Headlines Page 609

Begin typing your search above and press return to search.

Home
»
Headlines

Genuineness of Share Capital: ITAT quashes Rs. 2.62 Crore Addition u/s 68 [Read Order]

The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT ) quashed a ₹2.62 crore addition under Section 68 oF Income Tax Act,1961, stating that the...

Rule 9(1)(bb) of Cenvat Credit Inapplicable to RCM as Payments not based on Supplementary Invoices:...

Conversion of Drawback Shipping Bills to DFIA Shipping Bills allowable as No Time limit mentioned...

Punjab & Haryana High Court - high court - property transaction - Disciplinary Findings - high court of Punjab & Haryana - high court news

Violation of Conduct Rules by Judicial Officer in Property Transactions: Punjab & Haryana HC upholds...

Income Tax Reassessment gone wrong: ITAT sets aside Order for Incorrect Invocation of Section 148...

ITAT allows Set Off of Accumulated Deficit against Current Year Surplus [Read Order]

In a recent ruling, the Income Tax Appellate Tribunal ( ITAT ), Delhi Bench, has allowed Set off of Accumulated Deficit against Surplus. The case revolves around the refusal of the Income Tax...

Service Tax Not applicable on Training and Coaching service provided outside India: CESTAT sets aside Service Tax Demand [Read Order]

The Bangalore bench of the Customs, Excise & Service Tax Appellate Tribunal ( CESTAT ) has set aside the service tax demand as it is not applicable on training and coaching services provided...

DRI Prosecution after 17 Years Delay: Delhi Court Slams Dept with 50k Costs to be Borne by Offices [Read Order]

A Delhi court has strongly criticized the Directorate of Revenue Intelligence (DRI) for an "inordinate" 17-year delay in prosecuting a case against Baba Leather Impex Pvt. Ltd. and other related...

DRI prosecution delay case - DRI - Baba Leather Impex case - ACMM Vaibhav Chaurasia judgment - taxscan

Interest u/s 234C to be calculated on Returned Income: ITAT in Goldman Sachs case [Read Order]

In a recent ruling, the Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) held that interest under Section 234C of the Income Tax Act, 1961, should be calculated based on the returned income...

ESOP expenses should not be regarded contingent or notional: ITAT allows Goldman Sachs to claim deduction u/s 37(1) [Read Order]

In a recent ruling, the Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) allowed Goldman Sachs to claim deduction under Section 37(1) of the Income Tax Act 1961 and held that ESOP expenses...

Revenue Contests CIT(A)’s Penalty Reduction citing HC’s Pending Appeal: ITAT clarifies AO can Revise Order if HC modifies Order [Read Order]

The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) dismissed Revenue's appeal challenging the CIT(A)’s reduction of penalties citing pending High Court appeals. The tribunal upheld the...

ITAT Ruling: Taxpayer gets relief on Cash Deposits, Revenue loses on Deduction Claim [Read Order]

The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT), ruled that Income of beneficiaries of assessee-trust cannot be treated as income in the hands of the assessee-trust, providing relief...

Prev Page Next Page