ITAT Delhi ruled on Section 14A disallowance and its impact on MAT under Section 115JB in ACIT vs. Vireet Investment Pvt. Ltd. Key case details and outcome.
ITAT Mumbai dismissed the Revenue’s appeal in DCIT Vs. Welspun Steel Ltd., ruling that Section 14A disallowance cannot exceed exempt income. Read case details.
Explore key court rulings on reassessment under Section 148 post-2021 amendments, covering procedural changes, taxpayer rights, and revenue interests.
Madras HC mandates strict adherence to animal welfare laws for cattle transport, ensuring health, safety, and humane treatment during transit.
Learn how tax harvesting helps offset capital gains tax by selling loss-making investments. Optimize your tax savings and maintain a balanced investment portfolio.
ITAT Delhi held that advertisement and distribution revenue earned by Discovery Asia Inc. is taxable as per Mutual Agreement Resolution (MAP) as decided by competent authority of India & USA. Accordingly, appeal allowed partially.
Calcutta HC upholds ITAT ruling, stating AO exceeded jurisdiction in Weilburger Coatings case by assessing beyond limited scrutiny scope. Appeal dismissed.
ITAT Delhi deleted penalties under Section 271(1)(b) for Balram Kumar Mahendra & Prem Mahendra, citing non-receipt of notices as a reasonable cause. Read details.
With fiscal prudence in focus, will the RBI cut rates or use other tools? As global economies adjust, all eyes are on India’s monetary policy.
ITAT Mumbai ruled on Neville J Pereira vs. ITO, addressing Section 54 exemption for multiple residential flats. Analysis of capital gains and judicial precedents.
