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Understanding Minimum Alternate Tax MAT for Companies Calculation and Credit
Learn how the Minimum Alternate Tax MAT works for companies, including calculation methods and credit availability under Indian tax regulations.
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ITAT Pune Deletes Notice Default Penalty Under Section 272A(1)(d)
ITAT Pune sets aside a Rs 20,000 penalty under section 272A(1)(d) after accepting reasonable cause for failing to comply with section 142(1) notices.
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ITAT Kolkata Rules in Favor of Taxpayer on Pass-Through AE Purchases
ITAT Kolkata deletes a significant transfer pricing adjustment after determining the associated enterprise acted strictly as a pass-through entity.
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ITAT Mumbai Rules Section 92CA Reference Must Identify Specific Transaction
ITAT Mumbai rules that a Section 92CA reference must identify a transaction and the Transfer Pricing Officer cannot determine a Permanent Establishment.
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ITAT Jaipur Rules in Favor of 15 Percent Tax Rate After Form 10-ID Correction
ITAT Jaipur grants the 15 percent tax rate under section 115BAB after a timely filed Form 10-ID error was corrected.
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ITAT Mumbai Rules SaaS Subscription Fees Are Not Royalty Under Section 91vi
ITAT Mumbai rules that SaaS subscription payments do not qualify as royalties under Section 9(1)(vi) or the India-Ireland tax treaty in the absence of a PE.
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Understanding Delay Condonation in Insurance Appeals: A Legal Overview
Explore the legal principles surrounding the condonation of delay in insurance appeals under Section 5 of the Limitation Act through a recent case study.
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ITAT Chandigarh Rules Spelling Errors Do Not Invalidate Eucalyptus Tree Sales
ITAT Chandigarh deletes a 21.81 lakh tax addition, ruling that invoice spelling mistakes and missing details do not prove a eucalyptus sale is bogus.
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ITAT Bangalore Rules Subsequent Section 143(1) Intimation Void After Scrutiny Notice
ITAT Bangalore rules that issuing a later Section 143(1) intimation is void once a Section 143(2) scrutiny assessment has already commenced.
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ITAT Chandigarh Rules Survey Surrender Is Business Income Free From 60% Section 115BBE Tax Rate
ITAT Chandigarh decides that excess cash and stock from surveys qualify as business income, blocking retrospective application of the 60% Section 115BBE rate.