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Direct Tax
Income Tax Reassessment Based On Mechanical Approval By PCIT: Delhi High Court Quashes Proceedings
The Delhi High Court held that Income Tax reassessment was based on mechanical approval...
Direct Tax
Captive Power Transfer Must Be Valued at Consumer Tariff, Not Electricity Board Purchase Rate: Chhattisgarh High Court
The Chhattisgarh High Court has dismissed the Income Tax Department's appeal holding that the...
Direct Tax
Excess TDS on VRS Compensation Must Be Refunded by Income Tax Dept., Not Employer: Madras HC
The Madras High Court has clarified that where tax has already been deducted at...
Direct Tax
Resident Taxpayers Can Claim Full S. 87A Rebate on Short-Term Capital Gains Under New Tax Regime: ITAT
The Jaipur Bench of the Income Tax Appellate Tribunal (ITAT) has held that the...
Direct Tax
‘Make Available’ Test Not Satisfied, No TDS Required on Payments to Foreign Software Contractors: ITAT
The Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) has held that payments...
Direct Tax
CPC Can’t Disallow Delayed Employees’ PF/ESI Contribution Through S. 143(1) Adjustment for AYs Before 2021-22: ITAT
The Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) has held that the...
Direct Tax
Use Last ITR for Salaried Employees, Three-Year Average ITR for Self-Employed in Motor Accident Compensation: Supreme Court
The Supreme Court has laid down comprehensive guidelines for determining the annual income of...
Direct Tax
Foreign Parent Company Doesn’t Bar S. 80-IA Deduction: Bombay High Court Quashes Reassessment Against Port Operator
The Bombay High Court has quashed reassessment proceedings initiated against an Indian port infrastructure...
Direct Tax
S. 54 Exemption Allowed for Multiple New Houses Where Capital Gains Arise from Sale of Multiple Residential Properties: ITAT
The Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) has held that an...
Direct Tax
Software Subscription Fees Not Taxable as FTS or Royalty: ITAT
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has held that receipts...
Direct Tax
Inland Haulage Charges Can’t Be Taxed Separately When Linked to International Shipping: ITAT
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that Inland...
Direct Tax
Finance Act, 2026 Amendment to S. 147A Can’t Apply Retrospectively to Earlier ITAT Orders: Telangana High Court
The Telangana High Court has dismissed an appeal filed by the Income Tax Department,...
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Why Did ICAI Put Its Big 4 Disclosure Rules on Hold?
The Institute of Chartered Accountants of India (ICAI) has put on hold its much-anticipated...
GST
CGST Kolhapur Cracks ₹10.57 Crore Fake ITC Racket; Mastermind Behind Six Shell Firms Arrested
In a significant crackdown on GST fraud, the Anti-Evasion Wing of the Central Goods...
GST
Can GST Authorities Issue One Show Cause Notice for Multiple FY? Supreme Court to Decide
The Supreme Court on Thursday issued notice on a Special Leave Petition (SLP) challenging...
GST
GST Refund Interest Must Be Calculated from Original Refund Application, Not Fresh Filing After Court Order: Gujarat High Court
The Gujarat High Court has held that GST refund interest must be calculated from...