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Direct Tax
Bombay High Court Quashes Income Tax Reassessment Against A Company Converted Into LLP
The Bombay High Court has quashed a reassessment notice and subsequent assessment order issued...
Direct Tax
Income Tax Assessment Doesn’t Bar Separate Benami Proceedings: Kerala High Court
The Kerala High Court has dismissed a writ petition filed by two assessees challenging...
Direct Tax
S. 14A Disallowance: ITAT Rules Against Improper Satisfaction by AO in Aishwarya Rai Bachchan’s Case
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench has dismissed the department’s appeal against...
Direct Tax
Gift From Brother-in-Law is Exempted U/s 56 Of Income Tax Act: ITAT
The Kolkata Bench of Income Tax Appellate Tribunal (ITAT) has held that a gift...
Direct Tax
Reopening of Assessment Beyond 4 Years Invalid U/s 153A: ITAT
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) held that the reopening of...
Direct Tax
Payments for IT, Non-IT Support Services Not Taxable as FTS under India-UK DTAA: ITAT
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has held that payments...
Direct Tax
Disallowance Of Expenditure Doesn’t Constitute “Income Represented In The Form Of An Asset: ITAT
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that disallowance of...
Direct Tax
Time Limit For Filing Correction Statements (TDS Or TCS) Reduced To 2 Years [READ TRACES PORTAL ADVISORY]
As per the Advisory of the TRACES portal the time limit for filing correction...
Direct Tax
Relief to PVR: ITAT Confirms Entertainment Tax Subsidy as Capital Receipt
In a major relief to PVR Ltd., the Income Tax Appellate Tribunal (ITAT), Delhi...
Direct Tax
Income Tax Dept. Uncovers Rs. 5,500 Crore Fake Political Donations Racket
In a massive crackdown, the Income Tax Department has unearthed a Rs. 5,500 crore...
Direct Tax
Relief To Hyundai: Under Faceless Assessment Regime, Limitation Period to Run From Date of Uploading DRP Order on ITBA Portal: Delhi HC
The Delhi High Court while giving major relief to Hyundai held that under Faceless...
Direct Tax
S. 194LA Would Not Apply When TDR Certificates Are Issued In Lieu Of Compensation: Bombay HC
The Bombay High Court has held that Section 194LA of the Income Tax Act,...
Latest articles
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...
GST
Whether Banks Can Simultaneously Avail ITC U/s 17(2) and 17(4)? Madras High Court Stays GST Adjudication Against City Union Bank
The Madras High Court has restrained the GST authorities from passing adjudication orders against...