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Direct Tax
Sales Tax Subsidy Received Under State Industrial Policy Constitutes Capital Receipt, Not Liable To Income Tax: Punjab and Haryana High Court
The Punjab and Haryana High Court has ruled in favour of Vardhman Textiles Ltd,...
Direct Tax
Delay by Assessee Can’t Validate an Otherwise Invalid S. 148 Notice, When Recovery Proceedings Are Initiated: Bombay HC
The Bombay High Court has held that the delay by assessee cannot validate an...
Direct Tax
Charitable Trusts Move Bombay High Court Against I-T Dept’s ‘Irrevocability’ Clause Demand
A group of public charitable trusts and professional bodies have approached the Bombay High...
Direct Tax
ESOP, IT Support and Promotional Expenses Allowable as Business Deductions: ITAT
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has partly allowed the...
Direct Tax
Penalty Can’t Be Levied On Axis Bank For Change In Accounting Policy: ITAT
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has quashed penalty proceedings...
Direct Tax
Sub-Registrar Must Inform Income Tax Dept if Over Rs. 2 Lakh Paid in Cash Before FIR? Allahabad HC Issues Notice
The Allahabad High Court has issued the notice to government on a plea challenging...
Direct Tax
Income Tax Dept. To Release of Seized Jewellery After 9 Years: Bombay High Court
The Bombay High Court has directed the Income Tax Department to release jewellery worth...
Direct Tax
Delhi HC Quashes Draft Tax Assessment Order Over Procedural Lapse in Faceless Proceedings
The Delhi High Court has set aside a draft assessment order issued observing that...
Direct Tax
Indefinite Lookout Circular Violates Fundamental Rights After Tax Proceedings Conclude: Delhi HC
The Delhi High Court has held that the continued operation of a lookout circular...
Direct Tax
Whether DocuSign’s E-Signature Payments Qualify as ‘Royalty’ Under India–US Treaty? Delhi HC Cuts Tax Withholding Rate
In a ruling centered on the core legal question of whether payments for e-signature...
Direct Tax
ITAT Can’t Adjourn Matters Sine-Die Solely Due to Pending Appeal Without Stay: Delhi HC
The Delhi High Court has held that the Income Tax Appellate Tribunal (ITAT) cannot...
Direct Tax
Lack of Reasoned Order on FTS Classification Invalidates 10% Tax Withholding; Delhi High Court Cuts Rate to 2%
The Delhi High Court has ruled that a tax withholding certificate issued without adequate...
Latest articles
GST
CBI Books GST Superintendent in Fresh FIR Over Rs. 20.40 Lakh Disproportionate Assets Case
The anti-corruption branch of the Central Bureau of Investigation (CBI) has registered a second...
Indirect Taxes
No Estoppel in Tax Classification: Madras High Court Allows Reclassification of Processed Tobacco as ‘Unmanufactured Tobacco’
The Madurai Bench of the Madras High Court has held that tobacco subjected only...
Indirect Taxes
CBI Officials Convicted for Illegal Arrest of IRS Officer; Court Says Action Was Malafide and Beyond Official Duty
A court at Tis Hazari Courts has convicted two officials of the Central Bureau...
GST
GST Confiscation Notice Invalid if ‘Intent to Evade Tax’ Not Formed Within 6 Days: Gujarat High Court
The Gujarat High Court has quashed a confiscation notice issued under Section 130 of...