Direct Tax
Black Money Act: Tax Clearance Certificate Mandatory to Fly Abroad
The Union Finance Minister Nirmala Sitharaman has recently proposed an amendment in the Income Tax Act to include Black Money Act, 2015 for Obtaining...
Delhi High Court Directs Income Tax Department To Process Application For Exemption Made By NOIDA
The Delhi High Court has directed the income tax dept. to process application for exemption made by New Okhla Industrial Development Authority (NOIDA).
The court...
Relief To Axis Bank: Discount On ESOPs Is Allowable As Deduction: ITAT
In a major relief to Axis Bank, the Income Tax Appellate Tribunal (ITAT) Ahmedabad bench has ruled that the ESOP scheme under consideration was...
Imparting Education Through Virtual Mode Or By Adoption Of New Technologies Qualifies Income Tax Exemption: Delhi High Court
The Delhi High Court ruled that imparting education through virtual mode or by adoption of new technologies qualifies Income Tax Exemption.
The court noted that...
No Income Tax Payable On Tamil Nadu Advocates welfare Fund: ITAT
The Income Tax Appellate Tribunal Chennai, ruled that no income tax payable on Tamil Nadu Advocates welfare fund.
The tribunal noted that the Tamil Nadu...
Bandwidth Services Provided Outside India Not Taxable As ‘Royalty’: Delhi High Court
The Delhi High Court ruled that the bandwidth services provided outside India are not taxable as royalty.
The court opined that the legal position in...
Whether ‘Royalty’ Is A ‘Tax’; Supreme Court Directs The Matter To Be Before Appropriate Bench
The Supreme Court has presided over the controversy of whether 'Royalty’ Is A ‘Tax’ or not.
The court concluded that royalty is in the nature...