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Bank Of India Entitled To Income Tax Deduction to BPI On Purchase Of...
The Bombay High Court has disapproved the AO’s non-compliance to high court’s decisions and held that assessee are...
Not Accepting Revised Computation Of Income Citing Delay In Filing...
The Bombay High Court has held that non-acceptance of revised computation of income by the department in light of...
Enhanced Tax Rate Of 60% U/S 115BBE Not Applicable To Cash Deposits...
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) has held that the enhanced tax rate of 60% under section...
MCX Investment Protection Fund Eligible For Income Tax Exemption :...
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has held that Multi Commodity Exchange (MCX) Investment...
Donations Of Rs. 228 Crores To Shirdi Saibaba Sansthan Is Exempted...
The Bombay High Court has held that the donations of Rs. 228 crores to Shirdi Saibaba Sansthan is exempted from income...
ITAT Dismisses Department’s Appeal Against NFAC’s Order Citing Low Tax...
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has dismissed the income tax department’s appeal citing low tax...
CBDT Extends Due Date For Furnishing Belated/Revised Return Of Income...
The Central Board of Direct Taxes (CBDT) has notified the extension of due date for furnishing belated/revised return of...
CBDT Extends Due Date For Determining Direct Tax Vivad Se Vishwas...
The Central Board of Direct Tax (CBDT) has notified the extension of due date for determining the amount payable as per...
IT Software Rentals Constitute ‘Royalty’, Rules Pakistan Supreme Court
Unlike Indian scenarios and rulings on taxability of IT software rentals, the Supreme Court of Pakistan has held that...
Unethical Distribution Of Freebie By Pharma Company Abbvie Healthcare...
The Apex Committee For Pharma Marketing Practices has looped Central Board of Direct Taxes (CBDT) in the case where a...
Income Tax Settlement Commission Abolished; Retrospective Legislation...
The Calcutta High Court has held that retrospective legislation cannot affect vested rights taxpayers. The bench of...
Not Possible To Deduct TDS On Discount/Commission Offered To Newspaper...
The Delhi bench of Income Tax Appellate Tribunal (ITAT) has held that it is not possible to deduct TDS on...
