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- Jun 15
- 4 min
GAAR Prevails Over SAAR: Telangana High Court Reaffirms Substance Over Form in Tax Avoidance Cases
Telangana HC rules: Tax schemes must show real economic activity, not just legal formality.
- Jun 12
- 7 min
The Kerala HC Allows Relaxation in Time Limits to Claim ITC
Kerala High Court confirms extended deadline for ITC claims boosts GST compliance.
- Jun 10
- 4 min
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
- 3 min
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 9
- 2 min
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 8
- 4 min
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
- 3 min
Revenue v. Notional: ITAT Upholds ESOP Expenses as Business Deductions under S. 37(1) of the IT Act
ITAT confirms: ESOP costs are legit tax deductions, backing robust documentation and legal precedents.
- Jun 7
- 3 min
NCLAT Clarifies: Security Deposit Refunds Do Not Qualify as Operational Debt Under IBC
NCLAT ruling: Conditional security deposits can't be claimed as IBC operational debt.