Judgement

ITAT remanded Rs 17.33 crore additions involving land transaction reversal and cessation of liability to the AO for fresh verification.

ITAT Remands Rs 9.73 Crore Land Transaction, Rs 7.60 Crore Cessation of Liability Additions for Fresh Examination

ITAT reduces the accommodation entry commission addition from 3% to 0.15%, substantially lowering the tax liability on alleged entries worth Rs 24.73 crore.

ITAT Restricts Taxable Commission Income from Alleged Accommodation Entries to 0.15% of Total Entries

The High Court held Company must be made an accused before vicarious liability can be put on its director 


Director Cannot Be Prosecuted Alone for GST Offence Without Company as Accused

The ITAT Bangalore rules that no liability under Sections 201(1) and 201(1A) can arise where the employer refrained from deducting TDS in compliance with a High Court interim order.

SBI Cannot Be Treated as Assessee in Default for Non-Deduction of TDS on LTC Payments Made Under Court's Interim Order

Articles

Avoid common capital gains reporting mistakes in ITR filing to prevent tax notices, delayed refunds and incorrect tax liability.

Capital Gains in ITR: Common Mistakes Taxpayers Should Avoid While Filing Returns.

Capital Gains in ITR: Common Mistakes Taxpayers Should Avoid While Filing Returns

The AAAR West Bengal has examined an appeal against an advance ruling concerning GST liability on amounts received pursuant to arbitral awards and a settlement agreement.

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ITAT Remands Rs 9.73 Crore Land Transaction, Rs 7.60 Crore Cessation of Liability Additions for Fresh Examination

ITAT Restricts Taxable Commission Income from Alleged Accommodation Entries to 0.15% of Total Entries

Director Cannot Be Prosecuted Alone for GST Offence Without Company as Accused

SBI Cannot Be Treated as Assessee in Default for Non-Deduction of TDS on LTC Payments Made Under Court's Interim Order

Capital Gains in ITR: Common Mistakes Taxpayers Should Avoid While Filing Returns

AAAR Rules GST Advance Ruling Cannot Be Used to Determine Taxability of Completed Transactions Requiring Fact-Finding