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- Apr 6
- 4 min
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
- 4 min
[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
- 2 min
Bombay High Court Rejects Attempt to Stall Reassessment Over Seized Documents
Bombay HC fines petitioner for misuse of judicial process in tax reassessment case involving seized documents.
- Apr 4
- 4 min
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. Dy...
- Apr 3
- 3 min
Bombay High Court Overturns Unfair CGST Penalty on Salaried Employee
Bombay High Court vindicates employee in CGST penalty case, spotlighting the need for precise tax law enforcement.
- Apr 2
- 2 min
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 1
- 2 min
Madras High Court Overrides S. 80 of the CGST/TNGST Act: Allows Payment of Self-assessed GST Liability in Instalments
Introduction In a pivotal decision by the Madras High Court (‘MHC’) in Angel Label Division & Angel Zippel (HUF) v. Assistant...