ITAT Deletes Notional Interest Addition on Interest-Free Loans to Subsidiaries and Remands Ad-hoc Capitalization of Installation Expenses

ITAT Deletes Notional Interest Addition on Interest-Free Loans to Subsidiaries and Remands Ad-hoc Capitalization of Installation Expenses The Income Tax […]

ITAT Quashes Assessment for Invalid Section 143(2) Notice; Grants Multiple Reliefs to Assessee

ITAT Quashes Assessment for Invalid Section 143(2) Notice; Grants Multiple Reliefs to Assessee The assessee, ABC India Limited, filed its […]

ITAT Curbs Rs 1.47 Cr Addition to Rs 10 Lakh, Rejects 115BBE Applicability to Avoid Double Taxation

ITAT Curbs Rs 1.47 Cr Addition to Rs 10 Lakh, Rejects 115BBE Applicability to Avoid Double Taxation ITAT Delhi held […]

No Penalty Under Section 74 After Voluntary ITC Reversal due to non-existent supplier, says High Court

GST: No Penalty Under Section 74 After Voluntary ITC Reversal due to non-existent supplier, says High Court The dispute began […]

Capital Gains from Spouse Gifted Property Taxable Only in Transferor’s Hands

Income Tax: Capital Gains from Spouse Gifted Property Taxable Only in Transferor’s Hands The assessee filed her return of income […]

High Court Quashes Reassessment Notice Based on Same Bank Deposits Already Examined Earlier

High Court Quashes Reassessment Notice Based on Same Bank Deposits Already Examined Earlier M/s. Sanjay Kumar Bijay Kumar, a partnership […]