Read the detailed analysis of Kolkata ITAT’s ruling allowing deduction under Section 80M of the Income Tax Act for dividends distributed by Purnasons Pvt Ltd vs ITO.
Bombay High Court scrutinizes Section 83, MGST Act, emphasizing stringent conditions for provisional property attachment by GST Authorities.
Hindustan Distributors Vs Commissioner of Customs case analysis. CESTAT Chandigarh quashes redemption fine and penalty on prime pre-painted steel coils.
Delhi High Court verdict on Commissioner of Income Tax vs Bank of Tokyo-Mitsubishi UFJ Ltd. states that interest received by Indian Permanent Establishment on deposits maintained with Head Office/Overseas Branch is not taxable in India.
Explore Ace Manufacturing Systems Ltd vs State of U.P. case. Learn why Allahabad HC rules no penalty under Customs Act for Over Dimensional Cargo arriving earlier. Full text judgment included.
In the case of DCIT vs. Paranjapee Schemes Construction Ltd., ITAT Mumbai rules no disallowance under Section 14A of the Income Tax Act is warranted for investments not yielding tax-free income.
Madras High Court grants refund on exported services provided by Vuram Technology Solutions Pvt. Ltd. to its foreign subsidiary, clarifying legal requirements under IGST Act.
Delhi High Courts ruling in PCIT Vs. Pavitra Realcon Pvt. Ltd. highlights that undisclosed income assessment cant be based solely on statements made during a search.
Royalty and other charges are not includible in assessable value if Payment of royalty and other charges not for imported goods and not a condition of sale of goods
ITAT Ahmedabad allows appeal by Sunpack Barrier Films Pvt Ltd against additional tax demand due to delay in filing Form No. 10-IC, condoned per CBDT Circular No. 19/2023.
