Keep exploring
Direct Tax
Non-Examination of Head Office Expense Allocation in S. 80-IA Claims Makes Assessment Erroneous: Calcutta HC
The Calcutta High Court has upheld the Principal Commissioner of Income Tax's decision to...
Direct Tax
Bogus Share Transaction Case Exempted from CBDT Low-Tax-Effect Circular: Delhi HC
The Delhi High Court has held that bogus share transaction cases involving allegations of...
Direct Tax
Reply Period U/S 148A Excluded from Limitation Calculation: Delhi HC
The Delhi High Court has held that the reply period under section 148A is...
Direct Tax
S. 54F Exemption on All 50 Flats Received Under JDA: ITAT
In a significant ruling on capital gains taxation arising from Joint Development Agreements (JDAs),...
Direct Tax
Reassessment Notice Beyond Limitation Invalid Even After Excluding Assessee’s Reply Period: Delhi HC
The Delhi High Court has quashed a reassessment notice issued under Section 148, holding...
Direct Tax
Can Income Tax Dept. Reopen Assessment Through Rectification After Granting Immunity U/S 270AA? ITAT Says No
The Income Tax Act, the Mumbai Bench of the Income Tax Appellate Tribunal (ITAT)...
Direct Tax
LTCG Deduction Be Denied Merely Because Sale Deed Was Registered After 2 Years? ITAT Says No
The Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) has held that Long...
Direct Tax
S. 54 Deduction Can’t Be Restricted Merely Because New House Is Purchased Jointly With Spouse: ITAT
The Chandigarh Bench of the Income Tax Appellate Tribunal (ITAT) has held that an...
Direct Tax
Survey Disclosure Can’t Be Reclassified as Se. 69A Income Through Rectification U/s 154: ITAT
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has held that income...
Direct Tax
Recorded Loan Transactions Can’t Be Treated as Unexplained Money: ITAT
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has deleted an addition...
Direct Tax
Income Tax Revision Against Charitable Trust Over Rs. 6 Crore Utilisation of Accumulated Funds Quashed: Bombay High Court
The Bombay High Court has dismissed an appeal filed by the Income Tax Department...
Direct Tax
Non-Appearance Of Directors Alone Can’t Justify Treating Share Capital As Bogus: ITAT
The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) has held that addition...
Latest articles
Indirect Taxes
Dept. Can’t Classify Product as Zarda Scented Tobacco After Repeatedly Approving It As Chewing Tobacco: CESTAT
The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), New Delhi, has set aside...
Indirect Taxes
Consignment Sales Can’t Be Reclassified as Inter-State Sales Based on Pre-Agreement Evidence: CESTAT
The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), New Delhi, has held that...
Indirect Taxes
Credit Can’t Be Denied Repair And Maintenance Services Of Plant And Machinery By Categorising As Work Contract: CESTAT
The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), New Delhi, has held that...
GST
Mere Uploading Of GST Order On Portal Is Not “Valid” Service: Tripura HC
The Tripura High Court has held that mere uploading of an adjudication order on...