Judgement

HC settles the Rule 41D controversy, holding that furnace oil used in manufacturing is subject to a mandatory 6% set-off reduction for branch transfers

Bombay HC Ends 22-Year Debate: Borosil Denied Full Set-Off on Furnace Oil Under Rule 41D

Bombay HC Ends 22-Year Debate: Borosil Denied Sale Tax Set-Off on Furnace Oil

HC set aside the denial of Yamaha’s NCCD rebate on exported goods, holding that key issues were ignored, and directed a fresh decision on the 3.26 crore claim.

Bombay HC Sends Yamaha’s Rs. 3.26 Crore NCCD Refund Claim Back for Fresh Decision

Bombay HC Remands Yamaha’s Rs. 3.26 Crore NCCD Rebate Claim for Fresh Review

The Bombay High Court set aside CBDT’s refusal and condoned a 5-month delay in filing a loss return, holding that genuine hardship and reliance on professional advice justified relief under Section 119(2)(b).

Bombay High Court Condones 5-Month Delay in Filing Loss ITR; CBDT’s Rejection Set Aside

ITAT Delhi grants relief to FIL India Business and Research Services Pvt. Ltd by removing an invalid comparable and deleting PF disallowance.

ITAT Rules in Favour of FIL India on Transfer Pricing and PF Contribution Issues

Articles

Here is the new TDS rates, sections, and threshold limits applicable from Financial Year 2025-26

Updated TDS Rates and Provisions for FY 2025-26: Everything You Need to Know

Exemption under Industrial Policy cannot override statutory conditions of Central Sales Tax Act; non-filing of C-Forms fatal to claim

High Court: Submission of C Forms Mandatory for Tax Exemption Under Industrial Policy

One Stop Solution For CA CS CWA Direct Indirect Tax GST Business News

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