In the case of Keenara Industries Private Limited v. ITO and other 256 cases Gujarat High Court set aside Notices under section 148 of Income Tax Act, 1961 and impugned orders under section 148A(d) on the

The Income Tax Appellate Tribunal ( ITAT ), Ahmedabad Bench, has recently, in an appeal filed before it, held that higher rate of depreciation at 50% is allowable on commercial vehicles only. The aforesaid observation

The Bangalore Income Tax Appellate Tribunal (ITAT) has recently held that capital gain exemption under section 54B of Income Tax Act 1961 could be claimed without filing of Income Tax Return. Section 54B of Income

The Pune Income Tax Appellate Tribunal (ITAT) has recently held that lease rent paid for acquiring mining rights is capital in nature and no deduction would be allowable. Assessee ZF Steering Gear (India) Ltd is a

The Bangalore Income Tax Appellate Tribunal (ITAT)has recently  while allowing the deduction claim of assessee held that condonation of application was not required when the delay were condoned by Central Board Direct Tax circular Assessee

The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) has held that the amount of provision for bad and doubtful debts reduced from Sundry Debtors Balance won't be hit by Clause (i)

It is important for individuals to be good citizens by paying their taxes on time and following all major tax-related rules and regulations proposed by the government. This is crucial for the economic development of

The Pune Bench of the Income Tax Appellate Tribunal ( ITAT ) has deleted the addition of cash deposits during demonetization on proper explanation as to utilization of the cash deposit. During the course of

The Chennai Bench of the Customs, Excise and Service Tax Appellate Tribunal ( CESTAT ), quashed service tax liability on miscellaneous income which was treated as receipts towards construction services. The appellant, M/s. Jain Housing

The Central Board of Direct Taxes (CBDT) notified the Income Tax exemption to Insolvency and Bankruptcy Board of India (IBBI) under section 10(46) of Income Tax Act, 1961. According to section 10(46), any specified income

The Banglore Bench of the Income Tax Appellate Tribunal (ITAT) has ruled that the amounts paid by Google India to Google US in relation to seconded employees do not come under the purview of fees

A Division Bench of the Delhi High Court has instructed the Commissioner of Income Tax (CIT) to grant a personal hearing to OYO Hotels and Homes Private Limited (OYO) to decide on the stay on

The Central Board of Direct Taxes ( CBDT ) by Notification No. 8/2023 dated February 28, 2023, has released a Corrigendum to Notification No. 04/2023 dated February 10, 2023. The latter notification announced the new

It is important for individuals to be good citizens by paying their taxes on time and following all major tax-related rules and regulations proposed by the government. This is crucial for the economic development of

The High Court (HC) Orissa in its recent judgement has observed that obtaining conversion by assessee will increase chance of recovery by revenue and held that the State cannot oppose the claim for conversion. Ramavtar