Bombay High Court Upholds Tata Steel's Classification Of Rs. 212.52 Crore CAF Contribution As Revenue Expenditure The Bombay High Court has ruled in favour of Tata Steel, affirming its right to...
Kerala High Court Grants Income Tax Exemption For Agricultural Land Income Under Section 10(1) Of IT Act The Kerala High Court has ruled that the land in question was utilized for agricultural...
Gujarat High Court Declines To Intervene In Case Challenging Validity of Notices Issued Under Section 153C of the IT Act In a significant judgment, the Gujarat High Court has declined to intervene in...
Bombay High Court: Share Premium from Share Issuance Is Capital, Does Not Constitute Income The Bombay High Court has ruled that the share premium obtained from share issuance is categorized under...
Delhi High Court: Mere TDS Deduction On Grants by A Donor Doesn't Disqualify Assessee-NGO from Section 11 Income Tax Act Exemption The Delhi High Court has ruled that the mere deduction of TDS by a...
ITAT: Stamp Value As On The Date Of Agreement Of Sale, To Be Considered For The Applicability Of Section 56(2)(Vii)(B) Of The Income Tax Act The Income Tax Appellate Tribunal (ITAT) Delhi Bench has...
CBDT Issues Notification for Price Variation Tolerance Limits for Arm’s Length Price Determination for Assessment Year 2023-24 The Central Board of Direct Taxes (CBDT) has notified the tolerance...
ITAT grants relief to MRF Ltd The Income Tax Tribunal quashed notice of re-assessment holding that it was not based on sound footing, is illegal and liable to be quashed The Chennai bench of the...
ITAT gives directions to AO for allowing setting off Capital Loss carried forward against Capital Gains earned Mumbai Bench of the Income Tax Appellate Tribunal (ITAT), gave directions to the...
