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Direct Tax
No Addition on Alleged Bogus Purchases Without Evidence: ITAT
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has held that no...
Direct Tax
Tax-Practising Community Trusts Can’t Be Denied Registration for Lack of ‘Irrevocability Clause’ Under Income-tax Act: Bombay HC
The Bombay High Court has held that charitable trusts of tax-practising communities cannot be...
Direct Tax
Technical Glitch Can’t Deny Tax Relief Under SVLDRS: Bombay HC
The Bombay High Court emphasized that technical glitch cannot deny tax relief under Sabka...
Direct Tax
CBDT Clarifies Authority for Condonation of Delay in Form 10A Filings
The Central Board of Direct Taxes (CBDT) has clarified that the jurisdictional Principal...
Direct Tax
Aborted IPO Expenses Allowable as Revenue, Forex Losses Not Speculative: ITAT
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has held that the...
Direct Tax
Delhi High Court Quashes Rejection of Nil TDS Certificate for MakeMyTrip
The Delhi High Court has set aside the Income Tax Department’s rejection of a...
Direct Tax
FIS Without Satisfying “Make Available” Condition Is Not Taxable Under India-US Tax Treaty: ITAT
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that Fees for...
Direct Tax
Settlement Payment Of Corporate Guarantee Given To Subsidiary – Allowable As Business Expenditure: ITAT
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has held that the...
Direct Tax
Reassessment Quashed Citing Invalid Sanction from Incompetent Authority Beyond 3 Year Limit: ITAT
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has quashed reassessment proceedings...
Direct Tax
Attachment of Bank Accounts Despite ITAT Stay Illegal: Delhi HC Quashes Coercive Recovery
The Delhi High Court has set aside the attachment of bank accounts holding that...
Direct Tax
‘Reason to Believe’ vs ‘Information Suggesting Escapement’: Supreme Court to Decide Core Reassessment Standard Under Income Tax Act
In a case that could redefine the contours of reassessment proceedings under the Income-tax...
Direct Tax
Maruti Suzuki to Challenge Draft Assessment Order Proposing Rs. 5,786 Crore Income Tax Demand
Maruti Suzuki India Limited (MSIL) on Tuesday disclosed that it has received a Draft...
Latest articles
GST
GST Demand Can’t Rest on Bogus Firm Allegation Without Proof of Tax Evasion: GSTAT
The Goods and Services Tax Appellate Tribunal (GSTAT), Agra Bench, has dismissed a departmental...
GST
Post-GST Debit Notes For Retrospective Price Hikes On Pre-GST Supplies Attract Interest: GSTAT
The Goods and Services Tax Appellate Tribunal (GSTAT), Bengaluru, has held that differential tax...
Direct Tax
Interest Rate on Delayed Foreign-Currency Receivables Is Question of Fact: Karnataka HC
The Karnataka High Court has dismissed the Income Tax Department’s appeal against a tribunal...
GST
GST Appeal Filed Nearly 16 Months After Court’s Order Can’t Be Entertained Beyond Limitation: Madras HC
The Madurai Bench of the Madras High Court has declined to interfere with the...