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S. 43CA Can’t Apply to Land Sale Transactions Substantially Completed Before Provision Came Into Force: ITAT 

The Jaipur Bench of the Income Tax Appellate Tribunal (ITAT) has allowed an appeal...

Assessee Must Show “Substantial Question of Law” to Maintain Income Tax Appeal U/s 260A: Calcutta HC

The Calcutta High Court has dismissed an income tax appeal challenging the Income Tax...

Date of Assessment Order Must Be Excluded While Computing Appeal Limitation: Madras High Court 

The Madras High Court has held that the date on which an assessment order...

S. 264 Can Remedy Double Taxation Even When Mistake Originates From Assessee: Telangana HC

The Telangana High Court has held that the revisional power under Section 264 of...

AO Can’t Pass Assessment Order Once Limit Lapses As Per S. 153(2) Proviso: Gujarat High Court

The Gujarat High Court has held that the Assessing Officer (AO) can’t pass assessment...

Penny Stock LTCG Can’t Be Treated as Unexplained Cash Credit Without Evidence Linking Assessee to Price Manipulation: ITAT

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has dismissed Revenue’s appeals...

Offshore Equipment Supplies Not Taxable in India Without Fixed-Place PE: ITAT

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has delivered a significant...

ITAT Deletes Rs. 3.80 Crore Penalty: Goodwill Recorded on Demerger Not an International Transaction

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has dismissed the Revenue’s...

ESOP Capital Gains: ITAT Allows FMV as Cost of Acquisition U/s 49(2AA)

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has ruled that the...

Assessee Can’t Use S. 264 Revision to Claim Relief Omitted From Original Return: Supreme Court 

The Supreme Court has held that an assessee who failed to claim a particular...

Tax Demand Can’t Be Raised Through Computation Sheet When Assessment Accepts Returned Income Without Additions: ITAT

The Bengaluru Bench of the Income Tax Appellate Tribunal (ITAT) has held that the...

S. 54F Exemption Can’t Be Denied Merely Because Sale Deed Was Executed Later Due to Project Delays: ITAT

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that an...

Latest articles

Transitional CENVAT Credit Can Be Used for Service Tax Pre-Deposit: Karnataka HC

The Karnataka High Court has held that mandatory pre-deposit required for filing a service...

LC Charges Recovered in High Seas Sale Can’t Be Taxed as Banking Service: CESTAT

The Customs, Excise & Service Tax Appellate Tribunal (CESTAT), Principal Bench, New Delhi, has...

CESTAT Quashes Service Tax Demand on Manufacturing Activity, Reimbursable Expenses and Out-of-Limitation Appropriation

The Customs, Excise & Service Tax Appellate Tribunal (CESTAT), New Delhi Principal Bench, has...

Small-Service Provider Exemption Can’t Be Denied Without Evidence of Preceding-Year Turnover: CESTAT

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