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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
ITAT Upholds Eligibility of CSR Donations for Tax Deductions under S. 80G of the Income-tax Act
ITAT rules CSR donations qualify for tax relief under Section 80G, affirming procedural fairness and legislative intent.
Jun 6, 20244 min read
Exemptions v. Deductions: Underlying Philosophy in Tax Laws
Exemptions exclude certain incomes from tax; deductions reduce taxable income. Explore their roles, benefits, and impacts in tax law.
May 23, 20249 min read
Significance of 'Fees for Included Services' in Indo-USA DTAA
Explore how 'Fees for Included Services' shape cross-border tax rules in our latest legal insight on the Indo-USA DTAA.
May 20, 20242 min read
Discrepancy Between Reasons in Notice Under S. 148A(b) and Order Under S. 148A(d) Renders Notice Ineffective and Mere Formality
HC upholds the need for consistent tax notice reasons to ensure fair taxpayer response.
May 18, 20243 min read
Coordinated Investigation and Administrative Convenience: Delhi High Court Upholds Centralization of Cases
Delhi HC upholds centralization of tax cases, highlighting the importance of coordinated investigation and administrative convenience.
May 18, 20244 min read
Delhi High Court Orders Re-evaluation of Tax Dispute, Stresses AO's Duty to Assess on Merits
Delhi HC asserts AO must weigh merits, not just enforce 20% tax pre-deposits.
May 16, 20242 min read
Bombay High Court Clarifies FAO's Authority Over S. 148 Notice Issuance and Tax Escapement Cases
Explore how the BHC shapes tax law, enhancing fairness in tax reassessment and deduction validity.
May 13, 20248 min read
[ITAT] Revenue from Software Licensing Fees and Annual Maintenance Contracts Not Taxable in India Due to Absence of Permanent Establishment
ITAT rules in favor of Openwave Mobility Inc., finding software licensing fees and maintenance contracts non-taxable in India without a PE.
May 13, 20244 min read
MP High Court Clarifies Applicability of S. 14A Amendment
The MP High Court decisively ruled on the non-retroactive application of s.14A of the Act, safeguarding taxpayer rights from past liability.
May 11, 20243 min read
[ITAT – Mumbai] Penalty Under S. 271(1)(c) of ITA for Income Concealment Deleted as the Assessee Had Explained Reasons for Advancing Interest-Free Loan to Its Associated Enterprises
ITAT Mumbai clears penalty for Air Works, affirming bona fide interest-free loans to AE.
May 9, 20243 min read
Payments Made to Non-Resident Entities Not Taxable in India as Royalty
ITAT rules interconnect charges are not royalties under the Income-tax Act, a key decision for non-resident firms.
May 9, 20243 min read
Addendum Acting Retrospectively May Be Valid if it Clarifies The Relationship between the Parties – ITAT Delhi
ITAT Delhi validates retrospective addendum, ensuring consistent contractual intents are upheld in transfer pricing cases.
Apr 18, 20243 min read
Decisive Interpretation of Bank Guarantees and Letters of Comfort in Transfer Pricing Cases by Income Tax Appellate Tribunal
Explore ITAT’s pivotal ruling on Axis Bank vs. ACIT, clarifying tax laws on ESOP, NPAs, and transfer pricing adjustments.
Apr 16, 20245 min read
Assessee's Choice Prevails: Delhi High Court Upholds Right to Select Valuation Method
Delhi HC rules: Assessing officers can't override the valuation method chosen by assesses, reinforcing taxpayers' rights.
Apr 12, 20242 min read
Ensuring Jurisdictional Compliance: Bombay High Court's Decision on NRI Tax Assessments
HC clarifies tax jurisdiction, safeguarding NRI taxpayer rights against improper AO assessments.
Apr 11, 20242 min read
95.5% Utilization Validates Warranty Estimates: Supreme Court Refuses to Interfere with Karnataka HC’s Ruling
SC upholds Karnataka HC’s ruling:95.5% utilization confirms warranty provisions. A landmark decision for transparency in financial reporting
Apr 6, 20244 min read
[ITAT Delhi] Deletion of Addition Made by AO Due to Lack of Material Evidence and Reliance on Retracted Statements
ITAT Delhi: Addition by AO deleted due to lack of evidence and reliance on retracted statements, upholding Assessee’s rights.
Apr 6, 20244 min read
Income Tax Appellate Tribunal, Mumbai Rules Subscription Fees as Non-Taxable Business Profits for Assessee Without Permanent Establishment in India
Introduction In a significant decision, the Income Tax Appellate Tribunal (‘ ITAT ’), Mumbai in the case of American Chemical Society v....
Apr 4, 20244 min read
ITAT Rules Management Services Not Taxable as 'Royalty' under India-Netherlands DTAA
Management services aren't taxable as 'royalty': India-Netherlands DTAA-ITAT. Discover why a significant ruling overturned a tax assessment.
Apr 2, 20242 min read