The Two member bench of Pune Income Tax Appellate Tribunal ( ITAT )  held that constructing and maintaining houses, housing colonies for the low income group people are not charitable purposes under Section 2(15) of

The Chennai bench of the Income Tax Appellate Tribunal ( ITAT ) allowed the appeal as the timeline prescribed for filing Form No. 10AB for recognition under section 12A of the Income Tax Act, 1961

The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) granted deduction under Section 37 as Rs. 4.41 crore expenditure justified for Research and Development ( R&D ) unit operations under Section 35

The Kolkata bench of the Income Tax Appellate Tribunal ( ITAT ) deleted the Section 68 addition under Income Tax Act, 1961, noting that the Assessing Officer ( AO ) failed to investigate the evidence

The Bangalore bench of the Income Tax Appellate Tribunal ( ITAT ) remitted the case to the Assessing Officer ( AO ) for fresh consideration stating that not every deposit during the demonetization period would

The Calcutta High Court has quashed an order passed by the Municipal Assessment Tribunal (MAT) of Kolkata Municipal Corporation that reduced the annual valuation of a building. The case has been remanded to a fresh

The Institute of Chartered Accountants of India ( ICAI ) has found that five affiliates of auditing giant PricewaterhouseCoopers ( PwC ) were violating local laws. In an order released on Friday, ICAI stated that

The Kolkata bench of the Income Tax Appellate Tribunal ( ITAT ) deleted the addition of Rs. 57.5 Crores under Section 68 of Income Tax Act, 1961 after the subscribers affirmed their investments in equity

The Karnataka High Court has refused to quash proceedings initiated against licensed and unlicensed bookies operating within the Bangalore Turf Club who allegedly collected GST from the punters and TDS amount from the winning bettors.

The Delhi High Court dismissed the petition seeking direction to adjudication of the Show Cause Notice ( SCN ) by the  Commissioner of Customs expediently  issued under Section 124 of the Customs Act, 1962. The

The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) ruled that a non-resident's salary or allowance for services rendered abroad is not taxable in India. During Assessment year 2020-21, the Assessee,Yogesh Kotiyal

The Delhi High Court quashed the summons issued by the Additional Chief Metropolitan Magistrate (ACMM), Patiala House Courts, New Delhi, for not taking cognizance or any directions for issuing the summons against the petitioner. The

The Calcutta High Court observed that the legitimacy of income not established when investment made from share premium without noticeable business activity. The assessee filed the return of income disclosing a total income of Rs.

The Delhi High Court upheld the decision of the single bench holding that the exporter cannot be permitted to export banned non- basmati white rice, due to the non-fulfilment of the conditions entitling it to

The Calcutta High Court held that Assessing Officers ( AO ) cannot draw adverse inferences on the non-response of directors to notices. The court, while examining the validity of the addition made under Section 68