Judgement

The ITAT Delhi held that a delayed filing of Form 67 is only a procedural lapse and cannot be the sole ground for denying Foreign Tax Credit under the DTAA.

Delay in Filing Form 67 Cannot Deny Foreign Tax Credit Under DTAA, Holds ITAT 

Articles

Learn the key capital gains tax exemptions available under the Income Tax Act to legally reduce your tax liability on the sale of property and other long-term capital assets.

Selling a Property or Asset? Know These Capital Gains Tax Exemptions

Learn how preliminary expenses are taxed under Section 35D of the Income Tax Act, including eligibility, deduction limits, and compliance requirements.

Taxation of Preliminary Expenses Under the Income Tax Act: Complete Guide to Section 35D

Learn how Joint Development Agreements (JDA) are taxed under the Income Tax Act, including capital gains computation, Section 45(5A), and TDS under Section 194-IC.

Taxation of Joint Development Agreements (JDA): Everything Landowners Need to Know

The ITAT Delhi holds that a final assessment order passed without implementing DRP directions is void in law. 


ITAT Holds AO Cannot Ignore DRP Directions and Cure Defect Through Corrigendum

The ITAT Pune holds that interest earned by a credit co-operative society on statutory deposits maintained with co-operative banks qualifies for deduction under Sections 80P(2)(a)(i) and 80P(2)(d). 


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Delay in Filing Form 67 Cannot Deny Foreign Tax Credit Under DTAA, Holds ITAT

Selling a Property or Asset? Know These Capital Gains Tax Exemptions

Taxation of Preliminary Expenses Under the Income Tax Act: Complete Guide to Section 35D

Taxation of Joint Development Agreements (JDA): Everything Landowners Need to Know

ITAT Holds AO Cannot Ignore DRP Directions and Cure Defect Through Corrigendum

ITAT Holds Interest on Statutory Deposits with Co-operative Banks is Eligible for Deduction under Section 80P