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Punjab and Haryana High Court Strikes Down Section 147A on Reassessment Notices
The Punjab and Haryana High Court invalidates Section 147A and rules that jurisdictional assessing officers cannot issue Section 148 notices.
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ITAT Mumbai Rules on Section 154 Rectification for Partner Remuneration
Discover how ITAT Mumbai deleted partner remuneration disallowance made via Section 154 rectification without proper notice or reasoning.
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ITAT Mumbai Rules IBC Resolution Plan Extinguishes Unclaimed Tax Reassessment
ITAT Mumbai holds that tax reassessment and demands cannot survive if pre-CIRP tax claims were omitted from an approved resolution plan.
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ITAT Mumbai Rules on Section 12AB Renewal and Trust Irrevocability Clauses
Explore the ITAT Mumbai ruling stating that the absence of an express irrevocability clause alone cannot defeat a Section 12AB trust renewal application.
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ITAT Mumbai Rules Uncorroborated Excel Data Invalid for Income Tax Additions
ITAT Mumbai rules that uncorroborated Excel data cannot sustain tax additions, deleting major additions on presumptive loans and debtor entries.
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Gujarat High Court Rules Section 115JB MAT Inapplicable to National Dairy Development Board
Gujarat High Court dismisses Revenue appeals for AYs 2010-14, ruling that Minimum Alternate Tax under Section 115JB does not apply to the National Dairy Development Board.
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ITAT Hyderabad Rules Incorporation Date Cannot Be Replaced by Business Commencement for Section 54GB
ITAT Hyderabad denies Section 54GB tax exemption, ruling that a company must be formally incorporated within the statutory period, not just commence business.
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Supreme Court Upholds Section 10B Exemption for New EOU in Landmark Ruling
Learn how the Supreme Court dismissed the Revenue's SLP and upheld the Bombay High Court ruling allowing Section 10B exemption for a new EOU.
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Telangana High Court Quashes Income Tax Reassessment Notices Issued After March 31 2021
The Telangana High Court has ruled that Section 148 income tax reassessment notices dispatched on or after April 1 2021 are time-barred and invalid.
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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.