ITAT Delhi rules in favor of Schenker India, allowing CSR donations under Section 80G despite mandatory nature. Read key takeaways from the case.
PCIT Vs Greenply Industries Ltd (Gauhati High Court) The Gauhati High Court’s recent judgment in “The Principal Commissioner of Income Tax v. M/s GreenPly Industries Ltd.” provides valuable clarification on the characterization and resultant tax treatment of excise duty exemptions. The court’s decision, delivered on March 4, 2025, addresses two crucial questions: whether excise duty […]
Bombay High Court rules on tax evasion by Buniyad Chemicals, addressing unexplained credits, money laundering, and regulatory actions. Key legal insights.
Gujarat HC orders 6% interest on delayed tax refunds under DTVSV Act, citing principles of natural justice. Refund delays due to account validation issues resolved.
Supreme Court’s decision in Om Prakash and Another v. Union of India {WRIT PETITION (CRL.) NO.66 OF 2011} established that offences under the Customs Act were non-cognizable and bailable, requiring a warrant for arrest. This ruling emphasized the need for judicial oversight in the arrest process.
Delhi High Court examines Nokia Network OY’s Permanent Establishment (PE) status in India, addressing taxation on software revenue, interest income & vendor financing.
CIT International Tax- 1 Vs Expeditors International of Washington INC (Delhi High Court); ITA 202/2022; Dated: 13/02/2025 In a significant ruling delivered on February 13, 2025, the Delhi High Court dismissed a series of appeals by the Commissioner of Income Tax (International Tax) against Expeditors International of Washington Inc., clarifying the scope of “Fees for […]
Zoho Corporation’s attempt to deduct foreign taxes as business expenses under Section 37 of the Income Tax Act was rejected by the ITAT Chennai. The tribunal upheld the disallowance, citing Section 40(a)(ii) and emphasizing the distinction between foreign tax credit under Section 90/91 and business expense deductions. This ruling clarifies the limitations on claiming foreign tax deductions and reinforces the interpretation of relevant tax provisions.
SC ruled private entities performing public functions fall under High Court and SC writ jurisdiction, but private banks like Muthoot Finance aren’t public duty entities.
Delhi High Court reviewed the disallowance of ₹7.77 crore royalty expense in AY 2016-17, addressing revenue recognition and matching concepts in income tax appeals.
