DTAA prevents double taxation on international income, promoting global trade. Learn how it benefits taxpayers, methods of elimination, and India’s agreements.
ITAT Ahmedabad held that the AO must record a proper satisfaction regarding the incorrectness of the assessee’s claim before invoking Rule 8D u/s. 14A. Thus, in absence of such satisfaction, disallowance u/s. 14A of the Income Tax Act unsustainable.
ITAT Ahmedabad held that passing of ex-parte order by CIT(A) without adjudicating issues on merits, such order is not sustainable in the eyes of law keeping in view provisions of Section 250(6) of the Income Tax Act.
Allahabad HC asserts that Section 498A IPC is often misused against entire families to exert pressure. Employment prospects shouldn’t be denied based on such allegations, says the court.
The Orissa High Court ruled that voter ID alone is not reliable for determining age in insurance claims, directing LIC to reassess and disburse the petitioner’s claim within a week.
ITAT Kolkata held that additions u/s. 153A of the Income Tax Act could only be made on the basis of seized material found during the course of search. Thus, making additions in regular assessment without any incriminating material relating to said addition not justified.
