Direct Tax
Delhi High Court Rules On Maintainability Of Cross-Objections In Second Appeal
The Delhi High Court while ruling in respect of maintainability of cross-objections in second appeal under Section 260A of the Income Tax Act held...
UPS Is Integral Part Of Computer, 60% Depreciation Allowable: ITAT
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that UPS is an integral part of the computer and is entitled to...
This CBDT Circular Bars Tax Dept. From Exploiting Ignorance Of Taxpayers
The CBDT Circular No. 14 (XL-35) dated 11/04/1955 bars the income tax department from exploiting ignorance of taxpayers.As the circular the department must not...
ITAT Quashes Income Tax Addition Based On ‘Dumb Documents’
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has quashed the income tax addition based on ‘dumb documents’.The bench of Satbeer Singh Godara...
INCOME TAX APPEALS | CIT(A) Corrects Action Of CPC By Allowing S. 87A Rebate On Special Rate Incomes
The Commissioner of Income Tax (Appeals) while correcting the action of the Central Processing Unit (CPC) held that Section 87A rebates on special rate...
Two-Tier Satisfaction Of AO Must For Reassessment: Delhi High Court
The Delhi High Court has clarified that requirement for Two-Tier Satisfaction of the Assessing officer of both the searched and non-searched entity for initiating...
Here’s Why ITAT Quashes Income Tax Revision Against OYO
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has quashed the revision under Section 263 of the Income Tax Act, 1961 on the...
S. 80IC Income Tax Deduction Allowable Even Without Agreement With Govt: Delhi High Court
The Delhi High Court has held that the deduction under Section 80IC of the Income Tax Act is allowable even without agreement with the...