Supreme Court: Panchnama Last Drawn Date is the Starting Point of Limitation of Two Years for Completing Block Assessment Under Income Tax Act The Supreme Court by its coram comprising of Justices...
ITAT Criticizes AO: Characterization of Share Application Money by AO as Unexplained Cash Credit is Devoid and Bereft of Necessary Verifications The Income Tax Appellate Tribunal (ITAT), Raipur while...
ITAT: Reasons Recorded for Reopening Assessment Are Examined on Standalone Basis to Determine Validity of Proceedings under Section 147 of Income Tax Act The Income Tax Appellate Tribunal (ITAT),...
ITAT: Expenditure Incurred by Flipkart Towards ESOP Eligible for Deduction Under Section 37 of Income Tax Act The Income Tax Appellate Tribunal (ITAT), Bangalore in a cross appeal observed, that...
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...
Central Government Issues Notification on Norms of ‘Reporting Entities’ under Prevention Of Money Laundering Act To Cryptocurrency Exchanges The Ministry of Finance through its Department of Revenue...
Calcutta High Court penalizes income tax officer for issuing notice to non-existent entity twice The assessing officer Bitan Roy has been ordered to pay a fine of Rs.20,000 As a disciplinary...
Khaitan and Co advised Hinduja Global Solutions on business transfer agreement with Teklink Software The execution and closing of the transaction were done under BTA along with other ancillary...
CBDT: Insolvency and Bankruptcy Board of India is Eligible for Tax Exemption on Grant-in-Aid, Fines, Fees, Interest Income Accrued The Ministry of Finance by its Department of Revenue- Central Board...
Madhya Pradesh High Court: Alternative Remedy under Section 246 of Income Tax Act is Not Absolute Bar to Examine Conditions to Issue Reassessment Notice The Madhya Pradesh High Court observed that,...
ITAT: Claim of Deduction Towards Employee’s Contribution to PF and ESI by Taxpayer Is Not Allowed The Income Tax Appellate Tribunal (ITAT), Mumbai bench ruled that the claim of deduction towards...
ITAT: Centralized Processing Centre Not authorized to Make Adjustment for Disallowance of Deduction under Section 80P The Income Tax Appellate Tribunal (ITAT), Mumbai by its division member bench...
