Direct Tax
Addition Made Purely On Employees’ Statement Not Sustainable: ITAT Deletes Income Tax Addition Of Rs. 1.68 Crores
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench has upheld the deletion of the income tax addition of Rs. 1.68 Crores which was made...
Mere Omission To Give Correct Information Is Not Suppression Of Facts Unless It Was Deliberate To Stop Payment Of Duty: Chhattisgarh High Court
The Chhattisgarh High Court has held that mere omission to give correct information is not suppression of facts unless it was deliberate to stop...
ITAT Upholds Assessee’s Claim Within The Period Of 3 Years From The Sale Of Land
The Income Tax Appellate Tribunal, Ahmedabad upheld the Assessee's claim within the Period of 3 years from the sale of land.
The bench observed that...
Notice Initiating Assessment Proceedings In The Name Of Deceased Assessee Is Void Ab-Initio: ITAT
The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench held that notice issued initiating assessment proceedings in the name of deceased assessee is void ab-initio.
The...
Impermissible For TPO To Doubt Commercial Soundness Of Expenditure That May Be Incurred: Delhi High Court
The Delhi High Court ruled that it is impermissible for Transfer Pricing Officer to doubt commercial soundness of expenditure that may be incurred.
The bench...
Whether International Transactions With Non-Korean AEs Similar To MAP Covered Korean AE: ITAT Remit Back TP Adjustment To TPO
The Income Tax Appellate Tribunal, Chennai, remitted back the Transfer Pricing adjustment to Transfer Pricing Officer while stating that whether international transactions with Non-Korean...
Temple Not In Same State As It Was Prior To Demolition Is A Matter Of Genuine Hardship: Karnataka High Court Condones Delay In Filing...
The Karnataka High Court has condoned the delay in filing the return by the petitioner, Sri. Muthu Mariayamma Devasthana Trust.
The court noted that the...
Foreign Tax Credit Claim Tallied With Computation: Madras High Court Directs Income Tax Dept. To Reconsider
The Madras High Court has directed the department to reconsider the claim of Foreign Tax Credit.
The court on examining the company tax return and...