Direct Tax
Rates Charged By SEB For Supply Of Power Is An Appropriate External CUP For Determining Market Value Of Electricity: Delhi High Court
The Delhi High Court has held that the rates charged by the State Electricity Board (SEB) for supply of power to the Assessee was...
ITAT Allows Section 10(38) Exemption On Sale Of Share, Quashes Reassessment
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) while quashing the reassessment, allowed the exemption under Section 10(38) of the Income Tax Act...
CBDT Issues Clarification On Direct Tax Vivad Se Vishwas Scheme 2024
The Central Board of Indirect Taxes and Customs (CBDT) has issued the clarification Direct Tax Vivad Se Vishwas Scheme 2024.While implementing the Direct Tax...
Bombay High Court Dismisses Plea Challenging Constitutional Validity Of Explanations 1 and 4 Of Section 17(2) Of Income Tax Act By Banks Officers
The Bombay High Court has dismissed the plea challenging constitutional validity of Explanations 1 and 4 Of Section 17(2) Of Income Tax Act by...
Direct Tax Weekly Flashback: 12 To 18 January 2025
Direct Tax Weekly Flashback for the period 12 to 18 January 2025.Delhi High Court Collection Of Market Information Doesn’t Qualifying Benchmarks Of PE, Seconded Employees...
Material Gathered In Previous Years Can’t Be The Basis Of Reassessment For Upcoming Years: Delhi High Court
The Delhi High Court has held that the material gathered in previous years cannot be the basis of reassessment for upcoming years.The bench of...
TPO Framed Order In The Name Of Non-Existent Entity ‘Cairn’ Instead Of Vedanta, Error Not Curable: Delhi High Court
The Delhi High Court Delhi High Court has held that the error committed by the Transfer Pricing Officer (TPO) in the name of non-existent...
Income Tax Commissioner Can Exercise Revisional Jurisdiction: Kerala High Court Dismisses Cochin International Airport’s Appeal
The Kerala High Court while dismissing the appeal filed by the Cochin International Airport Ltd. held that the Income Tax Commissioner can exercise revisional...