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Direct Tax
New TDS Section 194T: 10% TDS Applicable On TDS On Salary, Remuneration, Interest, Bonus Or Commission Of Partners
As of right now, the partnership business is not allowed to deduct tax at...
Direct Tax
ITAT Quashes Income Tax Reassessment Against Hyundai For Being Time Barred
The Income Tax Appellate Tribunal, Chennai, quashed the income tax reassessment against Hyundai for...
Direct Tax
ONUS ON ASSESSEE TO PROVE IDENTITY OF CREDITORS AND THEIR CAPACITY TO ADVANCE MONEY GENUINENESS OF TRANSACTION: CHHATTISGARH HIGH COURT
Author: Khushi J PrajapatiThe Chhattisgarh High Court ruled that the burden of proof rests...
Direct Tax
CBDT Not Empowered Extending Cut-Off Date To Make Section 245C Application: Bombay High Court
The Bombay High Court ruled that CBDT is not empowered for extending the cut-off...
Direct Tax
Himachal Pradesh High Court Stays Income Tax Reassessment Notice Not Issued In Faceless Manner
The Himachal Pradesh High Court stayed the Income Tax reassessment notice not issued in...
Direct Tax
Income Tax Reassessment Can’t Be Based On Allegations Of Delayed Digital Filling Of Form 10: Delhi High Court
Author: Khushi J. PrajapatiThe Delhi High Court held that income tax reassessment proceedings cannot...
Direct Tax
Income Tax Reassessment Can Be Initiated On Financial Transactions Liable To Be Taxed Having Escaped Assessment & Not Otherwise: Delhi High Court
Author: Khushi J. PrajapatiThe Delhi High Court held that income tax reassessment can only...
Direct Tax
Income Derived From Transfer Of Capital Asset Was Not Taxable Within Provisions Of Section 9(1)(I)(A) Of Income Tax Act: ITAT
Khushi J. PrajapatiThe Income Tax Appellate Tribunal (ITAT), Delhi held that the income derived...
Direct Tax
SETTLEMENT CONSIDERATION TO EX-EMPLOYEE FOR RELINQUISHING RIGHTS TO EQUITY SHARES BE TAXED UNDER CAPITAL GAINS: DELHI HIGH COURT
Author: Khushi J PrajapatiThe Delhi High Court ruled that the settlement consideration received by...
Direct Tax
Mere Existence Of Chapel In Nuns’ Residence Can’t Make Building Itself Place Intended For “Public Worship”, Property Tax Applicable: Kerala High Court
The Kerala High Court while upholding the property tax liability held that mere existence...
Direct Tax
BREAKING | Income Tax Dept’s Big Win | TOLA Applicable To Income Tax Act Beyond Specified Date, Rules Supreme Court
In a major relief to the Income Tax Department, the Supreme Court has ruled...
Direct Tax
TOLA Will Apply To Income Tax Act After 1 April 2021, Rules Supreme Court: Know Key Observations
The Supreme Court has held that the Taxation and Other Laws (Relaxation & Amendment...
Latest articles
GST
Company Must Be Made Accused Before Fastening Vicarious Liability Against Director In GST Prosecution: Punjab & Haryana High Court
The Punjab & Haryana High Court has held that a director cannot be prosecuted...
Indirect Taxes
Coal Beneficiation Not Taxable as ‘Business Auxiliary Service’ Before June 1, 2007: CESTAT
The Principal Bench of the Customs, Excise & Service Tax Appellate Tribunal (CESTAT), New...
Indirect Taxes
CESTAT Upholds Service Tax Demand on Labour Contractor
The Principal Bench of the Customs, Excise & Service Tax Appellate Tribunal (CESTAT), New...
Direct Tax
Black Money Act Notice Issued Nearly 1 Year Late, Holds CBDT’s 30-Day Timeline Binding: ITAT
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has quashed Black Money...