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Vendor Non-Response Alone Can’t Justify Denial of Business Expenditure: ITAT Remands Rs. 40.63 Crore Expense Disallowance

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

CBDT Circular Denying Tax Relief to Judges Under New Tax Regime Questioned: Delhi HC Stays Processing of Judges’ ITRs

The Delhi High Court has prima facie held that statutory allowances granted to High...
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Vendor Non-Response Alone Can’t Justify Denial of Business Expenditure: ITAT Remands Rs. 40.63 Crore Expense Disallowance

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

CBDT Circular Denying Tax Relief to Judges Under New Tax Regime Questioned: Delhi HC Stays Processing of Judges’ ITRs

The Delhi High Court has prima facie held that statutory allowances granted to High...

Forex Hedging Gains on Cancellation of Forward Contracts Are Capital Gains, Not ‘Income From Other Sources’: ITAT

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

No Motor Accident Compensation Without Proven Link Between Death and Use of Vehicle: Supreme Court

The Supreme Court has held that compensation under the Motor Vehicles Act cannot be...