Judgement

ITAT allows depreciation on 3G spectrum, deletes distributor discount disallowance, partly allows customer acquisition cost, and treats pre-operating expenses as revenue in nature.

ITAT: Telecom Expenses Decided in Cross-Appeals; Tribunal Favors Depreciation on Spectrum

Articles

The Central Board of Direct Taxes (CBDT) has now reduced the ITR verification due date to 30 days from the date of filing.

Don't Miss Out! E-Verify Your ITR Within 30 Days

HC quashes reassessment, holding reopening for AY 2018-19 invalid as it was based on transactions from an earlier assessment year and lacked new, credible evidence.

Gujarat HC Quashes Reassessment: Deposits Pertaining to Earlier AY Cannot Justify Reopening

Tribunal holds that Section 87A rebate applies when total income does not exceed Rs. 5 lakh; no statutory exclusion for long-term capital gains for AY 2024-25

ITAT Allows Rebate of Rs. 12,500 u/s 87A Despite Inclusion of Long-Term Capital Gains

AAR held that Cake Gel manufactured by the applicant is classifiable as “food preparations not elsewhere specified or included” and is liable to GST at 18%.

AAR Karnataka: Classification of Cake Gel under GST held as Food Preparation 

ITAT deletes addition treating management fee as FTS under India-Singapore DTAA since “make available” condition not satisfied; interest u/s 234A deleted

ITAT: Management Fee not Taxable as FTS under India-Singapore DTAA

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