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ITAT Mumbai Upholds 0.5% Corporate Guarantee Fee and Permits ESOP Deductions
Discover how the ITAT Mumbai ruling on corporate guarantee fees and ESOP deductions impacts tax disputes and transfer pricing for businesses.
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Ahmedabad ITAT Rules Only 8% Profit on Unaccounted Sales is Taxable
In a notable tax jurisprudence development, the Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) has ruled that only the profit element of unaccounted sales is subject to taxation,…
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Ahmedabad ITAT Allows ₹602 Crore Pfizer Settlement as Business Expenditure
Discover why the Ahmedabad ITAT allowed Pfizer to claim a 602 crore rupee patent settlement as a tax-deductible business expense.
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Bangalore ITAT Rules in Favor of Unregistered Educational Trust Regarding Loss Set-Off
In a notable tax jurisprudence development, the Bangalore bench of the Income Tax Appellate Tribunal (ITAT) delivered a favorable verdict regarding the tax computation for an unregistered educational trust. According…
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ITC Benefit Must Be Passed Through Price Reduction, Not Free Construction: GSTAT
In a recent ruling, the Goods and Services Tax Appellate Tribunal (GSTAT) clarified that businesses must pass on Input Tax Credit (ITC) benefits through direct price reductions rather than offering…
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Global Overhead Charges Not Taxable as Fees for Included Services: Mumbai ITAT
In a notable tax jurisprudence development, the Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has ruled that global overhead charges do not qualify as Fees for Included Services…
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CESTAT Allows CENVAT Credit on Housekeeping, Construction, Courier and Insurance Services
In a significant legal development for corporate taxpayers, the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) recently delivered a comprehensive ruling regarding CENVAT credit eligibility. According to official reports,…