The Supreme Court of India directs tax disputes related to electricity generation to State High Courts, granting the Union of India the liberty to expedite resolutions.
DCIT vs. Dhani Services Ltd.: ITAT Mumbai upholds the deletion of disallowance under Section 14A of the Income Tax Act, along with ESOP expenditure.
DDIT vs. Linklaters (ITAT Mumbai): In cases where certain income qualifies for deduction, interest under Section 234B of the Income Tax Act is not applicable.
CESTAT Bangalore’s ruling on Gelatin Mass Waste generated during manufacturing, addressing the demand for CENVAT credit reversal and its sustainability.
Explore the Delhi High Court’s view on whether the IBC 2016 Code supersedes Income Tax Act 1961 when inconsistencies arise. Detailed analysis and insights.
Discover the importance of taking timely action and the consequences of procrastination. Explore the history and principles of the Law of Limitation Act, rooted in public policy for the general welfare of society.
Explore the new rules and provisions of the Information Technology Act 2021, covering social media, OTT platforms, digital news, and key sections of the IT Act. Understand the impact on digital governance and cybersecurity.
Dive into the intricacies of the Statement of Financial Transaction (SFT) in India. Learn about reportable transactions, entities filing statements, and consequences of non-compliance. Explore the significance of SFT in pre-filing income returns, the registration process, and reporting obligations for financial institutions under the Income Tax Act. Stay informed to navigate the regulatory landscape and ensure compliance.
Payments made as part of a settlement agreement regarding relinquishment of partnership interests are capital expenditures ITAT Pune in ITO Vs Sarsan Developers
In Completed/Unabated Assessments, AO Cannot Make Additions in Absence of Incriminating Material Found during Section 132 or 132A Search
