arm’s length price (ALP) adjustment

Vodafone Loses Tax Case: ITAT upholds ALP Adjustment following SC Verdict [Read Order]

January 28, 2018

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ICAI honors CAs at 14th Annual Awards Ceremony

January 22, 2021

The Institute of Chartered Accountants of India (ICAI) had instituted ICAI Awards in the year 2007 to honor and acknowledges the exemplary achievements of its members who have attained exceptional levels of professional achievements in industry and business and are committed to their goals. ICAI continues its legacy to honor stellar individuals and organized 14th […]

CBDT assigns all Penalty cases to National Faceless Penalty Centre [Read Order]

January 21, 2021

The Central Board of Direct Taxes (CBDT) notified that the penalty cases are assigned to the National Faceless Penalty Centre and to be disposed of by National Faceless Assessment Centre under Faceless Penalty Scheme, 2021. The CBDT directed that all the penalty cases initiated under the Income-tax Act, 1961, pending as well initiated subsequently, be […]

Partial Relief to Kingfisher Airlines: ITAT remits issue of disallowance of helicopter expenses back to AO’s file [Read Order]

January 21, 2021

The Income Tax Appellate Tribunal (ITAT), Bangalore in a partial relief to Kingfisher Airlines remitted the issue of disallowance of helicopter expenses back to AO’s file. The assessee company, Kingfisher Airlines is engaged in Airline business. The AO noticed that the assessee has purchased two helicopters during the year relevant to the assessment year 2009-10. […]

Vodafone Idea not liable to deduct TDS on discount extended to its pre-paid distributors on distribution of prepaid services: ITAT [Read Order]

January 21, 2021

The Income Tax Appellate Tribunal (ITAT), Delhi Bench held that the Vodafone Idea Ltd. is not liable to deduct TDS on discount extended to its pre-paid distributors on distribution of prepaid services. The CIT(A) upheld the order of the TDS Officer in treating Appellant, Vodafone Idea Ltd. as ‘assessee in default’ for non-deduction of tax […]

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ICAI honors CAs at 14th Annual Awards Ceremony

January 22, 2021

CBDT assigns all Penalty cases to National Faceless Penalty Centre [Read Order]

January 21, 2021

Partial Relief to Kingfisher Airlines: ITAT remits issue of disallowance of helicopter expenses back to AO’s file [Read Order]

January 21, 2021

Vodafone Idea not liable to deduct TDS on discount extended to its pre-paid distributors on distribution of prepaid services: ITAT [Read Order]

January 21, 2021

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