Bombay High Court Rules Assessee Cannot Be Penalized for Chartered Accountant’s Belated Advice in Tax Filing
Bombay High Court Rules Assessee Cannot Be Penalized for Chartered Accountant’s Belated Advice in Tax Filing Balaji Landmarks LLP…
Income Tax
TAX COMPLIANCE TRACKER – NOVEMBER, 2025
Tax Compliance Tracker – November, 2025 Tax Compliance Tracker – November, 2025 1. Compliance requirement under Income Tax act,…
Trading and Support Go Hand-in-Hand: ITAT Rules in Favour of Juniper India: Transfer Pricing dispute
Trading and Support Go Hand-in-Hand: ITAT Rules in Favour of Juniper India: Transfer Pricing dispute In a recent ruling…
Final Assessment Order Barred by Limitation: Karnataka HC Dismisses Revenue’s Appeal in Yokogawa India Case
Final Assessment Order Barred by Limitation: Karnataka HC Dismisses Revenue’s Appeal in Yokogawa India Case In a significant ruling…
Chennai ITAT Sends TP Adjustment Back to TPO Over BPO and IT Services to AEs
Chennai ITAT Sends TP Adjustment Back to TPO Over BPO and IT Services to AEs The Chennai Bench of…
Faceless Assessment Set Aside by Bom HC – Reliance on Non-Existent Case Laws and Ignoring Reply Violates Natural Justice:
Faceless Assessment Set Aside by Bom HC – Reliance on Non-Existent Case Laws and Ignoring Reply Violates Natural Justice: …
No TP Adjustment on Brand Royalty: ITAT Follows Precedent in Vodafone Case
No TP Adjustment on Brand Royalty: ITAT Follows Precedent in Vodafone Case The Delhi Bench of the Income Tax…
Key Restrictions on Cash Transactions under the Income-tax Act, 1961
Key Restrictions on Cash Transactions under the Income-tax Act, 1961 1. Section 40A(3) – Disallowance of Cash Expenditure Any…
ITR Date Extension: The Great Indian Waiting Game
ITR Date Extension: The Great Indian Waiting Game It’s that time of the year again — when coffee turns…
Bareboat Charter Payments to AE Held at Arm’s Length When Key Functions and Risks Lie with Indian JV
Bareboat Charter Payments to AE Held at Arm’s Length When Key Functions and Risks Lie with Indian JV Mumbai ITAT…
Failure to Grant Cross-Examination in Bogus Purchase Cases – Bombay High Court Upholds Relief, Restricts Addition to 15%
Failure to Grant Cross-Examination in Bogus Purchase Cases – Bombay High Court Upholds Relief, Restricts Addition to 15% Pr.…
CBDT Extends Due Dates for Audit & ITR Filing
CBDT Extends Due Dates for Audit & ITR Filing CBDT has officially extended key due dates for Assessment Year…
CBDT Empowers CIT (CPC), Bengaluru with Concurrent Powers for Rectification:
CBDT Empowers CIT (CPC), Bengaluru with Concurrent Powers for Rectification: Notification No. 155/2025 | Dated: October 27, 2025 Introduction:…
Extension of time lines for filing of CRA -4 till Dec 31
Extension of time lines for filing of CRA -4 till Dec 31 The copy of the Circular is as…
Prosecution under Section 276C(2) Unsustainable When Entire Tax Paid Before Filing of Complaint
Prosecution under Section 276C(2) Unsustainable When Entire Tax Paid Before Filing of Complaint Madras High Court in G Square…
Bogus purchases addition under section 69 C rws 115 BBE
Bogus purchases addition under section 69 C rws 115 BBE Jain Brothers v. NFAC, New Delhi-ITAT Delhi – ITA…
Significant Economic Presence (SEP) under the Income-tax Act, 2025
Significant Economic Presence (SEP) under the Income-tax Act, 2025 Introduction: 1. The concept of Significant Economic Presence (SEP) is…
Infosys Buyback – A Lesson in Evolving Tax Laws
Infosys Buyback – A Lesson in Evolving Tax Laws No matter how smart or profitable a transaction looks, if tax…
