![Rajasthan HC upholds ITAT Decision Deleting Addition Made on Capital Gain from Share Sale, Dismisses Income Tax Depts Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/Rajasthan-High-Court-ITAT-Decision-Capital-Gain-Share-Sale-Income-Tax-Dept-Appeal-taxscan.jpg "Rajasthan HC upholds ITAT Decision Deleting Addition Made on Capital Gain from Share Sale, Dismisses Income Tax Depts Appeal [Read Order]")
Rajasthan HC upholds ITAT Decision Deleting Addition Made on Capital Gain from Share Sale, Dismisses Income Tax Dept's Appeal [Read Order]
The Rajasthan High Court, while dismissing the appeal filed by the Income Tax Department under Section 260A of the Income Tax Act, 1961 challenging...
![AO cannot Draw Adverse Inference on Non response of Directors to Notices: Calcutta HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/AO-Draw-Adverse-Inference-Non-response-Directors-Notices-Calcutta-HC-taxscan.jpg "AO cannot Draw Adverse Inference on Non response of Directors to Notices: Calcutta HC [Read Order]")
[BREAKING] Supreme Court refuses to decide Revenue/Capital Nature of Carbon Credit Receipts as not raised by Department in Jindal Steel & Power Case [Read Order]
The Apex Court has refused to give a verdict on the issue whether Carbon Credit is a revenue or capital receipt as not pressed by the department in a batch of Income tax appeals against Jindal Steel...
Gujarat HC allows Concessional Tax Benefit as Form No.10-IC Couldn’t Uploaded on ITBA Portal Due to Technical Glitches [Read Order]
In a recent case, the Gujarat High Court upheld the allowance of concessional tax benefit by the Income Tax Appellate Tribunal(ITAT) as Form No.10-IC couldn’t uploaded on the ITBA portal due to...
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]")