Gujarat HC ruled that rental income from a property held as stock-in-trade by a construction business is business income, not income from house property.
ITAT Kolkata held that filing of Form No. 67 is directory and no mandatory and the credit for foreign taxes cannot be denied for mere delay in filing the Form No. 67. Accordingly, appeal of the assessee allowed.
Bombay High Court reversed Reliance Securities Ltd.’s appeal dismissal, ruling a 4-day delay was due to late order communication. Case restored for merits.
Allahabad High Court invalidates GST order for lacking survey report, hearing, and notice of judgment pronouncement, upholding natural justice.
The Telangana High Court has ruled that a Muslim wife has an absolute right to divorce through Khula, without requiring her husband’s consent. This decision upholds the validity of Khula divorce issued by religious bodies, clarifying that the husband’s agreement is not a prerequisite.
Germany’s Blue Card visa attracts skilled foreign workers, including IT professionals and academics. This permit offers a pathway to qualified employment, outlining requirements, benefits, and the application process.
Mumbai ITAT rules against taxing notional rent on unsold flats held as builder’s stock-in-trade, preferring the Gujarat High Court view over Delhi.
Ministry of Corporate Affairs drafts an amendment to extend Section 186 relaxations to Finance Companies registered with IFSCA, aligning them with NBFCs. Submit comments by July 17, 2025.
ITAT Kolkata rules in favor of Joy Consolidated, deleting Rs. 2.7 Cr cash credit, citing sufficient evidence for share and loan transactions.
ITAT Delhi remands Orange Business Services India’s transfer pricing case, ordering separate benchmarking for IT and ITES segments based on consistency and directing the use of the headcount method for expense allocation.
