Black Money Act

Recent Posts

• Allotment of new shares by a company is not ‘transfer’ – ITAT Rajkot
• Sale of DGR manuals/publications is a sale of copyrighted articles and not royalty.
• Notice to Salaried taxpayers over massive fraud involving around 90,000 salaried taxpayers with collective wrongful tax deduction worth nearly ₹1,070 crore
• Commission paid to Non-residents for services rendered outside India not taxable without PE in India
• Service by Subsidiary to Parent Not ‘Intermediary Service’: Gujarat HC
• 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
• 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
• Procedural technicalities should not outweigh the goal of substantial justice: ITAT, Agra
• 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.
• Final Assessment order passed without a valid approval under Section 153D renders Assessment invalid: ITAT Raipur.