Payments for sports sponsorship that grant global trademark usage can be split as royalty. Courts upheld withholding where trademark rights were substantive, not incidental.
The Supreme Court held that non-compete payments facilitating efficient business operations are deductible under section 37(1) when no capital asset or profit-making structure is created.
Interest under Section 234B cannot be levied on Section 115BBE-assessed income for resident senior citizens exempt from advance tax, as per ITAT and CBDT guidance.
Delhi High Court in VRG Electronics v. PCIT reaffirms a liberal approach to condoning ITR filing delays under Section 119(2)(b). Court ruled that an accountant’s negligence can constitute genuine hardship.
The Bombay High Court set aside an order denying tax exemption to People’s Mobile Hospitals, a charitable trust, for a delay of 84 days in filing Form 10B. The court ruled that the delay was procedural and not a willful default, emphasizing a “justice-oriented” approach in such cases.
The ITAT Kolkata ruled that an employee is entitled to full TDS credit even if their employer failed to deposit the tax. The ruling emphasizes that the remedy lies against the employer.
The ITAT Delhi has directed the tax department to apply the 22% concessional tax rate to Kworks Technologies, citing a procedural lapse in late filing of a tax form.
Delhi High Court rules CAM charges are contractual payments under Section 194C, not rent under Section 194I, clarifying TDS obligations for businesses.
Allahabad High Court rules Section 131(1A) notices are invalid if issued after a Section 132 income tax search. Judgment clarifies pre-search vs. post-search investigative powers, protecting taxpayer safeguards.
ITAT Mumbai orders DVO reference in Fakhruddin T. Malik case, ruling AO erred by not valuing disputed property despite assessee’s request.
