Allotment of new shares by a company is not ‘transfer’ – ITAT Rajkot
Allotment of new shares by a company is not ‘transfer’ – ITAT Rajkot Section 56(2)(vii)(c)(ii) of Income Tax Act…
Month: January 2025
Sale of DGR manuals/publications is a sale of copyrighted articles and not royalty.
Sale of DGR manuals/publications is a sale of copyrighted articles and not royalty. Mumbasi ITAT has recently held that…
Notice to Salaried taxpayers over massive fraud involving around 90,000 salaried taxpayers with collective wrongful tax deduction worth nearly ₹1,070 crore
Notice to Salaried taxpayers over massive fraud involving around 90,000 salaried taxpayers with collective wrongful tax deduction worth nearly ₹1,070…
Commission paid to Non-residents for services rendered outside India not taxable without PE in India
Commission paid to Non-residents for services rendered outside India not taxable without PE in India Chennai ITAT rules that…
Service by Subsidiary to Parent Not ‘Intermediary Service’: Gujarat HC
Service by Subsidiary to Parent Not ‘Intermediary Service’: Gujarat HC In the case of Infodesk India Pvt. Ltd. vs.…
An order discussing Section 220(2A) providing discretionary powers to the Chief Commissioner or Commissioner to waive or reduce the interest levied on delayed payment of tax
An order discussing Section 220(2A) providing discretionary powers to the Chief Commissioner or Commissioner to waive or reduce the interest…
VSVS – 2024 benefit extended for order passed as on 22 July 2024 but time line to file appeal was available as on 22 July 2024
VSVS – 2024 benefit extended for order passed as on 22 July 2024 but time line to file appeal was…
Procedural technicalities should not outweigh the goal of substantial justice: ITAT, Agra
Procedural technicalities should not outweigh the goal of substantial justice: ITAT, Agra The decision in Aastitva Jain Family Trust…
Technical or venial breaches should not result in harsh penalties, especially when the assessee had disclosed the investments in Schedule FA in earlier and subsequent years.
Technical or venial breaches should not result in harsh penalties, especially when the assessee had disclosed the investments in Schedule…
Final Assessment order passed without a valid approval under Section 153D renders Assessment invalid: ITAT Raipur.
Final Assessment order passed without a valid approval under Section 153D renders Assessment invalid: ITAT Raipur. ITAT Raipur recently has…
Delay in filing appeal by 285 days due to Non-Service of Hard Copy of Order condoned by Madras HC
Delay in filing appeal by 285 days due to Non-Service of Hard Copy of Order condoned by Madras HC …
Transfer of a share in partnership firm is also covered under section 56(2)(x)
Transfer of a share in partnership firm is also covered under section 56(2)(x) Section 56(2)(x) of Income Tax Act…
Submission of Basic Documents like PAN & ITR etc doesn’t prove genuineness – Section 263 can be invoked on allegation of accommodation entries
Submission of Basic Documents like PAN & ITR etc doesn’t prove genuineness – Section 263 can be invoked on allegation…
Triplex flat constitutes a single residential unit for Section 54 Exemption: ITAT Mumbai
Triplex flat constitutes a single residential unit for Section 54 Exemption: ITAT Mumbai Bhaskar Prataprai Shah Vs DCIT (ITAT…
Farewell Old Tax Regime? Why This Budget Could Redefine Taxes Forever
Farewell Old Tax Regime? Why This Budget Could Redefine Taxes Forever With Union Budget 2025 just a few days…
Section 159 applies only if reassessment notice is issued before Assessee’s death
Section 159 applies only if reassessment notice is issued before Assessee’s death In a writ petition recently, the court…
Section 87A PIL disposed of by Bombay HC
Section 87A PIL disposed of by Bombay HC On admissibility of rebate under section 87A, the court has held…
CIT(E) Can’t Reject Trust’s Registration Application Based on Only One Clause of Trust Deed- Surat ITAT
CIT(E) Can’t Reject Trust’s Registration Application Based on Only One Clause of Trust Deed- Surat ITAT Facts of the…
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