Legitimate Deductions
Direct Tax
ITO Cuts Rs. 1.42 Lakh Income Tax Demand to Rs. 671 Despite S. 154 Time-Limit Objection [READ ORDER]
In a significant taxpayer-relief case, the Income Tax Department has reduced a demand of...
Direct Tax
Bombay High Court Quashes Rs. 20.16 Crore TP Adjustment as Mandatory SCN Was Not Served
The Bombay High Court has set aside a transfer pricing order proposing an adjustment...
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Direct Tax
ITO Cuts Rs. 1.42 Lakh Income Tax Demand to Rs. 671 Despite S. 154 Time-Limit Objection [READ ORDER]
In a significant taxpayer-relief case, the Income Tax Department has reduced a demand of...
Direct Tax
Bombay High Court Quashes Rs. 20.16 Crore TP Adjustment as Mandatory SCN Was Not Served
The Bombay High Court has set aside a transfer pricing order proposing an adjustment...
Supreme Court
Homebuyers Can’t Be Penalised for Developer’s “Past Sins”: Supreme Court Rejects NOIDA’s Time Extension Charges as CIRP Costs
In a significant ruling protecting homebuyers affected by prolonged insolvency proceedings, the Supreme Court...
Supreme Court
S. 106 Can’t Replace Proof of Guilt: Supreme Court Acquits Man in Kidnapping-Murder Case, Calls Investigation ‘Shoddy’
The Supreme Court has acquitted a man convicted in a kidnapping and murder case...