HomeDirect Tax

Direct Tax

Keep exploring

AO Must Examine Allocation of Head Office Expenses Before Granting S. 80-IA Deduction: Calcutta High Court Upholds S. 263 Revision

The Calcutta High Court has upheld the exercise of revisionary jurisdiction under Section 263...

Former ITAT Member in Rs. 30 Lakh Bribery Case Denied Bail: Rajasthan HC

The Rajasthan High Court has rejected the second bail application filed by former Income...

CIT(A) Not Obligated To Obtain AO’s Remand Report When Issue Already Settled By Jurisdictional High Court: ITAT

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has held that the...

Gross Interest Can’t Be Taxed In Hands Of Mere Facilitator: ITAT Restricts Addition To TDS Amount

The Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) has held that where...

S. 68 First Proviso Applies Only To Companies, Not Partnership Firms: ITAT 

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that the...

AOP Profit Share Not Taxable as Revenue Receipt: Supreme Court

The Supreme Court has ruled that reassessment proceedings initiated without fresh tangible material and...

“Payment to Self” Can’t Be Taxed as FTS: ITAT Deletes Addition on Reimbursement Paid by Indian PE to Australian Head Office

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has held that reimbursement...

Difference Between Customs Assessable Value And Invoice Value Can’t Be Taxed As Unexplained Expenditure U/S 69C: ITAT

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has held that the...

ITAT Order Annulling Time-Barred Assessment Where Only Tax Rate, Not Income, Was Altered Upheld: Delhi HC

The Delhi High Court has upheld the ITAT order annulling time-barred assessment where only...

ITAT Delivers Partial Relief to Actor Sonu Sood in Multi-Year Tax Dispute

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has issued a consolidated...

Registered Sale Value, Stamp Duty Valuation Not Conclusive Proof Of Cash Payment In Property Deal: ITAT  

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that the...

Latest articles

Medical Colleges Not Entitled to Five-Year Subvention After TMA Pai Verdict: Supreme Court

The Supreme Court has ruled that private professional colleges cannot claim continuation of the...

Non-Signatory Shareholder Bound by Arbitration Clause: Supreme Court 

The Supreme Court has held that a shareholder who did not sign a Memorandum...

Can Buyers Bypass MSME Council and Invoke Arbitration Act Directly? Supreme Court Leaves Question Open

The Supreme Court has left unresolved a significant legal question concerning the interplay between...

Statutory GST Appeal Can’t Be Circumvented by Mere Natural Justice Allegations: Bombay HC

The Bombay High Court has reiterated that allegations of violation of natural justice, without...