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Direct Tax
Uncontrolled Entities As Comparables For Determining ALP; Delhi High Court Remands Back Matter To ITAT
The Delhi High Court remanded the matter to Income Tax Appellate Tribunal (ITAT) in...
Direct Tax
Transfer Pricing Entities Operating On Economic Upscale Can’t Be Included As Comparables Of Those Working On Cost Plus Pricing: Delhi High Court
The Delhi High Court has held that Transfer Pricing Entities operating on economic upscale ...
Direct Tax
Assessment Order Under Faceless Assessment Scheme Passed Without Show Cause notice Is Void: Bombay High Court
The Bombay high court has held that the assessment order under faceless assessment scheme...
Direct Tax
Pending Review Petition Filed By Assessee Against Dismissal Of SLP To Be Considered Pending Proceeding For The Purposes Of Direct Tax Vivad Se Vishwas...
The Delhi High Court has held that the pending review petition filed by the...
Direct Tax
Provisions Of Section 153C Doesn’t Have Overriding Effect On Provisions Of Section 147 Of Income Tax Act, 1961: Delhi High Court
The Delhi High Court has held that provisions of section 153C does not have...
Direct Tax
ITAT Quashes Revision Order Passed By PCIT Without Citing That Prior Approval U/S 153D Was Erroneous
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has quashed revision order passed...
Direct Tax
Delhi High Court Quashes S. 271(1)(c) Penalty Citing Absence Of Specific Charge In Notice
The Delhi High Court has quashed the penalty under Section 271(1)(c) of the Income...
Direct Tax
S. 264 Revisionary Power Bridges Vacuum To Remedy Bona Fide Mistake: Bombay High Court
Background Arguments - Section 264 Revisionary Power Conclusion FAQsWhat is section 264 under the...
Direct Tax
Credit Card Issued By Foreign Branches But Used In India; No Income Tax On Credit Card Fee: Delhi High Court
BackgroundConclusion - No Income Tax on Credit Card FeeFAQsIs Income Tax on Credit Card...
Direct Tax
Tax audit due date extension notification: CBDT Extends 7 Days Time For Filing Of Audit Reports For AY 2024-25
Applicability Of Extension For Filing Audit Reports FAQsIs there any Tax audit due date extension notification?Circular DetailsThe...
Direct Tax
Technological Impediment Can’t Harass Assessee Year After Year, CBDT To Take Steps: Supreme Court
BackgroundConclusion - Technological Impediment Can’t Harass AssesseeFAQsCan Technological Impediment hasrass assessee under Income Tax...
Direct Tax
NFAC | Failure Of Assessee To Submit Documents Sought: Madras High Court Upholds Reassessment
BackgroundArgument By NFAC Income TaxConclusionFAQsWhat is the full form of NFAC Income Tax?Case DetailsThe...
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Columns
Induction of Third Member to CBIC Likely Only in April; 1993 Batch IRS Officer in Contention
Speculation is rife within North Block that the appointment of a third Member to...
GST
GST Prohibition, Seizure Orders Quashed For Want Of Confiscation Proceedings U/s 67(2): Madras HC
The Madras High Court has set aside prohibition and seizure orders issued against M/s....
Notification
Work Allocation Reshuffled Under DGST & DVAT Powers: Delhi Trade and Taxes Dept. Issues Fresh Administrative Order
The Government of National Capital Territory of Delhi, through its Department of Trade and...
Indirect Taxes
No Writ to Stop Vessel Entry Over Disputed Import: Delhi High Court
The Delhi High Court has dismissed a writ petition seeking urgent directions to restrain...