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Direct Tax
Mere Disallowance of Claim Doesn’t Amount to Furnishing Inaccurate Particulars: ITAT Deletes Penalty
The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench, has deleted penalty levied under Section...
Direct Tax
Mere ‘Insight Portal’ Inputs Held Insufficient to Sustain Rs. 89.28 Lakh Addition: ITAT
The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench, has set aside a reassessment initiated...
Direct Tax
0.3% Profit Estimation Upheld in NSEL Paper Transactions; Disallows Rs. 59.52 Cr Bogus Loss: ITAT
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has partly allowed the...
Direct Tax
Assessee Can’t Claim Relief After Missing 3-Year Deadline: Delhi High Court Upholds Rejection of Delay Condonation Plea for Form 10-IC
The Delhi High Court has dismissed a writ petition filed by Mentaura Technologies Pvt....
Direct Tax
Income Voluntarily Declared During Survey Proceedings, Offered In Return Can’t Be Disowned At A Later Stage Alleging Coercion: Karnataka HC
The Karnataka High Court has dismissed an income tax appeal filed by an assessee,...
Direct Tax
FSSAI Delay in Filing ITR Form 10 Condoned: Delhi High Court
The Delhi High Court has held that the tax department must adopt a liberal...
Direct Tax
Job Work Manufacturing Can’t Be Taxed as ‘Renting of Immovable Property’: ITAT
The Customs, Excise and Service Tax Appellate Tribunal, Hyderabad Bench has held that manufacturing...
Direct Tax
No Addition If No Fresh Share Capital or Premium Received During Year: ITAT
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench has held that no addition under...
Direct Tax
Lease Rentals from SEZ IT Parks Taxable as Business Income: ITAT Allows Change of Head of Income in S. 153A Proceedings
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has held that an assessee can...
Direct Tax
Mere Admission of Undisclosed Income Without Explaining Source Attracts S. 271AAB(1)(c): ITAT Reduces Penalty to 30%
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that where...
Direct Tax
Software Expenses Not Capital Asset, Allowable as Revenue; Double Disallowance Cannot Lead to Taxation Twice: ITAT
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that expenditure...
Direct Tax
CIC Order Directing Disclosure of Husband’s Income Tax Details Quashed: Delhi High Court
The Delhi High Court has set aside an order of the Central Information Commission...
Latest articles
Supreme Court
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...
Supreme Court
Non-Signatory Shareholder Bound by Arbitration Clause: Supreme Court
The Supreme Court has held that a shareholder who did not sign a Memorandum...
Supreme Court
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...
GST
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...