Delhi High Court: Subscription to Legal Database Does Not Amount to Transfer of Copyright under DTAA Declines to interfere with the judgment of the Income Tax Appellate Tribunal The Delhi High...
ITAT: OYO Exempt from TDS on Minimum Guarantee Payments to Hotels The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has ruled that assessee, is not subject to TDS under Section 194C of the...
ITAT: ‘Commencement Of Activity’ Doesn’t Apply To Trusts Already In Charity Before Acquiring Provisional Registration Notes that the assessee had applied on Form 10 AB within the prescribed period ...
ITAT: There Must Be Reasonable Basis To Apply Certain Net Profit Rates In Unexplained Sales Dismisses the revenue department’s appeal for not providing any justification for it The Rajkot,...
ITAT Slams "Ad Hoc" Expense Disallowance Without Specific Justifications A taxpayer in New Delhi recently won an appeal against the Income Tax Department's hefty deductions from their business...
Bombay High Court States HSBC Bank, Having Bona Fide Banking Business in Mauritius, is Exempt From Tax Under DTAA The Assessing Officer had refused to accept the assessee's claim that the interest...
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...
Supreme Court: ITR Filed Without Regular Balance Sheet And Profit & Loss Account May Be Defective But Not Invalid Rules that the Assessing Officer could have informed the assessee about the...
Supreme Court: Taxpayer Entitled To Hearing On Merit If High Court Dismisses Appeals For Delay In Filing Paper-Book States that the Court would have condoned the delay for the AY 2001-2002 if the...
ITAT: Taxpayer Staying In India For Less Than 182 Days Entitled To ‘Non-Resident’ Status Under Section 6(1) Rejects the AO’s argument that since the assessee went on an ‘occupation’ permit to work...
Calcutta High Court: Revenue From Sub-Letting Is 'Business Income' If Purpose Is Renting Or Licensing Space Notes that the assessee was in the business since 1972 and the IT department never took a...
Delhi High Court Overturns CIT Ruling: Mutual Fund Transactions Treated as Capital Gains, Not Business Income In a significant ruling, the Delhi High Court has declared that transactions involving...
