Since the assessments were completed in the case of assesee and there was no incriminating material found during the search in the case of the assessee, the additions made under Section 153A were unsustainable.
Supreme Court ruled on how deductions under Section 80-IA and 80-HHC are to be calculated, clarifying impact of Section 80-IA(9) and rejecting a retrospective application.
ITAT Mumbai recently ruled on the taxability of enhanced compensation received under interim court orders, clarifying Section 45(5)(b) of Income Tax Act.
Geecee Ventures Limited Vs DCIT (ITAT Mumbai) Income Tax Appellate Tribunal (ITAT) Mumbai, in the case of Geecee Ventures Limited Vs. DCIT, has delivered a significant ruling on two key areas of income tax law: the allowance of deduction under Section 80-IA and the computation of disallowance under Section 14A. The decision, pronounced on May […]
Explore role of mens rea in GST evasion under Indian law. Learn about judicial interpretations, global comparisons, and challenges in enforcing tax liability.
SEBI invites public comments on a draft circular updating FAQs for Research Analysts (RAs), covering regulatory compliance, trading limits, and disclosure requirements.
