Delhi High Court held that passing of penalty order after the lapse of six months from the end of the month in which the ...

Copyright is an inherent right: Under Section 17 of the Copyright Act, 1957, the author of a literary work is the first owner ...

ITAT Hyderabad condoned delay of nearly a decade in filing of an appeal since tax liability was fastened on the assessee ...

CESTAT Chennai held that denial of refund claim related to cenvat credit of service tax under RCM by invoking provisions of ...

CESTAT Chandigarh held that interest on refund not eligible if the assessment is finalized within three months as prescribed ...

Goods not liable for seizure and penalty thereof when designated route not taken during transportation ...

ITAT Mumbai held that GST/service tax which is collected by the assessee from its customers and paid to the Government do not form part of the receipts for computation of income as per section 44BB of ...

“Rule 230 (8) All interests or other earnings against Grants in aid or advances (other than reimbursement) released to any Grantee institution should be mandatorily remitted to the Consolidated Fund ...

ITAT Ahmedabad held that rejection of books of accounts without pointing out any discrepancy and defects in the same is unjustified. Thus, act of AO rejecting the books of accounts is set aside.

In a partnership, compensation for the partners’ time, expertise, and capital investment is an important part of the business structure. However, the ...

ITAT Ahmedabad held that Rule 2BBB of the Income Tax Rules, 1962 was introduced only from AY 2015-16 and the same is not applicable for AY 2014-15. Thus denial of exemption u/s. 10 (23C) (iiiab) of ...

ITAT Bangalore held that disallowance under section 36 (1) (iii) of the Income Tax Act unwarranted as no new advance extended to sister concern. Accordingly, disallowance u/s. 36 (1) (iii) deleted.