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IEX Rates Can’t Be Used As Benchmark For Transfer Pricing Of Captive Power Supply: Delhi HC

The Delhi High Court has dismissed an appeal filed by the Income Tax Department...

Software Payments Not Taxable As Royalty: Delhi HC

The Delhi High Court has dismissed appeals filed by the Income Tax Department against...

Capital Introduced From AOP Funds Cannot Be Treated As Cessation Of Liability: ITAT Deletes Addition 

The Dehradun Bench of the Income Tax Appellate Tribunal (ITAT) has deleted an addition...

ITAT Deletes Additions Based on WhatsApp Chats

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has deleted multiple additions...

ITAT Quashes S. 153C Proceedings Over “Common, Vague and Mechanical” Satisfaction Note

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has quashed proceedings initiated...

Bright Line Test Not Recognised Under Income Tax Law: Delhi HC Dismisses Appeal Against Sony India

The Delhi High Court has dismissed the Income Tax Department’s appeal against Sony India...

Supreme Court Settles AY 2015-16 JAO vs FAO Reassessment Dispute: 148 Notices Held Time-Barred if Issued by JAO

The Supreme Court has effectively brought finality to the long-running controversy surrounding reassessment notices...

Genuine Adjournment Request Deserved Consideration: Delhi HC Restores Sports Trust’s Registration Plea

The Delhi High Court has quashed the orders passed by the Commissioner of Income...

Income Tax Dept. Uncovers Rs. 65,000 Crore Discrepancies in Property Transaction Reporting

The Income Tax Department conducted survey and spot verification operations at sub-registrar offices...

Supreme Court Dismisses Maharashtra Govt’s SLP Against Rectification of Inadvertent Return Filing Errors After Due Date

The Supreme Court has dismissed a Special Leave Petition (SLP) filed by the State...

AO Must Examine Allocation of Head Office Expenses Before Granting S. 80-IA Deduction: Calcutta High Court Upholds S. 263 Revision

The Calcutta High Court has upheld the exercise of revisionary jurisdiction under Section 263...

Latest articles

GSTAT Delhi Bench Reaches Full Strength as Sanjeev Kumar Jain Takes Oath as Technical Member

The Goods and Services Tax Appellate Tribunal (GSTAT) has taken another significant step in...

CESTAT Allows Rs. 1.03 Crore CENVAT Credit on Tippers Purchased Before Notification

The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Kolkata Bench, has held that...

GST Records, Purchase Documents Sufficient to Discharge Burden Under Customs Act: CESTAT Orders Release of 3.65 Kg Gold

The Kolkata Bench of the Customs, Excise & Service Tax Appellate Tribunal (CESTAT) has...

ICAI Announces CA Final May 2026 Results: 7,931 Candidates Qualify as Chartered Accountants; Noor Singla Secures AIR 1

The Institute of Chartered Accountants of India (ICAI) has declared the results of the...