Madras High Court held that lease rent received from letting out property in industrial park is chargeable to tax under the head ‘Income from Business’ and not under the head ‘Income from house property’.
ITAT Delhi held that the onus is always on the assessee to substantiate with evidence to the satisfaction of the AO regarding the identity and credit worthiness of the loan creditor and genuineness of the transaction. Matter restored to verify transaction for addition u/s. 68.
GeM announces reduced transaction fees, benefiting sellers with orders over ₹10 crore paying a flat fee of ₹3 lakh, effective from August 2024.
Join our webinar on TDS amendments from Budget 2024 and learn their impact on tax audits, filing procedures, and compliance.
Learn why the Reserve Bank of India cancels FFMC licenses, including poor record-keeping, rate manipulation, and legal violations.
Delhi High Court clarifies taxability of profits attributed to a Permanent Establishment (PE) under the India-UAE DTAA, even when global losses are incurred.
Learn why tax compliance is essential for Indian startups and small businesses. Avoid penalties, gain investor trust, enhance reputation, and access government benefits.
Tata Sons challenges incorrect interest calculation on refunds under Section 244A. ITAT Mumbai directs reassessment of refund and interest for AY 1993-94.
Delhi High Court addresses Ericsson’s challenge to CCI jurisdiction over Standard Essential Patents (SEPs) and royalty claims under the Competition Act.
