For income to be taxable under FTS, there must be a direct enablement or transfer of skills or knowledge, which mere advisory or consultancy services might not fulfill unless such services are directly connected with a PE.
ITAT Mumbai rules on DCIT vs Gem and Jewellery Export Promotion Council case, clarifying exhibition activities are not trade and commerce under Section 2(15) of the IT Act.
Gujarat High Court dismisses Revenue’s appeal in CIT Vs Joshi Technologies, allowing additional depreciation on oil wells u/s 32(1)(iia) of Income Tax Act.
Despite submitting replies in February 2024, the petitioner was unable to participate in the personal hearing due to the closure of their shop caused by metro rail construction in the vicinity. This inability to attend the hearing led to the rejection of their reply as they did not provide the necessary profit and loss account and stock details.
Read the detailed analysis of Coonoor Sri Thanthi Mariamman Kerala Seva Sangam vs Assessment Unit judgment by Madras High Court. Learn why the court overturned the assessment order due to a breach of natural justice.
Read Madras High Court’s judgment granting 45 days to obtain bank statements for tax case under Black Money & Income Tax Act.
Gujarat High Court abates customs tax appeals in Commissioner Of Customs (Preventive) Vs General Foods Ltd., citing IBC Sections 31 and 32A. Learn more about the case.
CESTAT Kolkata ruled on Emami Paper Mills Ltd vs Commissioner of Customs, addressing issues of PSIA certificates, penal liabilities, and re-examination of goods.
Understand the CESTAT Mumbai order on absence of speaking order under Section 17(5) of Customs Act. Detailed analysis, implications, and conclusion.
ITAT Cuttack rules replacement of gear boxes in Surface Furnace Kiln as current repairs under Section 31(1) for Sponge Tata Iron Ltd. Read the full judgment analysis.
