In a major relief to Vodafone Idea, a division bench of the Bombay High Court comprising Justices K. R. Shriram & Milind N. Jadhav has held that roaming services and international long-distance services provided by

The Bombay High Court set aside the respondent authority’s order rejecting the application of the petitioner for issuance of a certificate. The petitioner, Vijaykumar Satramdas Lakhani is a partner in M/s. Lakhani Realty LLP. During

The Bombay High Court held that the President of the Income Tax Appellate Tribunal (ITAT) is not empowered to transfer live appeals from one bench of the ITAT to another bench outside the headquarters. The

The Bombay High court while quashing the notices issued under Section 148 of the Income Tax Act to State Bank of India (SBI) held that no notice of reassessment can be issued after 4 years

The division bench of Bombay High Court has ruled that Income earned from letting out a premise owned by a charitable trust is exempted from Taxation under section 2(15) of the Income Tax Act, 1961.

The Bombay High Court on Friday refused to grant relief to Varthan Pathak, President of Corporate Affairs, Yash Birla Group and held that stumbling of officer upon Contraband like Cocaine during Income Tax Search doesn’t

The Income Tax Appellate Tribunal (ITAT), Bangalore Bench held that losses on account of exchange fluctuation on forward contracts are allowable as a deduction. The assessee, ABB Global Industries and Services Pvt. Ltd. is a

The Bombay High Court on Thursday reserved its order after hearing a PIL seeking postponement of the implementation of India’s much awaited indirect tax law, i.e Goods and A bench comprising Justice VK Tahilramani and

This weekly round-up analytically summarizes the key stories related to Supreme Court of India and various High Courts reported at Taxscan. in during the previous week from July 31stto August 6th, 2022. Mr. Ashwin Ashokrao

The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has upheld the deletion of disallowance under Section 14A of the Income Tax Act holding that the disallowance could not exceed the exempt income. The assessee-company,

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has quashed a penalty order issued by the income tax department since the Assessing Officer failed to specify the relevant charge against the assessee as

A Division Bench of the Bombay High Court upheld the provisions to levy Goods and Service Tax (GST) on intermediaries. The petitioner in the present matter is Dharmendra M. Jani. The principal challenge in the

In a relief to  Phoenix ARC, the Bombay High Court has set aside  the debt recovery tribunal order, allowing the auction of Usha Kiran flat. The petitioner, Phoenix ARC is a Securitisation and Asset Reconstruction

Bombay High Court (HC) chaired by Justice Valmiki SA Menezes and Justice Dhiraj Singh Thakur decided that without new tangible material there shall be no re-assessment. Further the court opined that in the absence of

In CIT v. M/s. Gagandeep Infrastructure Pvt.Ltd, the division bench of the Bombay High Court held that the amendment to s. 68 requiring explanation for source of Share capital/premium has prospective effect only. The bench