Higher Profits Alone Cannot Invoke Section 80-IA(10) to Restrict Section 10B Deduction: Bombay HC
Bombay HC quashed the restriction of Section 10B deduction, holding that Section 80-IA(10) requires findings of an arrangement producing more than ordinary profits.
Madras HC Quashes Section 276CC Prosecution Where Tax Payable Was Nil
ITAT Panaji Allows Section 80P(2)(d) Deduction on Interest From Co-Operative Bank Deposits
ITAT Delhi Quashes Assessment for Invalid Section 143(2) Notice by Incompetent Authority
Madras HC Quashes Non-Speaking Order Rejecting Stay Under Section 220(6)
Gujarat HC Upholds Section 153C Notices as Seized Gold Related to Assessee
Delay Cannot Defeat Genuine TDS Refund Claim: Gujarat HC
Gujarat HC Condones Delay in Form 10B Filing Due to CA’s Illness
Bombay HC Quashes Final Assessment for Failure to Issue Draft Order Under Section 144C
Karnataka HC Permits Withdrawal of GST Writ After GSTAT Becomes Functional
GST Registration Cancellation Due to Consultant’s Lapse: Telangana HC Allows Revocation
Personal Hearing Mandatory Before Adverse GST Order: MP HC Sets Aside Assessment
Section 74 Notice Without Reasons or RUDs Invalid: Chhattisgarh HC Quashes GST Recovery
Article 227 Interference Limited to Jurisdictional Errors in Arbitration Appeals: SC
IBBI Cancels Insolvency Professional Registration Over CIRP Compliance and Due Diligence Lapses
BIS 2.0: How India is Leveraging Standards to Drive Trust, Technology & Global Competitiveness
SC Orders Tech Crackdown on Uninsured Vehicles, Uniform Insurance Framework
CESTAT Allows Customs Refund, Says Missing Challan No Ground to Reject Claim
CESTAT Sets Aside Customs Demand as Extended Limitation Not Invocable in Classification Dispute
Madras HC: Choosing Writ Over Custom Appeal Not Sufficient Cause for Delay
Aluminium Formwork Classifiable Under CTH 76109010, CESTAT Kolkata Allows Exemption
ITAT Bangalore Remands Section 69A Addition for Verification of Liquor Business Receipts
ITAT sets aside Section 69A addition and remands the matter after finding bank records indicated cash deposits were linked to liquor business operations.
Stockist/Dealer Discounts Are Not Commission Under Section 194H: ITAT Mumbai
ITAT dismisses Revenue's appeal, following earlier years' decisions that stockist discounts and delayed payment interest did not attract TDS liability.
Trade Discounts to Dealers Not Liable for TDS Under Section 194H: ITAT Mumbai
Bajaj Auto Limited Vs DCIT (ITAT Mumbai) The Income Tax Appellate Tribunal (ITAT), Mumbai, considered the assessee’s appeal against the order of the Commissioner…
CA Vijayakumar Shetty qualified in 1994 and in practice since then. Founding partner of Shetty &…
Adv Akruti Goyal, a practicing CA handling GST compliance from 2015-2021. Qualified as a lawyer in…
