Bombay High Court Quashes IT Department’s Communication On BCCI’s Tax Exemption Status The Bombay High Court on Tuesday set aside a communication issued by the Income Tax (IT) Department concerning...
Supreme Court Stays Further Tax Recovery From NewsClick Pending ITAT Appeal The Supreme Court has granted a stay on any further recovery of income tax under two disputed demand notices issued to...
Payments Made To Overseas Company For Services Utilized Abroad Exempt From TDS Under Section 195: Delhi ITAT The Income Tax Appellate Tribunal (ITAT) New Delhi ruled that a taxpayer company is not...
Delhi High Court Allows Provisions For Unsettled Claims And IBNR Under Section 37 Of Income Tax Act The Delhi High Court, affirming the ITAT's ruling, upheld the decision to allow deductions under...
Bombay High Court Upholds Tata Steel's Classification Of Rs. 212.52 Crore CAF Contribution As Revenue Expenditure The Bombay High Court has ruled in favour of Tata Steel, affirming its right to...
Kolkata ITAT Grants Benefits To Primary Agricultural Credit Societies Under Section 80P(2)(i) Of The IT Act The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) has ruled that primary...
ITAT: Manual Cash Book Entries Deemed Non-Incriminating Material For Section 153A IT Act The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has ruled that the manual cash book includes...
Calcutta High Court Rules In Favour Of JSW Paints: Use Of 'Silk' As Paint Finish Not Infringement Of Berger's Trademark Calcutta High Court has affirmed a ruling by a single bench stating that the...
AO Failed to Verify Genuineness and Creditworthiness of Transactions: Delhi High Court The Delhi High Court bench, comprising Justices Yashwant Varma and Purushaindra Kumar Kaurav, concluded that the...
Delhi High Court Mandates ITAT to Rectify Manifest Errors on Record by Recalling Orders under Section 254 It Act The Delhi High Court dismissed the appeal filed by the Revenue, citing an 86-day delay...
Interest on Borrowed Funds for Shares in Appellant’s Companies Ineligible for Deduction: Bombay High Court The Bombay High Court has ruled that interest paid on borrowed funds for investing in shares...
Delhi High Court Disapproves Arbitrary 'Pick-And-Choose' Method for Rejecting Entries in Books of Account The Delhi High Court has ruled that rejecting entries from accounting books using...
