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Direct Tax
Penny Stock LTCG Can’t Be Treated as Unexplained Cash Credit Without Evidence Linking Assessee to Price Manipulation: ITAT
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has dismissed Revenue’s appeals...
Direct Tax
Offshore Equipment Supplies Not Taxable in India Without Fixed-Place PE: ITAT
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has delivered a significant...
Direct Tax
ITAT Deletes Rs. 3.80 Crore Penalty: Goodwill Recorded on Demerger Not an International Transaction
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has dismissed the Revenue’s...
Direct Tax
ESOP Capital Gains: ITAT Allows FMV as Cost of Acquisition U/s 49(2AA)
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has ruled that the...
Direct Tax
Assessee Can’t Use S. 264 Revision to Claim Relief Omitted From Original Return: Supreme Court
The Supreme Court has held that an assessee who failed to claim a particular...
Direct Tax
Tax Demand Can’t Be Raised Through Computation Sheet When Assessment Accepts Returned Income Without Additions: ITAT
The Bengaluru Bench of the Income Tax Appellate Tribunal (ITAT) has held that the...
Direct Tax
S. 54F Exemption Can’t Be Denied Merely Because Sale Deed Was Executed Later Due to Project Delays: ITAT
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that an...
Direct Tax
Bombay High Court Pulls Up ITAT for Repeatedly Releasing Reserved Matters Without Judgment
The Bombay High Court has expressed strong displeasure over the repeated practice of the...
Direct Tax
Income Tax Dept. Grants 10-Year Registration U/s 12AB to Religious Institution, Subject to Strict Compliance Conditions [READ ORDER]
The Commissioner of Income Tax (Exemptions), Chandigarh, has granted registration under Section 12AB(1)(b) of...
Direct Tax
Bhagavad Gita Discourses Do Not Make Trust Religious; ITAT Directs 12AB Charitable Status and 80G Approval
The Chandigarh Bench of the Income Tax Appellate Tribunal (ITAT) has held that dissemination...
Direct Tax
Assessment Time Limit Can’t Be Extended by Invoking General DVO Provision Where S. 50C Specifically Applies: ITAT
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has held that the...
Direct Tax
Unexercised ESOP Buyback Taxable as Capital Gains, Not Salary Perquisite: ITAT
The Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) has held that unexercised...
Latest articles
Indirect Taxes
Disposal Of Mining Overburden By Entity Authorised By Mining Lease Holder Constitutes Taxable Service: CESTAT
The Customs, Excise & Service Tax Appellate Tribunal (CESTAT), New Delhi, has held that...
Indirect Taxes
CESTAT Upholds Rs. 20.65 Crore Customs Duty Demand After Brass Scrap Imports Found to Originate From Pakistan, Not UAE
The Customs, Excise & Service Tax Appellate Tribunal (CESTAT), New Delhi Principal Bench, has...
Company & PMLA
Prolonged Incarceration Can Override PMLA’s Stringent Bail Conditions: Punjab & Haryana High Court Grants Regular Bail
The Punjab and Haryana High Court has held that prolonged pre-trial incarceration, coupled with...
GST
Is S. 122(1A) of CGST Act Applicable On Individuals? Bombay High Court Suspends GST Penalty Against Former Director
The Bombay High Court has granted interim protection to a former director of a...