Income Tax Appellate Tribunal: CIT(A) Cannot Dismiss Appeals For Non-Prosecution The Delhi Bench of the Income Tax Appellate Tribunal (ITAT), comprising Challa Nagendra Prasad (Judicial Member) and...
Delhi High Court: 20% Pre-Deposit Not Required for Stay Application during Pendency of First Appeal The Delhi High Court has ruled that the requirement of a 20% pre-deposit is not obligatory for the...
Delhi High Court: Sales Tax Incentive Received by Companies is Capital Receipt The Delhi High Court recently delivered a verdict in a tax case, clarifying the nature of a sales tax subsidy received...
ITAT (Delhi): No TDS on Commission for Order Procurement by Foreign Agents The Delhi bench of the Income Tax Appellate Tribunal has ruled in favour of Alnoor Exports (the assessee), stating that the...
ITAT Chandigarh: Ownership of Land Not Mandatory to Claim Agriculture Income The Income Tax Appellate Tribunal (ITAT) in Chandigarh has recently determined that owning land in one's name is not a...
Bombay High Court: Assessing Officer Holds No Jurisdiction to Reopen Assessment for Disputes Settled Under Kar Vivad Samadhan Scheme The Bombay High Court by its division judges bench comprising of...
ITAT: Sharp Rise in Price of Script Cannot be Sole Criterion to Conclude that Price was Rigged to Generate Short-Term Capital Gain The Income Tax Appellate Tribunal (ITAT), Ahmedabad, by its division...
ITAT Reiterates: Nexus Between TDS & Corresponding Income Element Is Notional/Conceptual The Income Tax Appellate Tribunal (ITAT), Delhi, by its coram comprising of Anubhav Sharma (Judicial...
ITAT: Expenditure under ESOP is an Allowable Expense The Income Tax Appellate Tribunal (ITAT), Delhi by its two-member bench of Challa Nagendra Prasad (Judicial Member) and Shamim Yahya (Accountant...
ITAT: Uber India Cannot be Termed as ‘Person Responsible for Paying’ Driver Restaurant Partners The Income Tax Appellate Tribunal (ITAT), Mumbai by its division member bench of Sandeep Singh Karhail...
Supreme Court: Under Section 263 of Income Tax Act, CIT has Revision Powers Over Erroneous Order Issued by AO Causing Prejudice to Revenue The Supreme Court by its division bench of Justices M.R....
ITAT: Formula One World Championship Assessed on Relevant Income and Taxed Directly; No Disallowance to be made on Race Promotion Fee The Income Tax Appellate Tribunal (ITAT), Delhi by its division...
