The Direct Tax Weekly Flashback for the period from 30 March To 5 April 2025.
Table of Contents
Delhi High Court
Delhi High Court Directs Issuance of Nil Withholding Tax Certificate to Lufthansa Cargo
The Delhi High Court has directed the issuance of nil withholding tax certificate to Lufthansa Cargo.
Bombay High Court
AO Acted Under Superior’s Dictation Without Independent Belief: Bombay High Court Quashes Reassessment
The Bombay High Court while quashing the income tax reassessment held that the Assessing Officer (AO) has acted under superior’s dictation without independent belief.
Madras High Court
Madras High Courts Allows Income Tax Deduction On Amount Towards Approved Gratuity Fund with LIC
The Madras High Court allowed the Income Tax deduction under Section 40(A)(7)(b) of the Income Tax Act towards the approved gratuity fund with LIC of India and approved by the Commissioner of Income Tax is not an allowable deduction.
ITAT
Kapil Dev Exempted From Income Tax On Rs. 1.5 Crore Granted By BCCI: ITAT
The Income Tax Appellate Tribunal (ITAT) has exempted Kapil Dev from income tax on Rs. 1.5 Crore granted by Board of Control for Cricket in India (BCCI) as a one-time benefit while recognising his services to cricket.
‘Debt Forgiveness’ Can’t Be Taxes As Business Income: ITAT
The Hyderabad Bench of Income Tax Appellate Tribunal (ITAT) has held that the debt forgiveness cannot be taxed as business income under Section 28(iv) of the Income Tax Act.
- 13-Year Delay in Tax Appeal: ITAT Indore Accepts Commercial Pilot’s Plea, Orders Fresh Assessment - July 11, 2025
- COVID Limitation Relief Applies Even ITR Filing: Madhya Pradesh HC - July 11, 2025
- ED Charges Four in Rs. 734 Crore Fake GST Credit Scam; Rs. 5,000 Crore Fake Invoicing Network Busted - July 11, 2025
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