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Direct Tax
ITAT Quashes Search Assessments Over Mechanical S. 153D Approval for Each AY
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has quashed assessments framed...
Direct Tax
ITAT Remands Rs. 1.47 Crore Addition Over Unexplained Cash Deposits Under S. 69A
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) has set aside an addition...
Direct Tax
ITAT Slams Income Tax Dept. For on Third-Party Statements Without Independent Inquiry
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has deleted an addition...
Direct Tax
No PE for Oracle Systems in India: ITAT Deletes Notional Royalty Additions
The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has ruled in favour of Oracle...
Direct Tax
Same Bank Deposits Can’t Be Subjected To Reassessment Twice: Orissa HC
The Orissa High Court has quashed reassessment proceedings initiated by the Deputy Commissioner of...
Direct Tax
Sales Tax Subsidy Received Under State Industrial Policy Constitutes Capital Receipt, Not Liable To Income Tax: Punjab and Haryana High Court
The Punjab and Haryana High Court has ruled in favour of Vardhman Textiles Ltd,...
Direct Tax
Delay by Assessee Can’t Validate an Otherwise Invalid S. 148 Notice, When Recovery Proceedings Are Initiated: Bombay HC
The Bombay High Court has held that the delay by assessee cannot validate an...
Direct Tax
Charitable Trusts Move Bombay High Court Against I-T Dept’s ‘Irrevocability’ Clause Demand
A group of public charitable trusts and professional bodies have approached the Bombay High...
Direct Tax
ESOP, IT Support and Promotional Expenses Allowable as Business Deductions: ITAT
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has partly allowed the...
Direct Tax
Penalty Can’t Be Levied On Axis Bank For Change In Accounting Policy: ITAT
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has quashed penalty proceedings...
Direct Tax
Sub-Registrar Must Inform Income Tax Dept if Over Rs. 2 Lakh Paid in Cash Before FIR? Allahabad HC Issues Notice
The Allahabad High Court has issued the notice to government on a plea challenging...
Direct Tax
Income Tax Dept. To Release of Seized Jewellery After 9 Years: Bombay High Court
The Bombay High Court has directed the Income Tax Department to release jewellery worth...
Latest articles
Direct Tax
Vivad Se Vishwas Benefit Can’t Be Denied Merely Because Case Originated From Survey Material Linked to Search Proceedings: Gujarat High Court
The Gujarat High Court has held that an assessee cannot be denied the benefit...
Indirect Taxes
CESTAT Quashes Excise Duty Demand Before March 2008 in Alleged MRP Suppression Case, Orders Fresh Recalculation
The Ahmedabad Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has...
Indirect Taxes
No Sugar Cess Payable on Sugar Exported Out of India: CESTAT
The Ahmedabad Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has...
Indirect Taxes
DGFT Public Notice Can’t Impose Actual User Condition on Transferable DFIA: CESTAT
The Kolkata Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has...