Direct Tax
Delhi High Court Deletes Addition Worth Rs. 247 Crores On Account Of Disallowance Of Long Term Capital Gains Exemption
The Delhi High Court has upheld the decision of Income Tax Appellate Tribunal (ITAT) in deleting the addition worth Rs. 247 crores on account...
Interest On Funds Deposited In Short-Term Fixed Deposit Can Be Construed As Incidental To Acquisition Of Coal Mine : Delhi High Court
The Delhi High Court has held that interest on funds deposited in short-term fixed deposits can be construed as incidental to acquisition of coal...
Income Tax Weekly Flashback: 16 December 2024 to 22 December 2024
Income Tax Weekly Flashback for the period 16 December 2024 to 22 December 2024.
Table of Contents - Income Tax Weekly FlashbackDelhi High CourtDelhi High...
BREAKING | Bombay High Court Directs CBDT To Extend ITR E-Filing Deadline
The Bombay High Court has directed the Central Board of Direct Taxes (CBDT) to issue requisite notification under Section 119 of the Income Tax...
Liaison Office Of Western Union In India Doesn’t Constitute PE As Per India-US DTAA, Rules Delhi High Court
The Delhi High Court has held that the liaison office of Western Union in India does not constitute Permanent Establishment (PE) as per India-US...
Vessel Hire Charges Not Royalty Under India-Singapore DTAA: ITAT
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that vessel hire charges not royalty under India-Singapore Double Tax Avoidance Agreement (DTAA).
The...
Gain On Crypto Currency Sale Prior To AY 2022-23 Chargeable To Tax As Capital Gain : ITAT
The Jodhpur Bench of Income Tax Appellate Tribunal (ITAT) has held that the gain on sale of crypto currency (bitcoin) prior to AY 2022-23...
Appeal Has To Be Pending As On 22 July 2024 For Taxpayer To Opt For DTVSV Scheme : CBDT
The Central Board of Direct Taxes (CBDT) while issuing the guidelines stated that appeal has to be pending as on 22 july 2024 for...