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Rs. 497.74 Crore Offshore Capital Gains Not Taxable In India; Domestic Indirect Transfer Rules Can’t Expand Treaty Rights: ITAT

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has held that capital...
Direct Tax

Income Tax Addition Can’t Rest On Uncorroborated Papers And Retracted Statement: Calcutta High Court

The Calcutta High Court has upheld the deletion of a ₹11.35 crore addition under...
Direct Tax

Reassessment Scrutiny Can’t Begin Before Taxpayer’s Objections Are Decided: Bombay HC Quashes Premature Notices

The Bombay High Court has held that an Assessing Officer cannot issue scrutiny notices...
Direct Tax

Commercial Property Can’t Bar ₹2.63 Crore Capital Gains Exemption: ITAT

The Income Tax Appellate Tribunal (ITAT), Chandigarh, has held that a commercial property cannot...
Direct Tax

Political Donation Deduction Can’t Be Denied For Missing Party Confirmation: CIT(A)

The Commissioner of Income Tax (Appeals), through the National Faceless Appeal Centre (NFAC), has...
Direct Tax

Rs. 1,021 Crore Tax Addition Against Harshad Mehta Deleted Over Errors In Securities Transactions: ITAT

The Income Tax Appellate Tribunal (ITAT), Mumbai, has deleted a ₹1,021.33 crore addition relating...
Direct Tax

S. 153B Limitation to Be Computed After Excluding Court-Stay Period Before Applying TOLA: Madras High Court

The Madras High Court has held that the deadline for completing search assessments must...
Direct Tax

Tax Appeals Restored To Delhi ITAT Despite Lucknow Jurisdiction: Delhi HC

The Delhi High Court has restored a batch of income tax appeals involving Sahara...
Direct Tax

Disclosure Of Brokerage Income Doesn’t End Reassessment Inquiry Into Alleged Bogus Transactions: Delhi High Court

The Delhi High Court has dismissed an insurance broker’s challenge to reassessment proceedings, following...
Direct Tax

Income Tax Dept. Drops Proposed ₹17.32 Crore Addition After Reviewing Taxpayer’s Documents

The Income Tax Department has completed a search-linked block assessment without making any addition...
Direct Tax

Administrative Delays, Change Of Counsel Can’t Justify Belated Tax Appeal: Rajasthan HC

The Rajasthan High Court has dismissed a tax department appeal filed after a delay...
Direct Tax

Income Tax Search Statement Alone Can’t Justify Additions Without Supporting Evidence: Delhi HC

The Delhi High Court has reiterated that a statement recorded during an income tax...
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Indirect Taxes

No Service Tax On Unpaid Lease Termination Compensation: CESTAT

The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), New Delhi, has set aside...
Direct Tax

Rs. 497.74 Crore Offshore Capital Gains Not Taxable In India; Domestic Indirect Transfer Rules Can’t Expand Treaty Rights: ITAT

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has held that capital...
GST

GST Portal Upload Alone Insufficient Service Without Acknowledgment Or Reply: Rajasthan HC

The Rajasthan High Court has condoned a 34-day delay in filing a GST appeal...
Direct Tax

Income Tax Addition Can’t Rest On Uncorroborated Papers And Retracted Statement: Calcutta High Court

The Calcutta High Court has upheld the deletion of a ₹11.35 crore addition under...