ITAT Pune rules that late filing of Form 67 does not bar foreign tax credit under Section 90. Read about the case of Shashank Sadashiv Karkare vs. ITO.
Finance Bill 2025 limits tax loss carry-forward under Section 72A to 8 years from the original assessment year. Learn about its impact, ambiguities, and challenges.
Managerial overconfidence can lead to risky corporate investments. Proper accountability and Board oversight are essential to mitigate impulsive financial decisions.
Learn how dividends work in the Indian stock market, including ex-dividend and record dates, types of dividends, stock price impact, and tax implications.
ITAT Ahmedabad sets aside CIT(A)’s dismissal of appeal due to non-appearance, directing fresh consideration with a proper hearing for the taxpayer.
ITAT Bangalore remits the case of Gold Palace Jewellers back to CIT(A) for fresh consideration, citing a 4-year delay and lack of proper hearing opportunities.
ITAT Pune confirms CIT’s order under Section 263, finding errors in reassessment proceedings for Gourishankar Education Society. Appeals for AYs 2013-14 & 2014-15 dismissed.
ITAT Mumbai rules in favor of B. Braun Medical India, deleting ₹2 Cr addition u/s 68, citing it as an advance payment, not unexplained credit.
ITAT Pune remands appeal for reconsideration, citing leniency for a senior citizen taxpayer’s advance tax shortfall. Case to be decided on merits.
ITAT Ahmedabad remands Hari Krushna Machintech Pvt Ltd’s appeals to CIT(A) for reassessment. Issues include ex-parte dismissal and addition for bogus purchases.
