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.
ITAT Ahmedabad rules against reopening of assessment for protective addition when based on assumptions, deleting the addition. Read the detailed analysis here.
CESTAT Delhi rules in favor of Honda Cars India, affirming reduced 15% penalty under Customs Act Section 28(5) if paid within 30 days of SCN receipt.
Read the detailed analysis of Delhi ITATs decision in MDLR Airline Vs DCIT case, highlighting the lack of proper approval under Section 153D of the Income-tax Act.
Duties of Customs are to be charged on the goods imported into India (section 12) and not on the goods said to have been imported into India.
ITAT Delhi rules that the accepted investment source by AO cannot be rectified under Section 154, quashing the income tax assessment order.
