Mumbai ITAT rules on ITO vs. Nikhil Vinod Aggarwal, invalidating assessment reopening without proper sanction and deleting "on-money" addition due to lack of ...

The Madras High Court upheld that software expenses, including license fees, for Danfoss Industries Pvt. Ltd. are revenue expenditures, not capital, citing no enduring ...

Karnataka High Court allows CGI Information Systems to claim Section 10A deduction, deduct software fees, and claim foreign ...

Gujarat High Court sets aside Section 148 notice against AIM Fincon Pvt. Ltd., ruling it a mere change of opinion on already disclosed ...

ITAT Chandigarh held that addition on the basis of loose paper without any corroborative material is not sustainable in law. Accordingly, addition is directed to be deleted and appeal is ...

Learn to effectively handle faceless income tax scrutiny assessments. This guide covers notice receipt, timely response ...

Understand NRI tax filing in India for FY 2024-25, including residential status, taxable income (NRO interest, rent, capital gains), TDS refunds, DTAA, and filing ...

Understand Indian income tax implications for non-resident shareholders on foreign company share buybacks. Learn about ...

Understand the importance of correct formats for Section 143(2) scrutiny notices. Learn how non-compliance impacts tax ...

SC rules that nominees under Section 109A of the Companies Act do not gain absolute ownership of shares, preserving legal ...

ITAT Ahmedabad deletes arbitrary disallowances under Section 40A(2)(b), emphasizing AO's burden to prove excessiveness in related party ...

ITAT Mumbai quashes reassessment notices for Rising Star Investment for AY 2017-18, citing jurisdictional defects and lack of proper sanction. Also deletes Section 56(2)(viia) addition based on DVO ...