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AO Yet To Frame Assessment, Writ Court Should Not Interfere At Premature Stage: Punjab And Haryana High Court

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Direct Tax

PROCEEDINGS IMPOSING PENALTY ON CONTRAVENTION OF PENAL PROVISIONS ARE QUASI-CRIMINAL ONUS ON DEPT. TO GIVE CATEGORICAL FINDING: ITAT

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Direct Tax

NO ASSESSMENT PROCEEDINGS PENDING AS OF SEARCH DATE: ITAT UPHOLDS DELETION OF INCOME TAX ADDITION TOWARDS UNEXPLAINED EXPENDITURES

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Direct Tax

Building Association Can Claim Expenditure Against Interest Income: ITAT

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Direct Tax

Wilful Concealment Of Income: Calcutta High Court Uphold Prosecution 

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Direct Tax

Nature Of Trading  Business Can’t Be Foundation To Conclude Principal-Agent Relationship Under Indo-Japan Tax Treaty: ITAT

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Direct Tax

Relief To Vodafone: Supreme Court Dismisses Dept’s SLP On Taxability Of Interconnect Charges And TDS Liability Fastening Basis Retrospective Amendment

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Direct Tax

Relief To MITSUBISHI CORPORATION: AO Can’t Object ITAT’s Decision Allowing Assessee To Set Up Fresh Claim: Delhi High Court

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Direct Tax

Reducing Tax From  20% to 12.5% & Withdrawing Indexation On LTCG Is A Clear Act Of Looting Citizens, Understand With Illustrations

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Direct Tax

Receipt From Supply Planning Services  Can’t Be Taxed As Fees For Technical Services/Royalty : ITAT

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Direct Tax

Addition Made Purely On Employees’ Statement Not Sustainable: ITAT Deletes Income Tax Addition Of Rs. 1.68 Crores

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Direct Tax

Mere Omission To Give Correct Information Is Not Suppression Of Facts Unless It Was Deliberate To Stop Payment Of Duty: Chhattisgarh High Court

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