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Direct Tax
GAAR V/S SAAR In Bonus-Stripping Transaction Adopted By Ayodhya Rami Reddy Alla: Supreme Court Admits SLP, Hearing To Be In Sept.
The Supreme Court has admitted the Special Leave Petition (SLP) filed by Ayodhya Rami...
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
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...
Direct Tax
Purchase Of ‘Jaguar’ Not A Charitable Activities; Chennai ITAT Denies Income Tax Exemption
The Chennai Income Tax Appellate Tribunal denied the Income Tax exemption while stating that...
Direct Tax
ITAT Chennai Allows Income Tax Deduction U/s 54F On Construction Of New Residential Unit
The Income Tax Appellate Tribunal, Chennai, allowed the Income Tax deduction U/s 54F on...
Direct Tax
15% Dividend Distribution Tax Payable By Company Which Declared, Distributed Or Paid Dividend: Delhi High Court
The Delhi High Court ruled that the Dividend Distribution Tax (DDT) is payable by...
Direct Tax
TDS Collected From Deceased Accident Victim: Andhra Pradesh High Court Grants Liberty To Insurance Company To Object Income
The Andhra Pradesh High Court granted liberty to the insurance company to object the...
Direct Tax
Flipkart Employee Retains ESOPs Even After Receipt Of Compensation, Receipt To Be Taxed As Salary: Madras High Court
The Madras High Court has held that the Flipkart employee retains employee stock ownership...
Direct Tax
Value Adopted By Stamp Valuation Authority On Date Of Agreement To Be Taken For Computing Full Value Of Consideration Of Transfer U/s 50-C Of...
Author: Khushi J PrajapatiIn a recent ruling, the Karnataka High Court has determined that...
Direct Tax
Delhi High Court Deletes Income Tax Addition On Perquisite Value Of Shares Granted Under Employees Stock Purchase Scheme
The Delhi High Court deleted the Income Tax addition on perquisite value of shares...
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...
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...
Latest articles
Direct Tax
Attachment of Bank Accounts Despite ITAT Stay Illegal: Delhi HC Quashes Coercive Recovery
The Delhi High Court has set aside the attachment of bank accounts holding that...
GST
No GST Recovery Without Following Law: Bombay High Court
The Bombay High Court directed the immediate restoration of GST registration of the assessee...
Indirect Taxes
Gold Smuggling | S. 108 Customs Statements Sufficient Evidence: Delhi High Court
The Delhi High Court has upheld a penalty of Rs. 16 lakh imposed on...
Other Laws
Supreme Court Orders Creation of Supernumerary Post After Dispute Over ‘Correct Answer’ in Law Officer Exam
The Supreme Court has directed the Municipal Corporation Chandigarh to appoint two candidates to...