDepreciation Can Only Be Set Off Against what sources?The Kerala High Court has...

Bandwidth Services Provided Outside India Not Taxable As ‘Royalty’: Delhi High Court

The Delhi High Court ruled that the bandwidth services provided outside India are not...

Latest articles

Gross Receipts Can’t Be Taxed When Expenditure Is Incurred for Achieving Society’s Objects: ITAT

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has held that the...

JURISHOUR | TAX LAW DAILY BULLETIN : 20 June, 2026

Here’s the Tax Law Daily Bulletin for June 20, 2026.GSTTAXPAYER’S RIGHT TO CORRECT GSTR-1...

Service Tax Refund Can’t Be Denied Due to Wrong Registration Code: CESTAT

The Ahmedabad Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has...

Purchase of Residential Property from Spouse Doesn’t Bar S. 54 Relief: ITAT

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that an...