Delhi High Court provides relief to Blackstone Group in income tax case Directs the revenue department to verify the capital amount transaction matter The Delhi High Court has set aside the...
ITAT: Company's Income cannot be assessed under the head 'salary' The Income Tax Appellate Tribunal, Hyderabad bench (in short ITAT) ruled that since the assessee/appellant- Ducere Technologies...
Win for Asian Paints as Bombay High Court quashes Reassessment Order The Bombay High Court by its division bench comprising of Justices Dhiraj Singh Thakur and Valmiki SA Menezes, quashed the...
Income tax to be levied on interest income from fixed deposits after ownership determined by arbitral tribunal: Delhi High Court Income tax cannot be levied on the interest income from fixed...
Compensation received for compulsory acquisition of commercial land is exempt from levy of income tax: Patna, ITAT The compensation received in respect of an award or agreement has been exempted from...
ITAT deletes penalty on grounds of bonafide and unintentional mistake. The ITAT admitted that the excess claim of deduction was due to bona fide and unintentional mistake The Pune Bench of...
Calcutta High Court Upholds Income Tax Settlement As There Is No Legal Infirmity In Its Process The Court felt there was no ground to interfere with the order of the Settlement Commission since no...
Madras High Court Dismisses Appeal by Commissioner of Income Tax As There Is No Substantial Question of Law The Madras High Court dismissed an appeal filed by the Commissioner of Income Tax on ...
Madhya Pradesh High Court Stays CBDT Notifications The Court granted interim protection to the Petitioner by directing no coercive action would be taken against him The Madhya Pradesh High...
NRI investment in India NRIs to invest in India, requires to follow certain simple procedures and get the returns easily without facing double taxation. Can NRIs invest in India? The...
How is Tax Deducted At Source For An Income? A tax that is payable to the Government is deducted by the person who is making the payment, before transferring the money. The tax deducted at the...
Delhi High Court Rejects Writ Petition of Income Tax Demand Against BT India The Delhi High Court (HC) dismissed the writ petition regarding the Income Tax Demand against BT India. The issue, in this...
