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Direct Tax
ESOP Holders, Overseas Income Face High Risk of Black Money Act Action
Tax experts have issued a strong warning to Indian resident employees of multinational companies...
Direct Tax
Donations Qualifying U/s 80G Deduction Don’t Lose Eligibility Merely For It Being CSR: ITAT
The Pune Bench of the Income Tax Appellate Tribunal (ITAT) has held that donations...
Direct Tax
Non Compete Fee Can Be Claimed As Revenue Expenditure: SC
The Supreme Court has held that non-compete fees can be claimed as revenue expenditure...
Direct Tax
Income Tax Inspector Salary in India
An Income Tax Inspector in India, typically recruited via SSC CGL, starts with a...
Direct Tax
Tax on Exempt Disability Pension Must Be Refunded, Limitation Under CBDT Circular Can’t Defeat Statutory Right: Gujarat HC
The Gujarat High Court while reinforcing the tax exemption available to disabled armed forces...
Direct Tax
Same Income Can’t Be Taxed Twice: ITAT Patna Quashes Rs. 2.05 Crore Addition
The Patna Bench of the Income Tax Appellate Tribunal (ITAT) has set aside an...
Direct Tax
S. 80P(4) Can’t Be Used to Deny S. 80P(2)(d) Deduction on Interest Earned From Cooperative Banks by Non-Bank Cooperative Societies: Sikkim High Court
The Sikkim High Court has held that Section 80P(4) under the Income Tax Act,...
Direct Tax
Income Tax Appeal on Interest Deduction for Share Investments Rejected: Madras High Court
The Madras High Court has dismissed an appeal filed by the Income Tax Department...
Direct Tax
Simultaneous Deductions Under S. 80-IA, 80-HHC Upheld: Madras High Court
The Madras High Court has dismissed an appeal filed by the Income Tax Department...
Direct Tax
Rural Branch Bad Debt Deduction Must Be Based on Aggregate Monthly Outstanding Advances, Not Incremental Lending: Madras HC
The Madras High Court has held that Co-operative Bank’s rural branch bad debt deduction...
Direct Tax
Reassessment for Excess S. 80HHC Deduction Claim Upheld: Madras High Court
The Madras High Court has upheld the validity of reassessment proceedings initiated by the...
Direct Tax
Courts Must Not Show Extra Leniency To State For Lethargic Delays in Filing SLPs: SC
The Supreme Court has dismissed special leave petitions (SLPs) filed by the Income Tax...
Latest articles
Indirect Taxes
Proforma Invoice Valid for Availing CENVAT Credit if Service Tax Is Paid: CESTAT
The Bangalore Bench of the Customs, Excise & Service Tax Appellate Tribunal (CESTAT) has...
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...
Indirect Taxes
Import Duty Payable on Actual Reduced Price Despite Higher Price at Time of Import: CESTAT
The Mumbai Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has...
GST
Driver’s Statement on Plain Paper Has ‘Very Little Evidentiary Value’: Allahabad High Court Quashes GST Penalty Order
The Allahabad High Court has set aside an appellate order upholding a penalty under...