Understand what qualifies as a short-term capital asset in India, including the holding periods for different assets like property and shares. Learn about special calculation rules.
Delhi ITAT rules in favor of Kohinoor Foods, setting precedents on hedging losses, stock additions, and DRP jurisdiction. A key victory for consistency in tax law.
A look into why taxpayers face interest charges under Sections 234B and 234C, exploring how Section 210, a provision for official reminders, is no longer used by the tax department.
A summary of the definition of a “company in which the public are substantially interested” per the Income Tax Act, outlining the different categories that qualify for this status.
Delhi ITAT invalidates Bajaj Group assessments for AYs 2011-2019 ruling the Section 153D approval was a mechanical omnibus sanction without due diligence.
A summary of issues with the rectification process under the Income Tax Act 2025, highlighting the disparity in timelines for taxpayers and the department.
Section 194T mandates firms and LLPs to deduct 10% TDS on payments like salary, bonus, and interest to partners, with a ₹20,000 threshold, effective April 1, 2025.
The Registrar of Companies (ROC) has fined Check Point Software Technologies India Pvt. Ltd. and a director for failing to maintain the minimum number of directors.
The ITAT Delhi has deleted a penalty imposed by the CIT(A), ruling that the CIT(A) did not have the jurisdiction to change the nature of a penalty from Section 271AAB to 271(1)(c).
The ITAT Delhi has remanded the transfer pricing case of Stryker India Pvt. Ltd., directing the exclusion of one comparable and inclusion of another, and allowing for the netting of payables and receivables.
