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Direct Tax
Relief To Axis Bank: Discount On ESOPs Is Allowable As Deduction: ITAT
In a major relief to Axis Bank, the Income Tax Appellate Tribunal (ITAT) Ahmedabad...
Direct Tax
Delhi High Court Directs Income Tax Department To Process Application For Exemption Made By NOIDA
The Delhi High Court has directed the income tax dept. to process application for...
Direct Tax
Foreign Tax Credit Claim Tallied With Computation: Madras High Court Directs Income Tax Dept. To Reconsider
The Madras High Court has directed the department to reconsider the claim of Foreign...
Direct Tax
Section 115 BAC Doesn’t Bar Carry Forward And Set Off Of Losses Under Capital Gains: ITAT
The Pune Bench of Income Tax Appellate Tribunal (ITAT) has held that Section 115BAC...
Direct Tax
Temple Not In Same State As It Was Prior To Demolition Is A Matter Of Genuine Hardship: Karnataka High Court Condones Delay In Filing...
The Karnataka High Court has condoned the delay in filing the return by the...
Direct Tax
Notice Initiating Assessment Proceedings In The Name Of Deceased Assessee Is Void Ab-Initio: ITAT
The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench held that notice issued initiating assessment...
Direct Tax
ITAT Upholds Assessee’s Claim Within The Period Of 3 Years From The Sale Of Land
The Income Tax Appellate Tribunal, Ahmedabad upheld the Assessee's claim within the Period of...
Direct Tax
Section 12AA Registration Can’t Be Deemed To Be Granted, If Application Not Disposed Within 6 Months: Bombay High Court
The Bombay High court has held that Section 12AA of the Income Tax Act...
Direct Tax
Rental Income From Leasing Of Properties Assessable As Income From Profits And Gains Of Business: Bombay High Court
The Bombay High Court has held that the rental income from leasing of its...
Direct Tax
Imparting Education Through Virtual Mode Or By Adoption Of New Technologies Qualifies Income Tax Exemption: Delhi High Court
The Delhi High Court ruled that imparting education through virtual mode or by adoption...
Direct Tax
No Income Tax Payable On Tamil Nadu Advocates welfare Fund: ITAT
The Income Tax Appellate Tribunal Chennai, ruled that no income tax payable on Tamil...
Direct Tax
Gujarat High Court Restraints Income Tax Dept. From Initiating Recovery Proceedings During Pendency Of Appeals Before CIT(A)
The Gujarat High Court has restrained the income tax department from initiating recovery proceedings...
Latest articles
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...
Indirect Taxes
Customs Interest Can’t Be Backdated Before Confiscation Liability Is Determined; Nearly 8 Year Period Excluded: Delhi HC
The Delhi High Court has held that interest arising from customs confiscation and redemption...