Bombay HC rules CBDT Circular disallowing Expenses associated with Doctor Freebies, not applicable to AY 2008-09 [Read Order]
In a major ruling the Bombay High Court ruled that Central Board of Direct Taxes (CBDT) Circular disallowing Expenses associated with Doctor...
![Income Limit u/s 149 IT Act not met: Rajasthan HC stays Time barred Re-assessment Proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Income-Income-Limit-IT-Act-Rajasthan-High-Court-Time-barred-Re-assessment-Re-assessment-Proceedings-Taxscan.jpg "Income Limit u/s 149 IT Act not met: Rajasthan HC stays Time barred Re-assessment Proceedings [Read Order]")
![CBDT Circular Prescribing Limitation to Decide Application for Compounding of Offence Violative of S. 279(2) of Income Tax Act: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/CBDT-Circular-Income-Tax-Act-Bombay-HC-TAXSCAN.jpg "CBDT Circular Prescribing Limitation to Decide Application for Compounding of Offence Violative of S. 279(2) of Income Tax Act: Bombay HC [Read Order]")
CBDT Notifies Income Tax Exemption to Indian Institute of Science Education and Research, Tirupati [Read Notification]
The Central Board of Direct Taxes (CBDT) has notified the income tax exemption under section 35(i)(ii) of the Income Tax Act, 1961. Those scientific research association or organization which has...
![CBDT Notifies Income Tax Exemption to Indian Institute of Science Education and Research, Tirupati [Read Notification]](https://www.taxscan.in/wp-content/uploads/2023/01/CBDT-Income-Tax-Income-Tax-Exemption-Indian-Institute-of-Science-Education-and-Research-taxscan.jpg "CBDT Notifies Income Tax Exemption to Indian Institute of Science Education and Research, Tirupati [Read Notification]")
CBDT Instructions/Circulars binding on AO: ITAT quashes Assessment Violating Norms of Limited Scrutiny [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench, while quashing an income tax assessment passed in violation of the norms of the limited scrutiny, has held that the instructions/circulars...
![CBDT Instructions/Circulars binding on AO: ITAT quashes Assessment Violating Norms of Limited Scrutiny [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/CBDT-Instructions-CBDT-Circulars-ITAT-Assessment-Limited-Scrutiny-taxscan.jpg "CBDT Instructions/Circulars binding on AO: ITAT quashes Assessment Violating Norms of Limited Scrutiny [Read Order]")
Loss on Forex fluctuations on Forward Contracts are Deductible u/s 37(1) of Income Tax Act: Delhi HC [Read Order]
In a recent ruling of Delhi High Court (HC) of Justice Vibhu Bakhru and Justice Purushaindra Kumar Kaurav held that the loss on Foreign Exchange fluctuations on forward contracts are deductible under...
![Loss on Forex fluctuations on Forward Contracts are Deductible u/s 37(1) of Income Tax Act: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Loss-on-Forex-fluctuations-Forward-Contracts-Forex-fluctuations-on-Forward-Contracts-Forward-Contracts-Income-Tax-Act-Delhi-Highcourt-taxscan.jpg "Loss on Forex fluctuations on Forward Contracts are Deductible u/s 37(1) of Income Tax Act: Delhi HC [Read Order]")
Benefit of CBDT Circular providing Ceiling on Holding of Jewellery can be Extended to Jewellery held by Minor Son and Daughter: ITAT [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) has held that the benefit of the circular issued by the Central Board of Direct Taxes (CBDT) providing a ceiling on the holding of the...
![Benefit of CBDT Circular providing Ceiling on Holding of Jewellery can be Extended to Jewellery held by Minor Son and Daughter: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/CBDT-Circular-Holding-of-Jewellery-Ceiling-on-Holding-of-Jewellery-Jewellery-Minor-Son-Daughter-ITAT-taxscan.jpg "Benefit of CBDT Circular providing Ceiling on Holding of Jewellery can be Extended to Jewellery held by Minor Son and Daughter: ITAT [Read Order]")
