Keep exploring
Direct Tax
Can Commercial Vehicles Qualify for 50% Depreciation? Delhi ITAT Follows Consistent Precedent in Favour of Assessee
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has partly allowed an...
Direct Tax
AO Can’t Reject Recognised Valuation Method Merely Because It Was Not Yet Notified: Delhi High Court Upholds DCF Valuation of Shares
The Delhi High Court has dismissed an Income Tax Department appeal challenging the valuation...
Direct Tax
ITAT Deletes Rs. 5.02 Crore Royalty Transfer Pricing Adjustment, Rejects Unexecuted Franchise Templates as CUP Comparables
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has partly allowed an...
Direct Tax
S. 43CA Can’t Apply to Land Sale Transactions Substantially Completed Before Provision Came Into Force: ITAT
The Jaipur Bench of the Income Tax Appellate Tribunal (ITAT) has allowed an appeal...
Direct Tax
Assessee Must Show “Substantial Question of Law” to Maintain Income Tax Appeal U/s 260A: Calcutta HC
The Calcutta High Court has dismissed an income tax appeal challenging the Income Tax...
Direct Tax
Date of Assessment Order Must Be Excluded While Computing Appeal Limitation: Madras High Court
The Madras High Court has held that the date on which an assessment order...
Direct Tax
S. 264 Can Remedy Double Taxation Even When Mistake Originates From Assessee: Telangana HC
The Telangana High Court has held that the revisional power under Section 264 of...
Direct Tax
AO Can’t Pass Assessment Order Once Limit Lapses As Per S. 153(2) Proviso: Gujarat High Court
The Gujarat High Court has held that the Assessing Officer (AO) can’t pass assessment...
Direct Tax
Penny Stock LTCG Can’t Be Treated as Unexplained Cash Credit Without Evidence Linking Assessee to Price Manipulation: ITAT
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has dismissed Revenue’s appeals...
Direct Tax
Offshore Equipment Supplies Not Taxable in India Without Fixed-Place PE: ITAT
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has delivered a significant...
Direct Tax
ITAT Deletes Rs. 3.80 Crore Penalty: Goodwill Recorded on Demerger Not an International Transaction
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has dismissed the Revenue’s...
Direct Tax
ESOP Capital Gains: ITAT Allows FMV as Cost of Acquisition U/s 49(2AA)
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has ruled that the...
Latest articles
GST
GST Registration Cancellation Quashed Over Missing Verification Report And Unexplained Retrospective Effect: Karnataka High Court
The Karnataka High Court has set aside an order cancelling a firm’s GST registration...
GST
Internal Departmental Delays Can’t Extend GST Refund Appeal Deadline: Karnataka High Court
The Karnataka High Court has dismissed the department’s appeal in a dispute involving recovery...
GST
GST Officer Blocks Rs. 1.61 Crore ITC Beyond His Powers; Allahabad High Court Orders Review Of Similar Cases
The Allahabad High Court has directed the Commissioner, State Tax, to examine whether officers...
GST
GST Recovery Put on Hold as Allahabad HC Flags Substantial Question of Law Over Portal Upload, Communication of Orders
The Allahabad High Court has taken serious note of concerns relating to the chronology...