Judgement

Final assessment orders under Section 144C held time-barred despite pending Supreme Court reference

ITAT Delhi Quashes DRP Assessments Passed Beyond Limitation

SC issues notice to resolve conflicting High Court views on allowability of delayed employees’ PF and ESI contributions.

Supreme Court Issues Notice on Delayed Employees’ PF/ESI Deduction Dispute

ITAT holds advertising and promotional expenses incurred on dealers and third parties do not constitute “fringe benefits” to employees.

No FBT on Dealer-Oriented Sales Promotion Spend; ITAT Deletes Addition

The Tribunal ruled in favour of the assessee company, holding that once the genuineness of the transaction had been accepted in earlier years, the interest expenses cannot be disallowed in the current year.

Interest Expenses Cannot Be Disallowed in Current Year If Genuineness Is Accepted in Previous Years: ITAT

Notifications

CBDT approves Sikshya O Anusandhan for tax benefits on scientific research under Section 35 of the Income Tax Act

CBDT Notifies Approval of Sikshya O Anusandhan for Scientific Research Under Section 35

The Central Government, using its power under clause (46) of section 10 of the Income-tax Act, 1961 (43 of 1961), has granted income tax exemption to the State Legal Service Authority Union Territory, Chandigarh.

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ITAT Delhi Quashes DRP Assessments Passed Beyond Limitation

Supreme Court Issues Notice on Delayed Employees’ PF/ESI Deduction Dispute

No FBT on Dealer-Oriented Sales Promotion Spend; ITAT Deletes Addition

Interest Expenses Cannot Be Disallowed in Current Year If Genuineness Is Accepted in Previous Years: ITAT

CBDT Notifies Approval of Sikshya O Anusandhan for Scientific Research Under Section 35

CBDT Notifies Tax Exemption to State Legal Service Authority Union Territory, Chandigarh