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HCL Infosystems secures major tax relief as CESTAT cancels the Rs 22.85-crore tax demand, along with interest and penalty.

HCL Infosystems Gets Major Tax Relief as CESTAT Cancels Rs 22.85-Crore Demand

HCL Infosystems faces a fresh legal challenge as the GST Department moves the Allahabad High Court against CESTAT’s order quashing a Rs 312.34 crore CENVAT credit demand.

GST Department Challenges CESTAT Order Quashing Rs 312.34 Crore Demand Against HCL Infosystems

Judgement

ITAT Bangalore holds bonus shares need not automatically assume stock-in-trade character for taxation purposes.

ITAT Bangalore Allows Exempt LTCG on Sale of Infosys Bonus Shares

Infosys Limited is expected to receive approximately Rs 1,745 crore in refunds, including interest, while the company is currently evaluating the impact on its financial statements.

Infosys Limited Set to Receive Rs 1,745 Crore Tax Refund from Income Tax Department

ITAT Bangalore holds that solar power generated exclusively for a holding company, despite CSR origins, lacks public benefit and is not eligible for Section 12AB or 80G registration.

ITAT Denies Section 12AB Registration to Infosys Green Forum Solar Project Entity

The ITAT holds that CSR-driven environmental activities do not qualify as charitable purpose under the Income-tax Act where the dominant and exclusive benefit accrues to the promoter company, despite incidental environmental benefits.

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HCL Infosystems Gets Major Tax Relief as CESTAT Cancels Rs 22.85-Crore Demand

GST Department Challenges CESTAT Order Quashing Rs 312.34 Crore Demand Against HCL Infosystems

ITAT Bangalore Allows Exempt LTCG on Sale of Infosys Bonus Shares

Infosys Limited Set to Receive Rs 1,745 Crore Tax Refund from Income Tax Department

ITAT Denies Section 12AB Registration to Infosys Green Forum Solar Project Entity

ITAT Denies 12AB & 80G to Infosys Green Forum: CSR Is Not Charity, Even If It Incidentally Saves the Environment