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Direct Tax
TPO Can’t Decide Year Of Income Taxability: ITAT
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that a...
Direct Tax
S. 14A Can’t Apply To Interest Received From Own Head Office: ITAT
The Income Tax Appellate Tribunal (ITAT), Mumbai, has held that interest received by an...
Direct Tax
Can Expenses Never Claimed As Deductions Be Disallowed? ITAT Directs Fresh Examination
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has directed a fresh...
Direct Tax
Tax Prosecution Can Proceed Without Assessment for False Statements and Failure to File Wealth Tax Returns: Karnataka HC
The Karnataka High Court has held that the absence of a completed tax assessment...
Direct Tax
Income Tax Demand Can Be Stayed Without 20% Deposit Where Reopening Faces Limitation Challenge: Bombay HC
The Bombay High Court has granted an unconditional stay on an income tax demand...
Direct Tax
Investors Not Named in Trust Deed: Supreme Court Rejects CBDT Appeal Against Tax Relief
The Supreme Court has dismissed the Central Board of Direct Taxes’ (CBDT) challenge to...
Direct Tax
Implementation Of Tax Order Doesn’t Bar Reconsideration After Court Remand: Karnataka HC
The Karnataka High Court has held that implementing a tax appellate order and granting...
Direct Tax
Recovery Of ₹66.46 Lakh Tax Demand Stayed Subject To ₹14 Lakh Deposit: ITAT
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has granted conditional relief...
Direct Tax
Political Donation Deduction Disallowance Does Not Automatically Establish Misreporting: CIT(A)
The Commissioner of Income Tax (Appeals), through the National Faceless Appeal Centre (NFAC), has...
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...
Direct Tax
Electricity Subsidy Reducing Manufacturing Costs Is Taxable Revenue Receipt: Supreme Court
The Supreme Court has held that an electricity subsidy granted to reduce power costs...
Direct Tax
Less Than 3 Days To Reply, Emailed Documents Ignored: Rajasthan HC Quashes Income Tax Assessment With Over ₹6.9 Crore Addition
The Rajasthan High Court has set aside a faceless income tax assessment order involving...
Latest articles
Indirect Taxes
CENVAT Credit Eligibility Bars Extended Limitation, But Doesn’t Wipe Out Reverse Charge Service Tax Liability: CESTAT
The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), New Delhi, has held that...
Indirect Taxes
Offshore Services Claim Needs Evidence; Service Tax Paid by ONGC Must Be Verified: CESTAT
The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), New Delhi, has directed fresh...
Direct Tax
Share Valuation Can’t Be Rejected Without Expert Opinion Merely Because Projections Differ From Actual Results: ITAT
The Income Tax Appellate Tribunal (ITAT), Mumbai, has deleted a share premium addition under...
Company & PMLA
ED Arrests Advocate Over Alleged Bribes to Unfreeze Accounts in Rs. 28,000 Crore Cyber Fraud Network Probe
The Enforcement Directorate (ED) has arrested an advocate for allegedly helping a nationwide cyber...