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Indirect Taxes
PMLA | Supreme Court Grants Bail To Accused In Money Laundering Case Linked To Illegal Sand Mining
The Supreme Court has granted the bail to the accused in a money laundering...
Direct Tax
Compensation Received On Account Of Diminution In ESOP Value Is Taxable As Perquisite And Not Capital Gains: Madras High Court
The Madras High Court ruled that the compensation received on account of diminution in...
Direct Tax
Purchase Of ‘Jaguar’ Not A Charitable Activities; Chennai ITAT Denies Income Tax Exemption
The Chennai Income Tax Appellate Tribunal denied the Income Tax exemption while stating that...
Direct Tax
ITAT Chennai Allows Income Tax Deduction U/s 54F On Construction Of New Residential Unit
The Income Tax Appellate Tribunal, Chennai, allowed the Income Tax deduction U/s 54F on...
Direct Tax
15% Dividend Distribution Tax Payable By Company Which Declared, Distributed Or Paid Dividend: Delhi High Court
The Delhi High Court ruled that the Dividend Distribution Tax (DDT) is payable by...
Direct Tax
TDS Collected From Deceased Accident Victim: Andhra Pradesh High Court Grants Liberty To Insurance Company To Object Income
The Andhra Pradesh High Court granted liberty to the insurance company to object the...
Direct Tax
Flipkart Employee Retains ESOPs Even After Receipt Of Compensation, Receipt To Be Taxed As Salary: Madras High Court
The Madras High Court has held that the Flipkart employee retains employee stock ownership...
Direct Tax
Value Adopted By Stamp Valuation Authority On Date Of Agreement To Be Taken For Computing Full Value Of Consideration Of Transfer U/s 50-C Of...
Author: Khushi J PrajapatiIn a recent ruling, the Karnataka High Court has determined that...
Direct Tax
Delhi High Court Deletes Income Tax Addition On Perquisite Value Of Shares Granted Under Employees Stock Purchase Scheme
The Delhi High Court deleted the Income Tax addition on perquisite value of shares...
Direct Tax
Failure To Electronically Upload Form 10CCB Along With ROI Not A Valid Ground For Income Tax Reassessment: Delhi High Court
The Delhi High Court ruled that failure to electronically upload form 10ccb along with...
Direct Tax
Liquidator Should Be Issued Notice And Made To Participate In Income Tax Reassessment Proceedings: Patna High Court
Recently, Patna High Court has ruled that the Liquidator should be noticed and participate...
Direct Tax
Reassessment Notice To Be Issued By FAO And Not JAO: Bombay High Court
The Bombay High Court held that reassessment notice under Section 148 of the Income...
Latest articles
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...