ITAT Mumbai follows Hexaware Technologies ruling, quashing reassessment for Purohit Food Products due to invalid notice beyond legal limit.
Delhi HC rules Krones’ Indian subsidiary is not a Dependent Agent PE, dismissing the tax authority’s appeal.
SEBI’s new insider trading regulations for mutual funds, effective Nov 1, 2024, impose stricter compliance and reporting requirements for AMCs to prevent insider trading.
Delhi HC rejected plea against BCI Chairman Manan Kumar Mishra’s election to Rajya Sabha, citing lack of merit and imposed a Rs 25,000 fine on petitioner.
Delhi HC ruled that forex loss directly linked to trading items cannot be treated as non-operating loss, dismissing the appeal in Samsung India case.
ITAT Hyderabad rules that delayed filing of Form 10/10B is not fatal to claiming Section 11 exemption, as long as form is available before processing under Section 143(1). Appeal allowed.
Allahabad High Court rules Poker and Rummy as skill-based games, not gambling. Orders authorities to reconsider denial of gaming unit license and review the law before making decisions.
ITAT Delhi directs the Assessing Officer to delete the addition made in the case of Puneet Utreja. The Tribunal ruled that the explanation on Term Deposit maturity and redemption was adequate.
Delhi HC dismisses writ petition against NBFC under SARFAESI Act. Petitioner advised to approach DRT for resolution. Fraud allegations under investigation.
ITAT Delhi remands case to CIT(A) for ex-parte decision on unexplained cash credits, ignoring adjournment request filed via email. Case set for de-novo hearing.
