The Customs, Excise, and Service Tax Appellate Tribunal (CESTAT), Bangalore Bench, has allowed appeals filed by Nokia India Sales Pvt. Ltd., overturning lower authorities’ decisions and clearing the ...

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 ...

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

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 ...

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.

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

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

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.

The NCLAT observed that permitting the financial creditor to change the date of default at that stage effectively nullified the corporate debtor’s pending application, which specifically disputed the ...

Bombay High Court held that as per the terms and conditions of the agreement, the assessee was required to pay 5% of the receipt of the assessee and not on 5% of the gross advertising bills.

These appeals under Section 260A of the Income Tax Act, 1961 (hereinafter referred to as ‘the Act’ for short) are preferred by the assessee. I.T.A.No.6/2011 was admitted by a bench of this Court by an ...

Periodically review your portfolio and rebalance as required.