Visakhapatnam bench, has dismissed an appeal by the Revenue against an order that deleted an addition of ₹2.85 crores to the ...

This clear pronouncement from the Delhi High Court, classifying donations received towards the corpus of the trust as ...

In a significant ruling, the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Allahabad, has held that service ...

Periodically review your portfolio and rebalance as required.

The case involved Tapas Kumar Das, the assessee, whose income tax return for AY 2017-18 was selected for scrutiny under the ...

Reiterating its own stance in M/s Vacmet India Ltd., where it was held that stock transfer between units within the state, in the absence of a provision making such transfers taxable, does not attract ...

Income Tax Appellate Tribunal (ITAT), Ahmedabad bench, has sent a tax appeal back to the Assessing Officer for a fresh assessment, despite the taxpayer’s failure to respond to multiple notices during ...

The Income Tax Appellate Tribunal (ITAT), Kolkata bench, has allowed appeals filed by Bagla Agro Limited for the assessment years (AY) 2019-20 and 2021-22, deleting an addition made by the Assessing ...

Applying the principle laid down by the Supreme Court in the CEAT Ltd. case, the ITAT concluded that the conditions precedent for reopening the assessment beyond the four-year period were not met. The ...

CIT(A)] after identifying a significant factual error in the first appellate authority’s order. The CIT(A) had mistakenly treated the private limited company as a cooperative society, applying ...

17. In L.R. Sharma (supra), the Hon’ble Delhi High Court has referred the judgment of the Hon’ble Gujarat High Court in Siddhi Vinayak Syntex Pvt. Ltd. v. Union of India reported in 2017 (352) E.L.T.

Similarly, operating contract expenses of Rs. 3,33,01,861 were disallowed by the AO under Section 40 (a) (i) on the grounds that the assessee had not withheld tax on payments made to non-residents.