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Direct Tax
Credit Card Issued By Foreign Branches But Used In India; No Income Tax On Credit Card Fee: Delhi High Court
BackgroundConclusion - No Income Tax on Credit Card FeeFAQsIs Income Tax on Credit Card...
Direct Tax
Tax audit due date extension notification: CBDT Extends 7 Days Time For Filing Of Audit Reports For AY 2024-25
Applicability Of Extension For Filing Audit Reports FAQsIs there any Tax audit due date extension notification?Circular DetailsThe...
Direct Tax
Technological Impediment Can’t Harass Assessee Year After Year, CBDT To Take Steps: Supreme Court
BackgroundConclusion - Technological Impediment Can’t Harass AssesseeFAQsCan Technological Impediment hasrass assessee under Income Tax...
Direct Tax
NFAC | Failure Of Assessee To Submit Documents Sought: Madras High Court Upholds Reassessment
BackgroundArgument By NFAC Income TaxConclusionFAQsWhat is the full form of NFAC Income Tax?Case DetailsThe...
Direct Tax
Income Tax Reassessment | Karnataka High Court Quashes S. 148A Notice Prescribing 6 Days To Show Cause
BackgroundConclusionFAQsUnder which provision income tax reassessment can be initiated?What is the limitation for replying...
Direct Tax
DRP Ought To Waited Till Disposal Of Rectification Application Before Passing Final Assessment Order: Karnataka High Court
BackgroundConclusionCase DetailsThe Karnataka High Court has held that the Dispute Resolution Panel (DRP) ought...
Direct Tax
AO Can’t Reopen Income Tax Assessment If PCIT Decides In Favour Of Assessee: Delhi High Court
Background ArgumentsRelevant ProvisionsConclusionCase DetailsThe Delhi High Court had held that once the Principal Commissioner...
Direct Tax
Delhi High Court Quashes Income Tax Reassessment Action On Ground Of Amalgamated Entity Having Never Been Placed On Notice
Background ConclusionFAQsCan income tax reassessment action taken against Amalgamated Entity?Is reassessment order sustainable without notice?Case...
Direct Tax
Supreme Court’s Decision in Abhisar Buildwell Case Not Carte Blanche Enabling Dept. To Overcome Restrictions For Reopening Assessment: Delhi High Court
BackgroundConclusionFAQsCan Income Tax Dept. Quote Supreme Court’s Decision in Abhisar Buildwell Case to overcome...
Direct Tax
‘Leave And Licence’ Or ‘Rental Agreement’ Doesn’t Change Colour Of Receipts; Delhi High Court Direct AO To Tax Rental Income Under ‘Income From House...
The Delhi High Court while upholding the ruling of the Income Tax Appellate Tribunal...
Direct Tax
Section 80-I Deduction Benefit Available Upon Conversion Of Proprietorship Concern To Private Limited Company: Punjab & Haryana High Court
The Punjab and Haryana High Court has held that deduction section 80-I under Income...
Direct Tax
BREAKING | 291 Cases Filed By Income Tax Dept. Where Tax Effect Is Less Than 5 Crores Listed Before Supreme Court Today
Meaning of ‘Tax Effect’Low Tax Effect: Monetary Limits Set For Filing Appeals Today, 291 cases...
Latest articles
Direct Tax
Vivad Se Vishwas Benefit Can’t Be Denied Merely Because Case Originated From Survey Material Linked to Search Proceedings: Gujarat High Court
The Gujarat High Court has held that an assessee cannot be denied the benefit...
Indirect Taxes
CESTAT Quashes Excise Duty Demand Before March 2008 in Alleged MRP Suppression Case, Orders Fresh Recalculation
The Ahmedabad Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has...
Indirect Taxes
No Sugar Cess Payable on Sugar Exported Out of India: CESTAT
The Ahmedabad Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has...
Indirect Taxes
DGFT Public Notice Can’t Impose Actual User Condition on Transferable DFIA: CESTAT
The Kolkata Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has...