Nexus
Direct Tax
Actuarially Determined Provision for Credit Guarantee Claims Is Allowable Deduction: ITAT
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that a...
Direct Tax
CBDT’s Revised Rs. 2 Crore Tax-Appeal Limit Applies to Pending Cases; Later Exceptions Can’t Operate Retrospectively: Bombay High Court
The Bombay High Court has disposed of an Income Tax Department appeal involving a...
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Direct Tax
Actuarially Determined Provision for Credit Guarantee Claims Is Allowable Deduction: ITAT
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that a...
Direct Tax
CBDT’s Revised Rs. 2 Crore Tax-Appeal Limit Applies to Pending Cases; Later Exceptions Can’t Operate Retrospectively: Bombay High Court
The Bombay High Court has disposed of an Income Tax Department appeal involving a...
Direct Tax
Reassessment Beyond 3 Years Requires PCCIT Sanction: ITAT Quashes Notice Approved by CIT
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has quashed reassessment proceedings...
Direct Tax
Stamp Duty Value Must Be Determined on Property Allotment Date If Part-Payment Made Through Banking Channel: ITAT
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has deleted an addition...