News

Rakul Preet Singh denies any link to the Income Tax searches, calling reports false and speculative while urging media outlets to verify facts before publication.

Rakul Preet Singh Breaks Silence on Income Tax Searches, Denies Any Link to Probe and Calls Reports False And Speculative

Emcure Pharmaceuticals faces a total Rs 57.74 crore income tax penalty for FY2014-15 to FY2020-21 and is evaluating legal options to appeal the orders.

Income Tax Department Imposes Rs 57.74 Crore Penalties on Emcure Pharmaceuticals for Seven Financial Years

Judgement

The ITAT Ahmedabad follows Gujarat High Court Ruling and holds Nil ALP Determination unsustainable without proper benchmarking.

ITAT Deletes Rs. 20.17 Crore Transfer Pricing Adjustment on Intra-Group Services 

The ITAT Ahmedabad held that revenue must establish specific nexus between accommodation-entry provider and assessee’s sales transactions.


ITAT Remits Rs. 1.80 Crore Section 68 Addition for Fresh Verification of Accommodation Entries

The ITAT Ahmedabad held Herbalife Distributor’s commission to wife’s concern cannot be restricted merely by comparing with ayurvedic businesses.


ITAT Deletes Commission Disallowance Under Section 40A(2)(b) for Lack of Comparable Basis

The ITAT Ahmedabad holds Section 148 notice issued after expiry of limitation invalid and annuls reassessment.

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Rakul Preet Singh Breaks Silence on Income Tax Searches, Denies Any Link to Probe and Calls Reports False And Speculative

Income Tax Department Imposes Rs 57.74 Crore Penalties on Emcure Pharmaceuticals for Seven Financial Years

ITAT Deletes Rs. 20.17 Crore Transfer Pricing Adjustment on Intra-Group Services

ITAT Remits Rs. 1.80 Crore Section 68 Addition for Fresh Verification of Accommodation Entries

ITAT Deletes Commission Disallowance Under Section 40A(2)(b) for Lack of Comparable Basis

ITAT Quashes Reassessment as Section 148 Notice Issued Beyond Limitation Period