Income Tax Deduction Allowable On Expenditure Incurred On Brokerage Recovery From Builder: ITAT
The Mumbai Bench of Income Tax appellate Tribunal (ITAT) has held that income tax deduction is allowable on expenditure incurred on brokerage recovery from...
AO Failed To Investigate Instances Of Funds Misappropriation; ITAT Upholds Revision Challenging Income Tax Exemption
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) has upheld the revision challenging income tax exemption on the grounds that the Assessing Officer...
Bombay High Court Quashes ADG-DGGI Unreasoned Attachment Order
The Bombay High Court, Nagpur Bench has quashed the Attachment Orders passed by the Commissioner/ADG-DGGI, being bereft of any reason for forming an opinion.
The...
Mandatory Condition Of Prima Facie Anti-Competitive Agreements, Abuse Of Dominant Position Absent, CCI Can’t Direct Investigation: Gauhati High Court
The Gauhati High Court has held that the decision of the Competition Commission of India (CCI) in directing investigation without fulfilment of mandatory pre-condition...
Jharkhand High Court Allows Anticipatory Bail To Beneficiary Of GST ITC Arising From Fake Firm
The Jharkhand High Court has granted anticipatory bail to the beneficiary of Input Tax Credit (ITC) under Goods and Service Tax (GST) arising from...
Identity, Creditworthiness, Genuineness Of Transaction By Shareholder Proved; ITAT Deletes Income Tax Addition
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that the assessees have filed the document to prove the identity, creditworthiness and...
DTAA Benefit Can’t Be Denied Without Finding Assessee’s Residence: Delhi ITAT
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that the benefit of Double Taxation Avoidance Agreement (DTAA) cannot be denied without...
Penalty/Late Delivery Charges Not Subjected To Service Tax: CESTAT
The Delhi Bench of Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has held that penalty/late delivery charges cannot be subjected to Service Tax.
The...