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Direct Tax
Delhi High Court Upholds Income Tax Settlement Commission’s Action In Restricting Interest Liability To Application Admission Date
The Delhi High Court has upheld the action of Income Tax Settlement Commission (ITSC)...
Direct Tax
Income Tax Deduction Allowable On Interest Income Earned From Deposits With Co-operative Banks: ITAT
The Income Tax Appellate Tribunal Ahmedabad ruled that the Income Tax deduction is allowable...
Direct Tax
Loan Repayment Supports The Genuineness Of Transactions; ITAT Deletes Income Tax Addition
Author: Khushi J PrajapatiThe Income Tax Appellate Tribunal (ITAT) Ahmedabad upheld the decision of...
Direct Tax
CBDT Specifying Circumstances For Enquiries/Verification Functions
The Central Board of Direct Taxes has issued order under proviso to Section 144B(5)...
Direct Tax
ITAT Deletes Income Tax Addition Sold Based On Statements Recorded Without Corroborative Evidence Of Unaccounted Sales
The Income Tax Appellate Tribunal, Delhi, deleted the income tax addition sold based on...
Direct Tax
AO Accepted Co-Owner’s Indexed Renovation Expenses, Assessee Not Required To Produce Documents: Gujarat High Court
The Gujarat High Court has held that the assessing officer (AO) accepted the co-owner's...
Direct Tax
Fresh Registration Of Charitable Trusts Could Be Granted Only From Year Of Preferring Application: ITAT
The Income Tax Appellate Tribunal, Delhi, ruled that fresh registration of charitable trusts could...
Direct Tax
Plea Challenging Genuineness Of Transaction Can’t Be Raised In Appeal Before High Court If Not Raised Before ITAT: Karnataka High Court
The Karnataka High Court while dismissing the appeal of the Department held that plea...
Direct Tax
Reassessment Notice Issued By JAO Is Invalid: Bombay High Court
The Bombay High Court ruled that reassessment notice issued by JAO is invalid.The bench...
Direct Tax
Relief To Vodafone: Supreme Court Dismisses Dept’s SLP On Taxability Of Interconnect Charges And TDS Liability Fastening Basis Retrospective Amendment
The Supreme Court Dismissed the department's Special Leave Petition (SLP) on taxability of interconnect...
Direct Tax
Wilful Concealment Of Income: Calcutta High Court Uphold Prosecution
The Calcutta High Court Upheld the Prosecution against assessee.The bench said that Sri Bachchraj...
Direct Tax
Building Association Can Claim Expenditure Against Interest Income: ITAT
The Income Tax Appellate Tribunal, Ahmedabad held that the building association can claim expenditure...
Latest articles
Direct Tax
Live Cricket Broadcast Fees Not Royalty; ₹6.26 Crore IPL Player Release Fees Also Get Tax Relief: ITAT
The Income Tax Appellate Tribunal (ITAT), Delhi, has held that Rs. 244.78 crore received...
Direct Tax
‘On-Money’ Addition Deleted As Third-Party Excel Sheet Failed To Establish Undisclosed Payment: ITAT
The Income Tax Appellate Tribunal (ITAT), Mumbai, has deleted an addition of ₹2.5 crore...
Direct Tax
2 Flats Merged Into 1 Home Qualify For Capital Gains Exemption: ITAT
The Income Tax Appellate Tribunal (ITAT), Mumbai, has upheld capital gains exemptions totalling ₹28.45...
Indirect Taxes
Dealer Incentives Can’t Be Taxed Merely on Ledger Entries: CESTAT
The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Kolkata, has set aside a...