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Direct Tax
Determination of Commission @ 2.5% on Value Which was Transferred by Book Entry is Justified: ITAT
The Income Tax Appellate Tribunal ruled that the determination of commission @ 2.5% on...
Direct Tax
Income Tax Act Gives Powers To Valuation Officer To Get Details From Assessee In Order To Ascertain Value Of Property: ITAT
The Income Tax Appellate Tribunal, Bangalore, Income Tax Act gives powers to the valuation...
Direct Tax
Software License Expenditure To Be Revenue In Nature: ITAT
The Income Tax Appellate Tribunal Mumbai ruled that the software license expenditure on similar...
Direct Tax
Amount Of Hardship Allowance Received By The Assessee Is Not Income Of The Assessee: ITAT
The Income Tax Appellate Tribunal, Mumbai, ruled that the amount of hardship allowance received...
Direct Tax
Gift From Brother Not Chargeable To Tax In Hands Of Assessee Being Relative: ITAT
The Income Tax Appellate Tribunal, Mumbai, ruled that the gift from a brother is...
Direct Tax
Top Income Tax Deductions Every Freelancer Should Know
Author: Khushi J PrajapatiWhile freelancing provides the freedom and autonomy to work at your...
Direct Tax
Top 10 Investments To Avail Income Tax Exemptions
Author: Khushi J PrajapatiIn the Indian context, personal with taxable income can always invest...
Direct Tax
Compensation Received On Account Of Diminution In ESOP Value Is Taxable As Perquisite And Not Capital Gains: Madras High Court
The Madras High Court ruled that the compensation received on account of diminution in...
Indirect Taxes
PMLA | Supreme Court Grants Bail To Accused In Money Laundering Case Linked To Illegal Sand Mining
The Supreme Court has granted the bail to the accused in a money laundering...
Direct Tax
Liquidator Should Be Issued Notice And Made To Participate In Income Tax Reassessment Proceedings: Patna High Court
Recently, Patna High Court has ruled that the Liquidator should be noticed and participate...
Direct Tax
Income Tax Reassessment Based On Mechanical Approval By PCIT: Delhi High Court Quashes Proceedings
The Delhi High Court held that Income Tax reassessment was based on mechanical approval...
Direct Tax
Failure To Electronically Upload Form 10CCB Along With ROI Not A Valid Ground For Income Tax Reassessment: Delhi High Court
The Delhi High Court ruled that failure to electronically upload form 10ccb along with...
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Other Laws
2G Spectrum | Supreme Court Clarifies Start Date for Reserve Price Liability Post-2G Licence Cancellation
In a ruling arising out of the 2G spectrum litigation, the Supreme Court has...
Other Laws
Pre-Natal Sex Determination | Sting Operation Ordered By Single Member Of District Appropriate Authority Is Unsustainable: Supreme Court
The Supreme Court has held that a sting operation ordered by a single member...
Other Laws
Insurer Not Liable for Penalty U/s 4A(3)(b) of Employees’ Compensation Act: Supreme Court
The Supreme Court of India has held that an insurance company cannot be made...
Notification
RoDTEP Rates Slashed to 50% with Immediate Effect: DGFT Issues Notification Limiting Benefits Across All HS Lines
In a significant move impacting exporters across sectors, the Directorate General of Foreign Trade...