Delhi High Court held that the computer software which are necessary and integral for the working of hardware are eligible for depreciation at the rate of 60% instead of 25%.
Kerala High Court held that order passed under section 148A(d) of the Income Tax Act without granting an opportunity of being heard as required u/s. 148A(b) makes the order unsustainable in law and hence is liable to be set aside.
Delhi High Court’s judgment in PCIT vs. Optimal Media Solutions Ltd. for AY 2009-10 clarifies that retention by advertising agencies is trade discount, not subject to TDS under section 194H.
In a recent judgment, Kerala High Court permits a Service Tax appeal subject to the mandatory deposit, ensuring compliance with legal requirements.
The Madras High Court sets aside an order rejecting the condonation of a 30-day delay in filing a tax appeal due to the assessee being abroad. Learn more.
In a recent judgment, Kerala High Court annuls an assessment order, citing the importance of considering the assesse’s reply before passing judgments.
Kerala High Court directs deposit of 20% disputed tax to suspend revenue recovery in VAT appeal. Get insights into the court’s decision in this article.
Delhi High Court grants a review petition challenging the handling of a petitioner’s document request by the Customs Commissioner. Learn more in this article.
Merely because the loan processing charges though paid upfront but amortized over a period of five years, solely to be in consonance with the mercantile system of accounting, deduction of the entire charges in lump sum in the year in which the same were paid could not be denied to assessee.
Kerala High Court held that as petitioner failed to reply to the show cause notice and failed to attend the hearing. Thus, petitioner chose not to provide any evidence in respect of his claim of input tax credit. Hence, writ not entertained.
