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Direct Tax
Energy-Efficient Street Lighting Project Integral to Road Infrastructure: ITAT Allows Deduction
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has allowed a deduction...
Direct Tax
Failure To Decide Immunity Application U/S 270AA Vitiates Penalty Proceedings: ITAT
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has quashed a penalty...
Direct Tax
Mere Suspicion or General Investigation Reports Can’t Justify Treating Share Transactions as Bogus; LTCG Exemption Allowed: ITAT
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that long-term...
Direct Tax
LTCG From Sale of Shares Eligible for S. 10(38) Exemption for Insurers: ITAT
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that the...
Direct Tax
Agricultural Income Return Insufficient to Prove ‘Agricultural Land’ In Absence Of Purchase Invoices Of Manure, Fertilizers: Supreme Court
The Supreme Court has held that mere agricultural income return insufficient to prove agricultural...
Direct Tax
Investments Made Beyond ITR Due Date: ITAT Allows S. 54 Exemption for Investment in Multiple Residential Properties
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that for assessment...
Direct Tax
Mere Investigation Reports, Abnormal Price Rise Can’t Render Genuine Stock Exchange Transactions As Sham: ITAT
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has held that mere...
Direct Tax
Documentary Evidence Overrides ‘Human Probabilities’ in Rs. 27.20 Crore Purchase Dispute: ITAT
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that documentary evidence...
Direct Tax
ITAT Quashes Search Assessments Over Mechanical S. 153D Approval for Each AY
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has quashed assessments framed...
Direct Tax
ITAT Remands Rs. 1.47 Crore Addition Over Unexplained Cash Deposits Under S. 69A
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) has set aside an addition...
Direct Tax
ITAT Slams Income Tax Dept. For on Third-Party Statements Without Independent Inquiry
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has deleted an addition...
Direct Tax
No PE for Oracle Systems in India: ITAT Deletes Notional Royalty Additions
The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has ruled in favour of Oracle...
Latest articles
Supreme Court
Full Enhanced Land Compensation Must Be Deposited; Landowners Can Withdraw 8.33% Pending Appeal: Supreme Court
The Supreme Court has directed the Meerut Development Authority to deposit the entire enhanced...
GST
GST Appeal Can Proceed After Delayed Payment of Admitted Dues; Filing Date Shifts to Full Compliance: GSTAT
The Goods and Services Tax Appellate Tribunal (GSTAT), State Bench at Raipur, has allowed...
GST
Credit Notes Reported As ITC Can’t Sustain ₹9.56 Lakh GST Demand Where No Tax Was Lost: GSTAT
The Goods and Services Tax Appellate Tribunal (GSTAT) Bengaluru Bench, has set aside a...
Supreme Court
Creditor Facing 99.28% Insolvency Haircut Can Set Off Entire ₹12.26 Crore Claim Against Recovery Demand: Supreme Court
The Supreme Court has held that an operational creditor whose claim was settled at...