Delhi High Court Disapprove Dept’s Endeavours To Attribute Excess Profits To Adobe
The Delhi High Court, in a compelling judgment, frowned upon the department's endeavours to attribute excess profits to an Adobe Enterprise in India by...
Bombay High Court Quashes Reassessment Notices Against Non-Existing Company Despite Full Knowledge Of Merger: Bombay High Court
The Bombay High Court has refused to condone the fundamental error in issuing the impugned notices against a non-existing company despite full knowledge of...
Supreme Court Stays Granting Of Tax Treaty Benefits To Tiger Global In Flipkart Deal [READ ORDER]
The Supreme Court has granted the stay on the Delhi High Court judgement granting Tax Treaty benefits to Tiger Global In Flipkart Deal.The bench...
Andhra Pradesh High Court Quashes Assessment Order Lacking DIN
The Andhra Pradesh High Court has quashed the assessment order lacking Director Identification Number (DIN).The bench of Justice R Raghunandan Rao and Justice Maheswara...
AO Is Not Only Adjudicator But Also an Investigator: Kerala High Court
The Kerala High court has held that the role of the assessing officer under the Income Tax Act, 1961 is not only that of...
Direct Tax Weekly Flashback: 19 to 25 January 2025
Here’s a Direct Tax Weekly Flashback from 19 to 25 January 2025.Delhi High CourtRates Charged By SEB For Supply Of Power Is An Appropriate...
Income Tax Dept. Defrauded By Scammer 60 Times: Scammer Deployed By Aggrieved Businessmen On Commission Basis
Kamlesh Shah, a resident of Science City Road, has been implicated in a widespread scam that defrauded the Income Tax Department in at least...
Section 87A Rebate PIL Disposed Of By Bombay High Court: Issue Of Adjudication Of Eligibility Of Rebate Left To Dept.
The Bombay High Court has disposed of the Public Interest Litigation (PIL) pertaining to the eligibility of rebate under Section 87A of the Income...
CBDT Issues Guidance For Application of PPT Under India’s Double Taxation Avoidance Agreements
The Central Board of Direct Taxes (CBDT) has issued guidance for application of Principal Purpose Test (PPT) under India's Double Taxation Avoidance Agreements.The Multilateral...
Bombay High Court Quashes Order Made By Officer Who Had Never Heard Petitioner, Directs CBDT To Reconsider
The Bombay High Court while directing the matter back to the Central Board of Direct Taxes (CBDT) quashed the order made by an officer...
CBDT Notifies Special Provisions For Computing Profits And Gains Of Business Operation Of Cruise Ships In Case Of Non-Residents
The Central Board of Direct Taxes and Customs (CBDT) has notified the Special provisions for computing profits and gains of business of operation of...
31st January Is Approaching, Hurry Up! Determine Amount Payable Under Direct Tax Vivad Se Vishwas Scheme 2024
As the deadline of 31st January 2024 approaches, taxpayers under dispute with the income tax department have a final opportunity to resolve their cases...
Objections Raised By Assessee Not Rebutted By AO In Order: Bombay High Court Quashes Reassessment Notice
The Bombay High Court has quashed the reassessment notice on the grounds that the objections raised by assessee not rebutted by the Assessing Officer...
Bombay High Court Dismisses Petition Challenging CBDT Notification Restricting Section 80IB (10) Benefit Only To Housing Projects Approved After 1 April 2004 And Before...
The Bombay High Court has dismissed a petition challenging CBDT notification restricting section 80IB (10) benefit only to housing projects approved on or after...
Rates Charged By SEB For Supply Of Power Is An Appropriate External CUP For Determining Market Value Of Electricity: Delhi High Court
The Delhi High Court has held that the rates charged by the State Electricity Board (SEB) for supply of power to the Assessee was...
ITAT Allows Section 10(38) Exemption On Sale Of Share, Quashes Reassessment
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) while quashing the reassessment, allowed the exemption under Section 10(38) of the Income Tax Act...
CBDT Issues Clarification On Direct Tax Vivad Se Vishwas Scheme 2024
The Central Board of Indirect Taxes and Customs (CBDT) has issued the clarification Direct Tax Vivad Se Vishwas Scheme 2024.While implementing the Direct Tax...
Bombay High Court Dismisses Plea Challenging Constitutional Validity Of Explanations 1 and 4 Of Section 17(2) Of Income Tax Act By Banks Officers
The Bombay High Court has dismissed the plea challenging constitutional validity of Explanations 1 and 4 Of Section 17(2) Of Income Tax Act by...
Direct Tax Weekly Flashback: 12 To 18 January 2025
Direct Tax Weekly Flashback for the period 12 to 18 January 2025.Delhi High Court Collection Of Market Information Doesn’t Qualifying Benchmarks Of PE, Seconded Employees...
Material Gathered In Previous Years Can’t Be The Basis Of Reassessment For Upcoming Years: Delhi High Court
The Delhi High Court has held that the material gathered in previous years cannot be the basis of reassessment for upcoming years.The bench of...
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