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![GAAAR Upholds Denial of ITC on Share Buyback Expenses for Gujarat Narmada Valley Fertilizers & Chemicals Ltd [Read Order]](https://images.taxscan.in/h-upload/2025/11/10/500x300_2103846-gujarat-narmada-valley-fertilizers-chemicals-ltd-site-image.webp "GAAAR Upholds Denial of ITC on Share Buyback Expenses for Gujarat Narmada Valley Fertilizers & Chemicals Ltd [Read Order]")
GAAAR Upholds Denial of ITC on Share Buyback Expenses for Gujarat Narmada Valley Fertilizers & Chemicals Ltd [Read Order]
The Gujarat Appellate Authority for Advance Ruling (GAAAR) upheld that expenses such as professional fees and legal charges relating to the buyback...
![Bankers Higher Salaries Justify Proportionate Tax Burden, No Arbitrariness: Bombay HC Upholds S. 17(2) Income Tax Amendment [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Bombay-HC-Bombay-High-Court-Higher-Salaries-Tax-Burden-Income-Tax-Amendment-taxscan.jpg "Bankers Higher Salaries Justify Proportionate Tax Burden, No Arbitrariness: Bombay HC Upholds S. 17(2) Income Tax Amendment [Read Order]")
![Difference Between Allotted and Market Price of ESPS Shares Not Taxable as Perquisite u/s 17(2)(iiia) of Income Tax Act: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Income-Tax-Income-Tax-Act-Delhi-HC-ESPS-Employee-Stock-Purchase-Scheme-TAXSCAN.jpg "Difference Between Allotted and Market Price of ESPS Shares Not Taxable as Perquisite u/s 17(2)(iiia) of Income Tax Act: Delhi HC [Read Order]")
![IIT does not falls in status of Central Government for Invoking of Rule 3 and Section 17(2) of Income Tax: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/IIT-Central-Government-Invoking-Rule-3-and-Section-172-of-Income-Tax-ITAT-TAXSCAN.jpg "IIT does not falls in status of Central Government for Invoking of Rule 3 and Section 17(2) of Income Tax: ITAT [Read Order]")
SC issues notice to Centre on Plea by All India Bank Officers Confederation challenging Fringe Benefit Tax Provisions [Read Petition]
The Supreme Court recently, sought response from the finance ministry, the Central Board of Direct Taxes (CBDT) and others on a plea challenging the Fringe Benefit Tax provisions of the Income Tax Act...
![SC issues notice to Centre on Plea by All India Bank Officers Confederation challenging Fringe Benefit Tax Provisions [Read Petition]](https://www.taxscan.in/wp-content/uploads/2016/08/Supreme-Court-of-India-Taxscan.jpg "SC issues notice to Centre on Plea by All India Bank Officers Confederation challenging Fringe Benefit Tax Provisions [Read Petition]")