ITAT Mumbai allowed ESOP deduction under Section 37, holding that ESOP discount is not a contingent liability and directing deletion of the disallowance.
Prosecution had proved beyond reasonable doubt the demand and acceptance of illegal gratification, recovery of tainted money, and unlawful transmission of confidential recruitment examination papers. The inconsistencies highlighted by the defence were inconsequential and did not affect the substratum of the prosecution case.
E-rickshaw components imported without the electric motor and battery could not be treated as complete E-rickshaws in CKD condition under Rule 2(a) of the General Rules for Interpretation, as they lack the essential character of the finished vehicle.
ITAT Mumbai quashed reassessment for approval under Section 151(ii) by the wrong authority and deleted penalties under Sections 270A and 271AAC.
ITAT Mumbai held aircraft lease rentals not taxable in India under Article 8 of the India-Ireland DTAA and found no PE in India.
ITAT Mumbai held aircraft lease income and delayed lease payment charges not taxable in India under Article 8 of the India-Ireland DTAA.
Calcutta HC appointed a sole arbitrator under Section 11(6), leaving arbitrability, limitation, admissibility of claims, and related issues for the arbitral tribunal.
Gauhati HC held that a DRC-01 summary cannot replace a Section 73(1) SCN, quashed the Order-in-Original, and permitted fresh proceedings with limitation exclusion.
Calcutta HC refused to quash an FIR alleging forgery and criminal conspiracy, holding that prima facie cognizable offences required investigation and territorial jurisdiction objections could not defeat the probe.
ITAT Delhi held foreign exchange gain is operating income under TNMM, remanded TP adjustment, and allowed interest deduction under Section 57(iii).
