Judgement

The ITAT Mumbai holds gains from outright assignment of Trademarks taxable only in Switzerland.

ITAT Holds Sale of Indian Trademark Rights by Novartis AG Not Taxable as Royalty Under India-Switzerland DTAA

News

ICAI's new guidelines restrict practising Chartered Accountants from bidding for certain exclusive professional services without prescribed minimum fees and require reasonable fee quotations and cost-sheet maintenance.

ICAI Issues New Tender Guidelines for Practising CAs to Prevent Unfair Fee Competition

The ITAT deleted Section 68 addition, holding that cash sales could not be treated as bogus without proper verification of the assessee's books and supporting documents.

ITAT Says Cash Sales Cannot Be Treated as Bogus Without Proper Enquiry, Deletes Rs 24.59 Lakh Demonetisation Addition

ITAT deleted a Rs 2.47 crore income tax addition after accepting a pharmaceutical retailer’s evidence linking the demonetisation-period cash deposits to business sales and documented savings.

ITAT Deletes Rs 2.47 Crore Unexplained Cash Deposits Addition, Accepts Pharma Retailer’s Cash Explanation

The ITAT Delhi deletes Rs 1.50 crore section 68 addition on demonetisation cash deposits of liquor retailer.

ITAT Rules Controlled Liquor Trade And Audited Sales Records Support Cash Deposits 

Former Income Tax Officer Satish Kumar Bhadani gets 5 years’ rigorous imprisonment and Rs 1.5 lakh fine in a Rs 40,000 bribery case.

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ITAT Holds Sale of Indian Trademark Rights by Novartis AG Not Taxable as Royalty Under India-Switzerland DTAA

ICAI Issues New Tender Guidelines for Practising CAs to Prevent Unfair Fee Competition

ITAT Says Cash Sales Cannot Be Treated as Bogus Without Proper Enquiry, Deletes Rs 24.59 Lakh Demonetisation Addition

ITAT Deletes Rs 2.47 Crore Unexplained Cash Deposits Addition, Accepts Pharma Retailer’s Cash Explanation

ITAT Rules Controlled Liquor Trade And Audited Sales Records Support Cash Deposits

CBI Court Sentences Former Income Tax Officer to 5 Years in Bribery Case