ITAT: Subsidy Granted as an Incentive for Encouraging to Setup Industries Not to be Treated as Revenue Receipt The Income Tax Appellate Tribunal (ITAT), Pune, coram comprising of Partha Sarathi...
ITAT: No Penalty Can be Levied for Venial Technical Breach Without ‘Mala Fide Intention’ under Section 271B of Income Tax Act The Income Tax Appellate Tribunal (ITAT), Chennai has observed that when...
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...
Bombay High Court: Certificate Issued by Singapore Tax Authorities Constitutes Valid Evidence to Claim Exemption on Capital Gain The Bombay High Court by its division judge’s bench of Justices K.R....
Bombay High Court: Assessing Officer Can Make Reference to TPO only After Selecting Case for Scrutiny Assessment The Bombay High Court has ruled that an Assessing Officer (AO) can make reference to...
ITAT: Claim for Deduction Under Section 80IC is Permissible After Filing of Return but Before Completion of Assessment The Income Tax Appellate Tribunal (ITAT), Delhi bench, while partly allowing the...
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: Expenditure Incurred in Earlier Years can be Taxed in Subsequent Years on the Ground of Bogus Expenditure The Income Tax Appellate Tribunal (ITAT), Delhi, by its division member bench of C.M....
Bombay High Court: Onus Lies on AO to provide reasons to disbelieve bank statements & supporting documents to reopen assessment The Bombay High Court by its coram comprising of Justices Kamal...
ITAT Reiterates: Amount Received Towards Reimbursement of Global Account Management Charges is Not FTS/FIS The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has ruled that the Assessing...
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...
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...
