Explore the detailed analysis of the Delhi High Court judgment in ACIT Vs Ojjus Medicare Pvt. Ltd. regarding assessment proceedings under Section 153C of the Income Tax Act.
Sunil Pran Sikand Vs ACIT (Bombay High Court) In the recent case of Sunil Pran Sikand Vs ACIT before the Bombay High Court, a crucial question arose regarding the tax treatment of income derived from subsequent development grants. This case sheds light on the intricate balance between categorizing such income as long-term capital gains or […]
Royal Drinks Pvt Ltd Vs ITO (ITAT Nagpur) Interest liability incurred against delayed discharge of statutory liability/MVAT is entitled for deduction u/s 37(1) without subjecting it to disallowance u/s 43B(a)
Addition for excessive shortage not sustainable if trading account of assessee are accepted to be correct and complete and AO Cannot make addition of profit under Section 41(2) on assumptions and presumptions
Read the full text of the judgment/order by Allahabad High Court regarding levy of late fees/interest where errors by bank/GSTN don’t involve the assessee.
In a landmark ruling, the Supreme Court imposes Rs 5 lakh cost on the Union Govt for filing frivolous petitions, cautioning against future abuses of legal process.
Explore the Bombay High Court’s ruling on the refund issue in Grace Associates Vs Union of India case. Detailed analysis and implications discussed.
Madras High Court remands GST assessment order challenged on grounds of lack of communication. Detailed analysis of the case and conditions for remand.
Supreme Court dismisses appeal filed by CIT (International Taxation) against Bharti Airtel Limited due to delay in filing. Court finds explanation regarding delay insufficient.
Learn about the Supreme Court’s rejection of review petitions by the Commissioner of Income Tax, reducing tax liability of foreign software sellers to 2% equalisation levy from the 10%-15% royalty tax.
