![Loss due to Exchange Fluctuation is Revenue Expenditure: Supreme Court grants Relief to Wipro [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2022/04/Loss-due-to-Exchange-Fluctuation-Revenue-Expenditure-Supreme-Court-Relief-to-Wipro.jpeg "Loss due to Exchange Fluctuation is Revenue Expenditure: Supreme Court grants Relief to Wipro [Read Judgment]")
Loss due to Exchange Fluctuation is Revenue Expenditure: Supreme Court grants Relief to Wipro [Read Judgment]
In a major relief to Wipro Finance Ltd., the Supreme Court observed that the loss suffered owing to exchange fluctuation can be regarded as revenue...
![Assessing officer should comply with the condition precedent for reopening assessments after limitation: Calcutta HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Assessing-officer-assessments-Calcutta-High-Court-Taxscan.jpg "Assessing officer should comply with the condition precedent for reopening assessments after limitation: Calcutta HC [Read Order]")
![Repeal of S. 144B(9) vide Finance Act, 2022: Supreme Court stays High Court Order declaring Assessment Order Non-Est [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Repeal-Finance-Act-Supreme-Court-High-Court-Order-Assessment-Order-Non-Est-Taxscan.jpeg "Repeal of S. 144B(9) vide Finance Act, 2022: Supreme Court stays High Court Order declaring Assessment Order Non-Est [Read Order]")
![State cannot Introduce Entry Tax after Constitutional Amendment deleting Entry 52 from State List: West Bengal Taxation Tribunal [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Entry-Tax-Constitutional-Amendment-State-List-West-Bengal-Taxation-Tribunal-taxscan.jpeg "State cannot Introduce Entry Tax after Constitutional Amendment deleting Entry 52 from State List: West Bengal Taxation Tribunal [Read Order]")
![Re-Assessment solely based on Information from Investigation Wing is Invalid without Independent Inquiry by AO: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Re-Assessment-Information-Investigation-Wing-Independent-Inquiry-Assessing-Officer-ITAT-Taxscan.jpeg "Re-Assessment solely based on Information from Investigation Wing is Invalid without Independent Inquiry by AO: ITAT [Read Order]")
![GST Provisional Attachment Order not Valid after One Year: Delhi High Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/GST-Provisional-Attachment-Order-Delhi-HighCourt-taxscan.jpg "GST Provisional Attachment Order not Valid after One Year: Delhi High Court [Read Order]")
Period of Limitation for GST Appeal suspended from 15.3.2020 to 14.3.2021: Allahabad HC directs Appellate Authority to re-consider Appeal [Read Order]
The Allahabad High Court has held that while considering the fact that the period of limitation stood suspended by the Apex Court and the High Court from 15.3.2020 to 14.3.2021, that period shall be...
![Period of Limitation for GST Appeal suspended from 15.3.2020 to 14.3.2021: Allahabad HC directs Appellate Authority to re-consider Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Period-of-Limitation-GST-Appeal-GST-Allahabad-High-Court-Appellate-Authority-Appeal-Taxscan.jpeg "Period of Limitation for GST Appeal suspended from 15.3.2020 to 14.3.2021: Allahabad HC directs Appellate Authority to re-consider Appeal [Read Order]")
![High Court cannot dispose of Tax Appeal with a One Paragraph Order: Supreme Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/High-Court-Tax-Appeal-One-Paragraph-Order-Supreme-Court-Taxscan.jpg "High Court cannot dispose of Tax Appeal with a One Paragraph Order: Supreme Court [Read Order]")
![Punjab & Haryana HC grants Bail to GST Accused [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Punjab-Haryana-High-Court-Bail-GST-GST-Accused-Taxscan.jpg "Punjab & Haryana HC grants Bail to GST Accused [Read Order]")
High Court cannot interfere with the Findings of fact recorded By ITAT while exercising Appellate Jurisdiction: Delhi HC [Read Judgment]
The Delhi High Court has held that the High Court, while entertaining an appeal under Section 260A of the Income Tax Act, 1961 cannot interfere with the finding of fact if it involves re-appreciation...
![High Court cannot interfere with the Findings of fact recorded By ITAT while exercising Appellate Jurisdiction: Delhi HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2022/03/High-Court-ITAT-Appellate-Jurisdiction-Delhi-High-Court-taxscan.jpg "High Court cannot interfere with the Findings of fact recorded By ITAT while exercising Appellate Jurisdiction: Delhi HC [Read Judgment]")
Non-Profit Company imparting Education eligible for Income Tax Exemption for Charitable Activities: Calcutta High Court [Read Judgment]
The Calcutta High Court has held that a non-profit organization under section 25 of the Companies Act imparting education is eligible for income tax exemption as the same would be treated as...
![Non-Profit Company imparting Education eligible for Income Tax Exemption for Charitable Activities: Calcutta High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2022/03/Non-Profit-Company-Education-Income-Tax-Exemption-income-tax-Charitable-Activities-Calcutta-High-Court-Taxscan.jpeg "Non-Profit Company imparting Education eligible for Income Tax Exemption for Charitable Activities: Calcutta High Court [Read Judgment]")