Insights & Resources

Delhi HC clarifies that cash violations under Section 269ST don't void contracts; unjust enrichment cannot override contractual claims.

SC upholds HC’s ruling that s. 153C reassessments must be backed by specific incriminating material for each assessment year.

Delhi HC quashes reassessment of a non-resident entity, affirming that tax authorities must rely on specific, relevant, and timely evidence.

CBDT’s latest amendment prescribes conditions for VC Funds & IFSC Finance Companies under Sections 10(23FB) & 94B of the Income-Tax Act.

Delhi HC reinforces adherence to Delhi HC rules reassessment notices issued beyond statutory limitation invalid.

The Supreme Court rules that the MFN clause in DTAAs is not automatic and requires government notification under the Income-tax Act, 1961.

The Supreme Court rules that share capital reduction qualifies as a ‘transfer’ under tax law, impacting capital gains taxation.

The Bombay High Court quashes reassessment proceedings, highlighting that reopening assessments without fresh evidence is unlawful.

This case clarifies the interplay between LTCG exemptions under Section 10(38) and MAT computations under Section 115JB of the IT Act.

Delhi ITAT rules that digital service receipts under the India-Singapore DTAA are not ‘royalty’ or ‘FTS’, offering clarity on taxability.

Does the 120-day rule always create a Permanent Establishment? ITAT clarifies the criteria for taxation under the India-USA DTAA.

The ITAT Delhi clarifies that Section 5(2) prevails over Section 9(2) for non-resident taxation when the income source is in India.

Delhi HC upholds ITAT's ruling that reassessment under s. 150 of the Income-Tax Act is invalid without a specific 'finding or direction.'

Telangana HC rules that sworn statements under Section 132(4) hold evidentiary value unless effectively rebutted by the assessee.

Delhi High Court rules that tax settlements under the DTVSV Act are final and prohibit unauthorised reopening of concluded disputes.

SanDisk India's role in PE creation and reimbursements for seconded employees under India-USA DTAA analysed by ITAT Bangalore in key ruling.

The Delhi HC clarifies that telecom towers are movable property under GST, affirming ITC eligibility and rejecting immovability claims.

The Delhi HC quashes reassessment notices, reinforcing statutory time limits under the Income-tax Act and clarifying procedural safeguards.

ITAT rules Bitcoin gains as capital assets, taxable under capital gains, not other income, pre-A.Y. 2022-23.

Delhi High Court upholds taxpayer rights under the DTVSV Act, clarifying the autonomy to settle specific disputes without Revenue compulsion