Ashkar Tovarishch
Income Tax Reduction: Handling Dividend Income from Shares and Mutual Funds
It is important to understand how the dividend income arising from equities and mutual funds influences one’s income tax return. While dividends are...
![Appellant Entitled to Interest on GST Refund for Amount Deposited during Investigation u/s 35EE of Central Excise Act: CESTAT allows Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/CESTAT-GST-Refund-Interest-on-GST-Refund-Section-35EE-of-Central-Excise-Act-Taxscan.jpeg "Appellant Entitled to Interest on GST Refund for Amount Deposited during Investigation u/s 35EE of Central Excise Act: CESTAT allows Appeal [Read Order]")
![ITAT allows Deduction u/s 54 of Income Tax Act for Investment made in New Residential Property [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/ITAT-ITAT-Ahmedabad-Income-Tax-Income-Tax-Act-Section-54-Income-Tax-Act-New-Residential-Property-taxscan.jpg "ITAT allows Deduction u/s 54 of Income Tax Act for Investment made in New Residential Property [Read Order]")
![No Wrong in Jewellery kept in Maternal Family by Married Daughter: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/ITAT-Income-Tax-Addition-ITAT-Delhi-Income-Tax-Jewellery-Income-Tax-Jewellery-in-Maternal-Family-Taxscan.jpg "No Wrong in Jewellery kept in Maternal Family by Married Daughter: ITAT deletes Addition [Read Order]")
Bombay HC Orders Customs to Refund Rs.35L for Seized Gold Chain with Diamond Pendant Bought in 1989, Quashes Proceedings
The Bombay High Court ordered the customs department to refund Rs.35 lakh to an Indian-origin US citizen for a seized gold chain with diamond pendant he claimed to have purchased in 1989 (evidenced...
Assessee can’t be Penalized for Fault of CA: ITAT Condones Delay of 1430 days in filing Appeal [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal ( ITAT ) held that an assessee cannot be penalized for the fault of their Chartered Accountant ( CA ) and accordingly condoned an exorbitant...
![Assessee can’t be Penalized for Fault of CA: ITAT Condones Delay of 1430 days in filing Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/ITAT-ITAT-Ahmedabad-CA-assessee-cannot-be-penalized-Fault-of-CA-Condones-Delay-Chartered-Accountant-NFAC-taxscan.jpg "Assessee can’t be Penalized for Fault of CA: ITAT Condones Delay of 1430 days in filing Appeal [Read Order]")
Reasonableness of Business Expenditure should be Judged from the point of view of Businessman and not Revenue: ITAT [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) allowed the appeal, emphasising that the reasonableness of business expenditure should be judged from the point of view of the...
![Reasonableness of Business Expenditure should be Judged from the point of view of Businessman and not Revenue: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/Income-Tax-ITAT-Tax-news-ITAT-Ahmedabad-Business-Expenditure-Income-Tax-TAXSCAN.jpg "Reasonableness of Business Expenditure should be Judged from the point of view of Businessman and not Revenue: ITAT [Read Order]")
Consultancy Charges paid to Resident Director not 'Excessive or Unreasonable': ITAT allows Company’s Deduction Claim [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal ( ITAT ) determined that the consultancy charges paid to a resident director by M/s Egberts India Private Limited were not "excessive or...
![Consultancy Charges paid to Resident Director not Excessive or Unreasonable: ITAT allows Company’s Deduction Claim [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/ITAT-ITAT-Chennai-Consultancy-Charges-Resident-Director-Company-Deduction-Claim-Income-Tax-Appellate-Tribunal-taxscan.jpg "Consultancy Charges paid to Resident Director not Excessive or Unreasonable: ITAT allows Company’s Deduction Claim [Read Order]")
Relief to Samsung India: Delhi HC dismisses Appeal against Transfer Pricing Adjustments of Rs. 1.99 Cr for Payment of Royalty [Read Order]
The Delhi High Court has dismissed the income tax appeal challenging transfer pricing adjustments amounting to Rs. 1.99 crore made by the Tax Authorities on Samsung India's royalty payments to its...
