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Direct Tax
AO Can Ascertain Fair Market Value of Shares If Doubts Valuation: Delhi High Court
The Delhi High Court has held that the AO can ascertain the Fair Market...
Direct Tax
Only Person Involved In Serious Financial Irregularities To Obtain Income-Tax Clearance Certificate: CBDT
The Central Board of Direct Taxes notified that only persons who are involved in...
Direct Tax
AO Obliged To Refund Amount Which Becomes Payable By An Order Passed In Appeal AO: Delhi High Court
The Delhi High Court ruled that the AO is obliged to refund the amount...
Direct Tax
Income Tax Assessment Order Against Non-Existing Company Liable To Be Quashed: ITAT
The Income Tax Appellate Tribunal, Delhi, ruled that the income tax assessment order against...
Direct Tax
TDS Credit May Be Granted Only When Income Corresponding To TDS Is Assessed To Tax In The Same FY: ITAT
The Income Tax Appellate Tribunal, New Delhi, ruled that TDS credit may be granted...
Direct Tax
Gift From Brother Not Chargeable To Tax In Hands Of Assessee Being Relative: ITAT
The Income Tax Appellate Tribunal, Mumbai, ruled that the gift from a brother is...
Direct Tax
Amount Of Hardship Allowance Received By The Assessee Is Not Income Of The Assessee: ITAT
The Income Tax Appellate Tribunal, Mumbai, ruled that the amount of hardship allowance received...
Direct Tax
Software License Expenditure To Be Revenue In Nature: ITAT
The Income Tax Appellate Tribunal Mumbai ruled that the software license expenditure on similar...
Direct Tax
Income Tax Act Gives Powers To Valuation Officer To Get Details From Assessee In Order To Ascertain Value Of Property: ITAT
The Income Tax Appellate Tribunal, Bangalore, Income Tax Act gives powers to the valuation...
Direct Tax
Determination of Commission @ 2.5% on Value Which was Transferred by Book Entry is Justified: ITAT
The Income Tax Appellate Tribunal ruled that the determination of commission @ 2.5% on...
Direct Tax
Remittance Made By Assessee To Foreign Subsidiary Companies Is Not Taxable In India: ITAT
The Income Tax Appellate Tribunal, New Delhi, held that the remittance made by the...
Direct Tax
GAAR V/S SAAR In Bonus-Stripping Transaction Adopted By Ayodhya Rami Reddy Alla: Supreme Court Admits SLP, Hearing To Be In Sept.
The Supreme Court has admitted the Special Leave Petition (SLP) filed by Ayodhya Rami...
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GST
GST Dept. Can’t Reassess Undisputed Pre-GST CENVAT Credit Through TRAN-1 Proceedings: GSTAT Restores Rs. 32.80 Crore Transitional ITC
The Goods and Services Tax Appellate Tribunal (GSTAT), Thane Bench, has held that GST...
GST
No Mandatory Pre-Deposit in Penalty-Only GST Appeals Arising Before Oct. 1, 2025: GSTAT
The Goods and Services Tax Appellate Tribunal (GSTAT), Hyderabad Bench, has held that taxpayers...
GST
Retrospective Invocation of S. 122(1A) for FY 2018–19 Questioned: Allahabad High Court Stays GST Penalty Recovery
The Allahabad High Court has granted interim protection to a taxpayer by staying coercive...
GST
GST | Allahabad High Court Restores Opportunity to Reply in S. 74 Proceedings, Quashes Adjudication Order Passed Without Hearing
The Allahabad High Court has set aside a GST adjudication order passed against an...