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Bombay High Court Upholds Section 10B Benefit and Section 14A Relief for EOU
Bombay High Court dismisses Revenue appeals, upholding Section 10B benefits for a 100% EOU and sustaining the deletion of Rule 8D disallowance.
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Gujarat High Court Protects SEZ Pre-Ordinance Lease from Stamp Duty
Gujarat HC rules that a 2003 SEZ lease is protected from stamp duty and registration fees under the 2002 policy promises. Read the legal analysis.
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Delhi High Court Sets Aside Section 148A(d) Order For Ignoring Assessee Reply
Delhi High Court invalidates a Section 148A(d) income tax order because the assessing officer failed to review the submitted reply, violating natural justice.
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FEMA NDI Third Amendment Rules 2026: Foreign Individual Investment Liberalised
Discover the FEMA NDI Third Amendment Rules 2026, widening foreign individual investments while strengthening ownership and border safeguards.
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Custom Duty Authority in Mumbai Classifies Nuts and Declines Areca Ruling
Learn about the latest custom duty classifications for roasted pistachios, almonds, and cashews by the authority in Mumbai.
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CAAR Delhi Declines Advance Ruling on Roasted Areca Nuts Classification
CAAR Delhi rejects Golden Enterprises' advance ruling application regarding roasted areca nuts, citing prior Madras High Court rulings.
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Legal Update on Jaiprakash Associates Limited NCLT Resolution Plan and Consumer Complaints
Explore the latest legal updates regarding Jaiprakash Associates Limited and Jaiprakash Infratech Limited resolution plans approved by the NCLT and NCLAT.
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Supreme Court Rules Partner Rights in Unsold Firm Assets Last Until Settlement
Supreme Court holds that partner shares in unliquidated partnership assets cannot be frozen at dissolution value, protecting rights until settlement.
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Delhi ITAT Rules Penny Stock Label Insufficient for Section 68 Addition Without Evidence
Delhi ITAT deletes ₹27.83 lakh LTCG addition, ruling that merely labeling a share as a penny stock is not enough without specific price rigging evidence.
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Rent Paid for Subletting Income is Deductible Under Section 57: ITAT Delhi Ruling
ITAT Delhi rules that rent, repairs, and caretaker expenses paid to earn subletting income are deductible under Section 57 of the Income Tax Act.