Delhi HC directs refund of Income Tax amount exceeding 20% of the demand. Read about the Max Life Insurance case and the decision on refund for AY 2017-18
Director of Alchemist Group gets bail from Jharkhand HC. The company is accused of cheating investors on false land booking promises. Details inside.
Delhi HC grants permission to a PMLA accused to travel to Canada for his son’s university admission. The court weighs family bonds and past conduct.
Analysis of ITAT Delhi’s ruling in DCIT vs Centum Learning Ltd on debts claim, business nexus & re-adjudication. A critical look at the order dated 12.04.2019.
CESTAT Bangalore reduces redemption fine to 10% and penalty to 5% for imported used multifunction machines in absence of market value. Detailed analysis of case.
ITAT Ahmedabad deletes disallowance on leave encashment for employees in Department of Telecommunication under Section 10(10AA) of Income Tax Act. Read full order
ITAT Kolkata rules no disallowance on bonus outstanding paid before the due date of filing return, in the case of DCIT Vs Medica Hospitals Pvt Ltd. Details inside.
ITAT rules no penalty u/s 271D for exceeding cash transaction limit on loans taken through Account Payee Cheques. Read the full case of Sanjaykumar Patel.
ITAT Ahmedabad rules that Section 271D penalty doesn’t sustain if a loan is accepted through banking channels, relating to A.Ys. 2013-14 & 2016-17.
ITAT Chennai declares Section 234E late fee invalid for assessment years before 01.06.2015 in Marshal Textiles vs ACIT, aligned with HC decisions.
