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Oct 16,2017

SC confirms Delhi HC ruling in Ankitech Pvt. Ltd.; HC had approved Mumbai ITAT Special Bench ruling in Bhaumik Color P. Ltd.and had held that deemed dividend was not taxable in

Oct 16,2017

Mumbai ITAT treats loss suffered by assessee-company (engaged in share broking business) on sale of shares held by it as investments, as speculation loss for AY 2012-13, upholds Revenue’s invocation

Oct 14,2017

SC upholds Wealth Tax Officer’s (WTO’s) adoption of ‘land and building method’ of valuation by making reference to Departmental Valuer for determining fair market value u/s 7(1) of Cinema Building

Oct 13,2017

Chandigarh ITAT allows benefit of deduction u/s 54B against capital gains earned on sale of agricultural land ​to individual-assessee for AY 2014-15,​ holds that assessee had obtained possession of ​new ​agricultural property

Oct 13,2017

Mumbai ITAT accepts assessee's contention that income earned from running a departmental store was taxable as 'íncome from business'; Notes that assessee provided facility of collection counter of sales proceeds

Oct 12,2017

Bombay HC overrules ITAT ruling, condones delay of over 8 years by assessee in filing an appeal against the CIT(A) order before the ITAT; Based on the review of case

Oct 12,2017

ITAT order for Cairn India for AY 2011-12 deals with range of corporate tax issues such as Sec 14A disallowance in normal computation and under MAT, mandatory nature of the

Oct 12,2017

Himachal Pradesh HC upholds ITAT order, affirming CIT’s revision u/s 263 in case of Hindu Undivided Family (HUF) of Virbhadra Singh for AY 2010-11, holds that AO failed to apply

Oct 11,2017

Kolkata ITAT rules in assessee’s favour, grants deduction for employees' contribution to Provident Fund (PF) deposited after due date under PF Act, but before last date for filing income-tax return

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