Judgement

HC holds that where travel agents have already paid tax on commission, Revenue can recover only interest and not TDS principal from airlines.

Delhi HC: Only Interest Recoverable from Airlines in TDS Cases Where Agents Paid Tax

Tribunal holds that lease rent, hire charges and maintenance receipts from an IT Park with integrated facilities constitute business income

ITAT rules that insolvency or liquidation under IBC bars tax recovery but not assessment or appellate proceedings under the Income-tax Act

Revision under Section 23 cannot be used to reopen issues already examined in detail by the Assessing Officer,

ITAT Mumbai held that goodwill arising from a slump sale of a going concern is a depreciable intangible asset and deleted the disallowance.

ITAT Mumbai upheld deletion of Section 68 addition after finding that assessee had proved genuineness of unsecured loans.