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Section 14A Disallowance Restricted to Dividend Yielding Investments ITAT Kolkata
ITAT Kolkata grants major relief on Section 14A disallowance, restricting Rule 8D calculations solely to dividend-yielding investments.
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ITAT Patna Remands Rs 84.92 Crore GST Deduction Claim for Fresh Assessment
ITAT Patna directs a fresh assessment for a Rs 84.92 crore GST expense disallowance, ordering a detailed review of accounting records.
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ITAT Kolkata Quashes DCIT Reassessment Over Pecuniary Jurisdiction
ITAT Kolkata sets aside a tax reassessment notice due to violations of CBDT pecuniary jurisdiction rules regarding DCIT authority.
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Agra ITAT Quashes Section 263 Revision on Rs 12.50 Crore Bogus Purchases
Agra ITAT quashes Section 263 revision regarding Rs 12.50 crore purchases for AY 2019-20 and remands a loan dispute for AY 2022-23.
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ITAT Agra Rules in Favor of SBI Regarding Foreign LFC TDS Demands
Discover how ITAT Agra deleted State Bank of India TDS demands on foreign leave fare concessions under binding Madras High Court protection.
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Delhi High Court Upholds Section 68 Addition for Unproved Loan Creditworthiness
Delhi High Court sustains a ₹7 lakh addition under Section 68 after the assessee failed to establish the financial capacity of lenders.
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Delhi High Court Upholds Retention of GST Refund During Fraud Probe
Learn why the Delhi High Court supported withholding a 3.15 crore GST refund under Section 54(11) amid an active anti-evasion fraud investigation.
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ITAT Delhi Rules Live Cricket Broadcasting Fees Are Not Royalty Under India-UK DTAA
ITAT Delhi rules that live cricket broadcasting fees do not constitute royalty under the India-UK DTAA and IPL player release fees are non-taxable.
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Delhi High Court Questions Tax Authorities Over Multiple PAN Cards Issued to Single Individual
Delhi High Court directs the Income Tax Department to produce original records after a taxpayer disputes holding two PAN cards.
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Gujarat High Court Rules Against Reassessment of Income Already Taxed in Amalgamated Company
Gujarat HC quashes Section 148 notice, ruling that income of 1.40 crore already assessed in an amalgamated company cannot face reassessment.