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Delhi HC Clarifies Tax Treatment of Voluntary ESOP-Related Payments: Disinvestment Compensation Not Salary Perquisite under S. 17
Court ruling redefines tax norms for ESOP payouts, marking a significant shift in handling voluntary compensations.
Jun 10, 20244 min read
NCLAT Validates Ex-Post Facto Approval in Liquidator’s S. 7 Applications Under S. 33 of the IBC
Landmark NCLAT decision affirms key procedural mandates for liquidators, safeguarding creditor rights.
Jun 10, 20243 min read
Himachal Pradesh HC Upholds Assessee's Choice of Valuation Method and Clarifies Non-Applicability of Section 56(2)(viib)
HC rules on taxpayer discretion in share valuation, affirming the non-applicability of s. 56(2)(viib) for equity conversion.
Jun 10, 20244 min read
ITAT: Royalty Payments In Consonance with RBI Guidelines Exempt from TP Adjustments
ITAT affirms proper ALP analysis shields royalty payments from undue tax adjustments.
Jun 9, 20243 min read
Accused Under PMLA Can Travel Abroad Without Restrictions If the Nature of His Profession Requires International Travel
Bombay HC ruling supports work-related global travel for PMLA cases, balancing legal oversight with career needs.
Jun 8, 20242 min read
CBIC Invites Stakeholders’ Feedback on the Draft Central Excise Bill 2024
Explore how CBIC’s draft bill redefines excise duties, aiming for a streamlined system and modern compliance. Feedback deadline: 26.06.2024
Jun 8, 20246 min read
Mechanical Addition of Murder Charges to Dowry Death Incidents Illegal: Allahabad HC
Allahabad HC rules that s. 302 of the IPC cannot mechanically replace s. 304B of the IPC in dowry death cases without proper evidence.
Jun 8, 20244 min read
IBC Prevails: ITAT Upholds IBC Over Income Tax Act in Liquidation Cases
ITAT rules IBC over ITA during liquidation, ensuring procedural fairness.
Jun 8, 20243 min read
Allahabad HC Refuses Bail to Udhaw Singh in Money Laundering Case
AHC denies Udhaw Singh bail, finding prima facie proof of money laundering despite his claims.
Jun 8, 20243 min read
Appellate Tribunal SAFEMA Affirmed Penalties under FERA Despite Acquittal in the Prosecution Case: Held No Right to Cross-Examination in Quasi-Judicial Proceedings
SAFEMA upholds FERA penalties, denying witness cross-examination despite prior acquittal.
Jun 8, 20243 min read
Delhi High Court Grants Immunity, Quashes S. 270A Penalty Notices for Vague Allegations
DHC ruling clarifies tax penalties, enhancing fairness in assessing under-reported incomes.
Jun 8, 20244 min read
Revenue v. Notional: ITAT Upholds ESOP Expenses as Business Deductions under Section 37(1) of the IT Act
ITAT confirms: ESOP costs are legit tax deductions, backing robust documentation and legal precedents.
Jun 8, 20243 min read