Amalgamated Company Can Claim Depreciation On Adjusted Written Down Value Of Assets Without Central Govt. Approval: Bombay High Court
The Bombay High Court has held that amalgamated company can claim depreciation on adjusted written down value of assets without central govt. approval under...
No Income Tax On Exchange Of Old Flats In Lieu Of Old Ones: ITAT
In a major relief to flat owners, the Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has held that no income tax is payable...
Allahabad High Court Questions Unauthorised Charges For Affidavit Swearing; Appoints Amicus Curiae To Examine Legality
The Allahabad High Court has questioned the unauthorised charges for affidavit swearing and appointed the amicus curiae to examine legality.
The bench of Justice Pankaj...
Direct Tax Weekly Flashback: 13 April to 19 April 2025
Direct Tax Weekly Flashback for the period 13 April to 19 April 2025.
ITAT
No Capital Gain Tax Payable By NRI On Mutual Fund Gains: ITAT...
Mere Loose Papers Not Admissible Evidence For Making Income Tax Addition: ITAT
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that loose papers cannot be considered as admissible evidence for making an addition...
Delhi High Court Quashes Reassessment Against Departmental Stores Selling Wine, Beer
The Delhi High Court has quashed reassessment against departmental stores selling wine and beer.
The bench of Justice Vibhu Bakhru and Justice Tushar Rao Gedela...
Telangana Implements SC Categorisation Act 2025 on Ambedkar Jayanti, Marking Milestone for Social Justice
In a landmark move aimed at fostering social equity, the Telangana has become the first state to implement the Scheduled Caste (SC) Categorisation of...
Compensation For Compulsory Acquisition Of Landed Property Is Income Under Capital Gains: Kerala High Court
The Kerala High Court has held that amount received as compensation for compulsory acquisition of landed property is income under capital gains.
The bench of...