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Direct Tax
Mandatory Inquiry into Genuineness of Activities Before Grant of 12AB & 80G Registration: Delhi High Court
The Delhi High Court has held that registration under Section 12AB and approval under...
Direct Tax
Delhi High Court Reduces TDS to 2% on SaaS Payments, Quashes 15% Certificate Issued to US Firm
The Delhi High Court has set aside a 15% tax deduction certificate issued to...
Direct Tax
Reopening Can’t Be Solely Based On Alleged Non-Disallowance Under S. 14A: ITAT
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has quashed reassessment proceedings...
Direct Tax
Income Tax Reopening Over Rs. 1.59 Crore Cash Deposits Dropped After PAN Found Wrongly Linked; No Addition Made
The Income Tax Department has dropped reassessment proceedings initiated against an individual assessee for...
Direct Tax
Foreign Tax Credit Can’t Be Denied for Delay in Filing Form No. 67: Delhi High Court
The Delhi High Court has held that the Foreign Tax Credit (FTC) cannot be...
Direct Tax
IBC Can’t Override Benami Attachment: Supreme Court Dismisses Liquidators’ Appeals with Rs. 5 Lakh Costs
The Supreme Court has ruled that attachment and confiscation proceedings initiated under the Prohibition...
Direct Tax
ITAT Quashes Rs. 31.65 Lakh Penalty for Defective Notice U/s 271(1)(c)
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has quashed a penalty...
Direct Tax
S. 263 Revision Invalid Where AO Took Plausible View on Unlisted Share Gains as Capital Gains: Calcutta High Court
The Calcutta High Court has held that revision under Section 263 of the Income...
Direct Tax
NIL TDS Certificate Must Be Issued Where Airline Income Is DTAA-Exempt: Delhi HC Grants Relief To British Airways
The Delhi High Court has set aside an order of the Income Tax Department...
Direct Tax
No TDS on Matching Solutions as FIS under India–US DTAA: Delhi High Court Orders NIL Withholding
The Delhi High Court has directed the Income Tax Department to issue a NIL...
Direct Tax
Income Tax Dept. Acted Contrary to Earlier Court Directions by Issuing 5.25% TDS Withholding Certificate Instead of Nil Rate to E&Y: Delhi HC
The Delhi High Court directed the Income Tax Department to issue a Nil-rate Tax...
Direct Tax
CBDT Clarifies LTC, Medical Reimbursement & Sections 80DD/80DDB Not Available Under New Tax Regime u/s 115BAC
In a significant clarification impacting salaried taxpayers and government departments, the Central Board of...
Latest articles
Indirect Taxes
R. 6(3) Option Can’t Be Forced on Taxpayer; CESTAT Quashes Rs. 12.36 Crore CENVAT Credit Demand
The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), New Delhi, has held that...
Indirect Taxes
CESTAT Quashes ₹2.31 Crore Service Tax Demand on Legal Services
The Principal Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), New...
GST
ICAI Releases Revised Handbook on Finalisation of Accounts with GST Perspective [DOWNLOAD NOW]
The Institute of Chartered Accountants of India (ICAI) has released the revised edition of...
Direct Tax
Supreme Court Resolves Reassessment Jurisdiction Dispute: Clarifies Role of Jurisdictional and Faceless Assessing Officers Under Income Tax Law
The Supreme Court has settled the long-standing controversy over whether reassessment notices and orders...