Delhi HC upholds Settlement of Derivatives Trading Loss under DTVSV Act, Limits to Specific Dispute [Read Order]
In a recent ruling,the High Court of Delhi upheld the settlement of a disputed derivatives trading loss under the Direct Tax Vivad Se Vishwas ( DTVSV...
![Delhi High Court rescinds Arrest of ITC Fraud-Accused Company Director, notes Discrepant Procedure by GST Dept [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/arrest-1.jpg "Delhi High Court rescinds Arrest of ITC Fraud-Accused Company Director, notes Discrepant Procedure by GST Dept [Read Order]")
DRI Officers' Authority to Issue SCNs Under Customs Act: Delhi HC Analyzes its Unclear Legal Position [Read Order]
In a recent ruling, the Delhi High Court examined the authority of Directorate of Revenue Intelligence ( DRI ) officers to issue Show Cause Notices ( SCNs ) under the Customs Act, 1962, considering...
![Annual Digest 2024: Supreme Court and High Court Cases on Taxation [Part 8]](https://www.taxscan.in/wp-content/uploads/2024/12/Annual-Digest-2024-Supreme-Court-and-High-Court-Cases-on-Taxation-Kerala-Tax-on-Luxuries-Act-income-tax-The-Supreme-Court-of-India-A-Single-Bench-of-Justice-Dinesh-Kumar-Singh-Taxscan.jpg "Annual Digest 2024: Supreme Court and High Court Cases on Taxation [Part 8]")
Undisclosed Income Source must be Specified and Substantiated u/s 271-AAA(2): SC upholds Penalty for Non-Compliance [Read Judgement]
In a recent ruling, the Supreme Court confirmed that Section 271-AAA(2) of the Income Tax Act, 1961 mandated that undisclosed income sources must be specified and substantiated and upheld the penalty...
![Is Cash a Thing under GST Section 67(2)? Supreme Court to Decide [Read Judgement]](https://www.taxscan.in/wp-content/uploads/2024/12/GST-Supreme-Court-Goods-and-Services-Tax-GST-Section-67-TAXSCAN.jpg "Is Cash a Thing under GST Section 67(2)? Supreme Court to Decide [Read Judgement]")
PCIT Challenges ₹67.50 Crores as Unexplained Income: Delhi HC validates it as Land Sale Advance Citing Banking Transfers and Agreements [Read Order]
In a recent ruling, the Delhi High Court upheld the validity of a Rs. 67.50 crore transaction as a legitimate land sale advance citing evidence of banking transfers and an executed Agreement to Sell...
Not All Intellectual Property Disputes are Anti-Competitive: Delhi HC in Relief to JCB India [Read Order]
The Delhi High Court has recently, in relief to J.C. Bamford (JCB) India has held that not all intellectual property disputes are anti-competitive. The court quashed proceedings initiated by the...
