Judgement

Tribunal confirms that advertisement costs for brand ownership and automated banking charges do not warrant tax disallowances

ITAT Rules in Favor of MakeMyTrip: AMP Expenses Held as Revenue Expenditure, No TDS on Payment Gateway Charges

Court permits reassessment after considering post-order clarification from National Highways Authority of India

HC Sets Aside GST Demand on TDS Mismatch, Allows Fresh Adjudication Based on NHAI Certificate

The tribunal said that the mere omission of reporting the investment in Schedule FA represents a lapse in the reporting format of the ITR, instead of a complete disclosure failure.

No Penalty for Omission to Disclose Foreign Assets in Schedule FA if the Same is Disclosed in Other Part of ITR: ITAT

News

Fractal Analytics has received a draft assessment order, proposing a demand amounting to Rs 156.56 Crore on the grounds of certain transfer pricing and corporate tax adjustments.

Fractal Analytics Faces Rs 156.56 Crore Draft Demand Over Transfer Pricing and Corporate Tax Adjustments

Orders

TVS Srichakra Ltd has received a Rs 29.47 crore income tax demand for FY 2017-18 and plans to file an appeal with the CIT(A).

TVS Srichakra Ltd Receives Rs 29.47 Crore Income Tax Demand, Plans to File Appeal

Tribunal Holds Date of Tender of Cheque as Date of Payment for TDS Compliance

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ITAT Rules in Favor of MakeMyTrip: AMP Expenses Held as Revenue Expenditure, No TDS on Payment Gateway Charges

HC Sets Aside GST Demand on TDS Mismatch, Allows Fresh Adjudication Based on NHAI Certificate

No Penalty for Omission to Disclose Foreign Assets in Schedule FA if the Same is Disclosed in Other Part of ITR: ITAT

Fractal Analytics Faces Rs 156.56 Crore Draft Demand Over Transfer Pricing and Corporate Tax Adjustments

TVS Srichakra Ltd Receives Rs 29.47 Crore Income Tax Demand, Plans to File Appeal

ITAT: No Interest if TDS Paid by Cheque Before Due Date, Even if Realised Later