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Direct Tax
Penny Stock Loss Disallowance Can’t Rest on General Investigation Inputs Without Direct Evidence: Calcutta High Court
The Calcutta High Court has dismissed an income tax appeal filed by the department,...
Direct Tax
Interest Can Be Reduced from Dividend Income Only If Linked to Borrowed Funds: Punjab & Haryana HC
The Punjab and Haryana High Court has ruled that interest expenditure can be reduced...
Direct Tax
Employee’s Income Tax Liability Can’t Be Waived For Employer’s Failure To Remit TDS To Income Tax Dept: Kerala HC
The Kerala High Court dismissed a batch of writ appeals filed by employees of...
Direct Tax
Income Tax Raids on Ghee Manufacturers Uncover Nearly ₹700 Crore in Unaccounted Transactions
A marathon 131-hour search operation carried out by the Investigation Wing of the Income...
Direct Tax
No Error Apparent on Record: Delhi High Court Rejects Income Tax Dept’s Review Pleas on Processing of Returns
The Delhi High Court has dismissed a batch of review petitions filed by the...
Direct Tax
TDS Credit Can’t Be Denied to Employee Due to Kingfisher Airlines’ Failure to Deposit Tax: Delhi High Court
The Delhi High Court has ruled that an assessee cannot be denied credit of...
Direct Tax
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...
Direct Tax
Supreme Court Rules MFN Clause in Tax Treaties Not Automatic; Nestlé SA’s Curative Plea Dismissed
The Supreme Court of India has dismissed the curative petition filed by Swiss multinational...
Direct Tax
Bombay High Court: Subsequent Supreme Court Ruling Cannot Be Basis for ITAT to Recall Order Under Section 254(2)
The Bombay High Court has held that a subsequent ruling of a Supreme court...
Direct Tax
Supreme Court Quashes HC’s Direction to CBDT to Modify Income Tax Software for TDS Demands
The Supreme Court has clarified the limits of judicial intervention in tax administration by...
Direct Tax
Temporary Pause in Business Doesn’t Mean Cessation, Non-Resident Firm Entitled to Income Tax Deductions: Supreme Court
The Supreme Court while clarifying the tax treatment of non-resident entities facing business interruptions,...
Direct Tax
Not Mandatory for Non-Resident Assessee to have Permanent Establishment in India to Carry on Business: Supreme Court
The Supreme Court held that it is not mandatory for a non-resident assessee to...
Latest articles
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...
Notification
ICAI Releases Revised Handbook on Job Work Under GST [DOWNLOAD NOW]
The Institute of Chartered Accountants of India (ICAI), through its GST & Indirect Taxes...
GST
Court Can’t Direct Extension GST Return Deadlines or Waive Interest and Penalties: Karnataka High Court
The Karnataka High Court has held that courts cannot direct GST authorities to permit...