Kerala High Court: Customized Software Developed for Specific Users Are Taxable under the Category of ‘Goods’ The Kerala High Court clarified that software developed and customized for a specific...
Delhi High Court Grants Stay on Reassessment Proceedings Against Flipkart Marketplace The Delhi High Court has granted a stay on the reassessment proceedings initiated by the Income Tax Department...
Karnataka High Court: IT Dept Has No Jurisdiction Over Tax Utilization of ‘Bandwidth Facilities’ Situated Overseas The Karnataka High Court while setting aside the order of Income Tax Appellate...
Bombay High Court Quashes Reassessment: Duty of AO to Check Whether Unabsorbed Depreciation Brought Forward Should Be Adjusted Against Capital Gains The Bombay High Court while quashing the...
Bombay High Court: Capital Gains Cannot be Added as Unexplained Cash Credit under Section 68 of Income Tax Act, 1961 The Bombay High Court has observed that capital gains cannot be added as...
Delhi High Court: Software Development Services Offered by TCS International cannot be Used as Comparable as Ge India Business Services is engaged in ITES/BPO The Delhi High Court while...
Supreme Court: Completed/Unabated Assessments Can be Re-Opened by AO Subject to Fulfilment of Conditions Envisaged under Sections 147/148 of Income Tax Act The Supreme Court has observed that...
Delhi High Court: Subscription Received from Subscriber’s Cannot Be Treated as Royalty as No Copyright is Granted to Subscribers The Delhi High Court ruled that the subscription amount cannot be...
Calcutta High Court: No Amount can be Deducted as TDS from the Decretal Sum The Calcutta High Court has observed that the settled position in law is that, no amount can be deducted as tax at source...
ITAT: Payments Paid for Acquiring Membership in a Social Club Cannot be Allowed as Business Expenditure The Income Tax Appellate Tribunal (ITAT), Mumbai, has observed that payments made for...
Delhi High Court: Subsidy Received by Nestle India to Establish Industrial Unit in Backward Area is ‘Capital Receipt’ The Delhi High Court while dismissing the appeal filed by the Revenue, affirmed...
Delhi High Court Quashed Reassessment Notice: Whether Notice Issued to an Individual or Corporate Entity Must be Clearly Stated by the AO The Delhi High Court by its coram comprising of Justices...
