Tag: ITAT

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Whether ‘Royalty’ Is A ‘Tax’; Supreme Court Directs The Matter To Be Before Appropriate Bench

The Supreme Court has presided over the controversy of...

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...

ITAT Quashes Assessment and Penalty Orders Passed During IBC Admission Period

The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has assessment and penalty orders passed during Insolvency and Bankruptcy Code (IBC) admission period.The bench...

Step-Siblings Are Relatives, Gift Not Taxable Under Section 56(2) of Income Tax Act: ITAT

The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has held that the step-siblings are relatives and the gift is not taxable under Section...

ITAT Quashes Income Tax Reassessment Carried On Old PAN 

The Pune Bench of Income Tax Appellate Tribunal (ITAT) has quashed the income tax reassessment carried on old Permanent Account Number (PAN).The bench of...

RaOne Tax Case: ITAT Quashes Reassessment Against Shah Rukh Khan

The Mumbai Bench of Income tax Appellate Tribunal (ITAT) has quashes income tax reassessment against Shah Rukh Khan for not paying tax in India...

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Finance Minister Holds Meetings With Business Leaders To Go Over GST 2.0 Change Plan

Finance Minister Nirmala Sitharaman had conversations today with top...

ICAI Approves a New Framework Allowing Indian CA Firms to Enter into International Partnerships

The Institute of Chartered Accountants of India (ICAI) approved...