ITAT held that section 69 cannot be invoked where purchases are duly recorded in books and paid through banking channels, making the reassessment unsustainable.
The issue was whether satellite transmission fees constitute royalty in India. The Tribunal held that Article 12 of the DTAA governs and the receipts are not royalty. Domestic law amendments cannot override the treaty.
The article explains why select savings instruments continue to enjoy Exempt-Exempt-Exempt status and how they deliver complete tax efficiency under the old tax regime.
Explains how the IRS defines self-employment, including sole proprietors, contractors, partners, and gig workers, and clarifies who must comply with SE tax rules.
The issue was whether late fee could be levied for delayed TDS returns filed before 01.06.2015. The Tribunal held that section 234E is prospective. Late fee demands for earlier years were deleted.
Gold crossed ₹1.3 lakh per 10 grams due to global risk aversion, rupee weakness, and sustained central-bank buying. The key takeaway is that the rally reflects a structural repricing of trust, not short-term speculation.
The High Court rejected bail after holding that the slogan used by the crowd challenged the authority of law and sovereignty of India. The ruling emphasises that calls for violence fall outside constitutional protection.
The issue was whether a hydro power subsidy should reduce the cost of assets. The Tribunal held the subsidy was for project encouragement, not asset cost. Depreciation withdrawal was therefore unsustainable.
Explore the eligibility, modes, and compliance obligations under FEMA for Indian entities investing abroad, ensuring regulatory adherence and risk management.
The Revenue invoked section 115BBE based on cash found during proceedings. However, the Tribunal found the foundational approval under section 153D defective. The entire assessment was therefore quashed.
