ITAT BCCI Not Liable to Deduct Tax: Payment of Compensation to CSA Under Termination Agreement Is Not Taxable Under India-South Africa DTAA The Income Tax Appellate Tribunal (ITAT), Mumbai, by its...
Supreme Court: In Absence of Incriminating Material No Additions can be levied to Taxable Income The Supreme Court while adjudicating batch of appeals has observed that, in the case of...
ITAT: Under Section 14A of Income Tax Act, Disallowance Cannot Exceed the Exempt Income Earned by the Assessee The Income Tax Appellate Tribunal (ITAT), Mumbai has held that disallowance under...
Supreme Court: High Courts are not Precluded from Considering ITAT’s Determination of Arm’s Length Price under Section 260A of Income Tax Act, 1961 The Supreme Court in a significant ruling has held...
Supreme Court: Profit Earned from DEPB / Duty Drawback Schemes is not elgibile for Deduction under Section 80-IB of Income Tax Act The Supreme Court by its coram compisring of Justices M.R. Shah and...
Supreme Court: No Penalty Leviable on Belated Remittance of TDS after Deduction under Section 271C of Income Tax Act The Supreme Court by its division bench of Justices M.R. Shah and C.T. Ravikumar...
CBDT Issues Clarifications: Employer’s Deductions of TDS under New ‘Default’ Personal Tax Regime The Ministry of Finance, Government of India through its Central Board of Direct Taxes (CBDT) vide its...
ITAT: Huawei India Liable to Pay Tax on Income from Provision of technical Services as ‘FTS’ The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has ruled that Huawei is liable to pay tax on...
Delhi High Court Sets Aside Order Withholding Refund to OYO: AO Cannot Withhold Refund on the Ground that Assessee is Selected for Scrutiny Assessment The Delhi High Court by its coram comprising of...
Delhi High Court: ITO Ought to refer Terms of Distributor Agreement to Ascertain the Nature of Right Conferred on Distributor Partner/ Reseller The Delhi High Court by its division bench of Justices...
Bombay High Court Quashes Reassessment Proceedings Against Jetair The Bombay High Court by its division member bench comprising of Justices Kamal Khata and Dhiraj Singh Thakur quashed reassessment...
ITAT: Unabsorbed Depreciation Refers to Depreciation or Part thereof Remained to be Set Off Against Existing Business Profits The Income Tax Appellate Tribunal (ITAT), Delhi by its division-member...
