News

ITAT : Rejects Revenue's re-characterization of Flipkart's hefty discounts as 'monopoly' building capital expense

Bangalore ITAT allows Flipkart‘s appeal against disallowance of product discounts by tax officer; Revenue had held that massive discounts provided

Apr 25,2018

SC : Rules in assessee's favour, rejects Revenue attempt to tax loan waiver u/s 41(1)/28(iv)

SC dismisses Revenue's appeals in a batch of 22 cases, upholds Bombay  High Court decision in Mahindra & Mahindra and

Apr 24,2018

SC - Big Sec. 10A win for taxpayers; 'Export turnover' exclusions are deductible from 'total turnover'

SC dismisses Revenue's appeals in a batch of over 100 cases against various High Court decisions including in HCL Technologies,

Apr 24,2018

SC : Dismisses Revenue's appeal; Sec 80IA benefit available on Inland Container Depot income

SC dismisses Revenue's appeal, upholds Delhi HC decision in Container Corporation of India; Delhi HC had allowed deduction u/s 80IA(4) 

Apr 24,2018

Taxsutra Eye Share : Angel tax relief - The points to ponder over

Taxsutra Eye Share : Angel tax relief - The points to ponder over

Apr 20,2018

CPC cautions salaried class against wrong claims, warns 'abetting' intermediaries of prosecution

Income-tax Department strictly advises salaried assessees not to fall prey to false promises or mis-advice by unscrupulous intermediaries and submit

Apr 19,2018

DIPP: Modifies definition of ‘Startup’; Prescribes eligibility criteria for claiming tax reliefs

As part of Govt.’s ‘Startup India’ initiative, the Department of Industrial Policy and Promotion (‘DIPP’) constitutes a broad based Inter-Ministerial

Apr 13,2018

Taxsutra Eyeshare: Changes in ITR forms for AY 2018-19 – Highlights

Taxsutra Eyeshare: Changes in ITR forms for AY 2018-19 – Highlights

Apr 11,2018

New ITR forms seek GST information, ITR-1 applicable only to ‘resident’ individuals

New ‘one-pager’ ITR 1 to be applicable only to ‘resident and ordinarily resident' individuals having income upto Rs. 50 lakh

Apr 06,2018

Finance Bill, 2018 receives Presidential assent

Finance Bill, 2018 receives Presidential assent on March 29th.

Mar 30,2018

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