Judgement

Court holds that HR Sheets are taxable and not covered by exemption for HR Coils; restores levy by applying Constitution Bench precedent

Tata Steel Loses Tax Battle: HC Declares HR Sheets a Separate Taxable Commodity

The ITAT ruled that the submission of lenders' PAN by the assessee was sufficient to discharge the onus under section 68 of the Income Tax Act.

Lender's PAN Submission by Assessee Sufficient to Discharge Onus: ITAT Quashes PCIT's Revisionary Order

Court holds that warranty and AMC replacements involved consideration; failure to dispute factual findings before Tribunal proved fatal to assessee

Allahabad HC: Free Warranty Replacements Taxable When Consideration Exists; Telco’s Revisions Dismissed

News

Parliament’s Winter Session began with protests in Lok Sabha as the government introduced major GST, excise and health-security cess bills.

Winter Session of Parliament Begins Today, Lok Sabha Introduces Major GST, Excise and Health Security Bills

Assessment held invalid as AO finalised capital gains without DVO valuation despite statutory mandate; Rectification under Section 154 also struck down

ITAT Quashes Assessment Passed Without Awaiting DVO Report: Section 50C(2) Safeguards Reaffirmed

The ITAT Mumbai, partly allowed an appeal related to disallowances made by the tax authorities

ITAT Partially Allows Appeal in TDS Matter, Restricts Motor Car Expenses and Depreciation Disallowance to 10%

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