Licensing of software products of Microsoft in Territory of India is not taxable in India: Supreme Court Dismisses SLP
The Supreme Court dismissed the Special Leave Petition ( SLP ) arose out of impugned final judgment and order passed by the High Court. The court...
There cannot be Contradictory Course of Action as Revenue needs to be Consistent: Bombay HC rules Commission Payments Allowable as Business Expenditure [Read Order]
The Bombay High Court ruled that commission payments are allowable as business expenditure and commented that “There cannot be contradictory course of action as Revenue needs to be consistent”. ...
![There cannot be Contradictory Course of Action as Revenue needs to be Consistent: Bombay HC rules Commission Payments Allowable as Business Expenditure [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Contradictory-Course-Action-Revenue-Consistent-Bombay-HC-Commission-Payments-Business-Expenditure-TAXSCAN.jpeg "There cannot be Contradictory Course of Action as Revenue needs to be Consistent: Bombay HC rules Commission Payments Allowable as Business Expenditure [Read Order]")
Undisclosed Income Taxed in a Flagship Company cannot be Taxed again when applied as Share Capital in Another Company: Delhi HC [Read Order]
In a recent judgment, the Delhi High Court noted that the undisclosed income in question, which is the matter of the current dispute, has already been subjected to taxation in the accounts of the...
![Undisclosed Income Taxed in a Flagship Company cannot be Taxed again when applied as Share Capital in Another Company: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Undisclosed-Income-Taxed-Flagship-Company-Taxed-applied-Share-Capital-Company-Delhi-HC-TAXSCAN.jpg "Undisclosed Income Taxed in a Flagship Company cannot be Taxed again when applied as Share Capital in Another Company: Delhi HC [Read Order]")
Delhi HC warns Income Tax Dept on Delay in Filing Appeal u/s 260 (A) of Income Tax Act and commented to Avoid 'Snail Pace' Work Style even in 'Click of Mouse' Age [Read Order]
The Delhi High Court in a recent case warned the Income Tax Department on delay in filing an appeal under section 260 A of the Income Tax Act, 1961 and directed them to avoid snail pace work...
![Delhi HC warns Income Tax Dept on Delay in Filing Appeal u/s 260 (A) of Income Tax Act and commented to Avoid Snail Pace Work Style even in Click of Mouse Age [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Delhi-HC-Income-Tax-Dept-on-Delay-in-Filing-Appeal-Income-Tax-Act-Income-Tax-Snail-Pace-Work-Style-even-in-Click-of-Mouse-Age-taxscan.jpg "Delhi HC warns Income Tax Dept on Delay in Filing Appeal u/s 260 (A) of Income Tax Act and commented to Avoid Snail Pace Work Style even in Click of Mouse Age [Read Order]")
![No Evidence to prove Assessee as Distribution Company: Calcutta HC upholds ITATs Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Evidence-Distribution-Company-Company-Calcutta-High-Court-Taxscan.jpg "No Evidence to prove Assessee as Distribution Company: Calcutta HC upholds ITATs Order [Read Order]")
Borrowed Funds not utilized for making Investments: Calcutta HC quashes proceedings against Century Enka [Read Order]
The Calcutta High Court quashed proceedings against Century Enka Limited on the ground that borrowed funds were not utilized for making investments. The appeal was filed by the revenue under...
![Borrowed Funds not utilized for making Investments: Calcutta HC quashes proceedings against Century Enka [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Borrowed-Funds-Investments-Calcutta-High-Court-Century-Enka-Taxscan.jpg "Borrowed Funds not utilized for making Investments: Calcutta HC quashes proceedings against Century Enka [Read Order]")
No Incriminating Material found during Search: Madhya Pradesh HC Upholds Order Deleting Addition [Read Order]
The Madhya Pradesh High Court upholds the order of Income Tax Appellate Authority (ITAT) upon the deletion of addition when there is no incriminating material found during the search. The appeal...
![No Incriminating Material found during Search: Madhya Pradesh HC Upholds Order Deleting Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/No-Incriminating-Material-Search-Madhya-Pradesh-High-Court-Deleting-Addition-Addition-Taxscan.jpg "No Incriminating Material found during Search: Madhya Pradesh HC Upholds Order Deleting Addition [Read Order]")
![Advisory Services not amount to FTS as per Indo-US Treaty, Not Taxable: Calcutta HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Advisory-Services-FTS-Indo-US-Treaty-Taxable-Calcutta-HC-TAXSCAN.jpg "Advisory Services not amount to FTS as per Indo-US Treaty, Not Taxable: Calcutta HC [Read Order]")