Judgement

ITAT allows depreciation on 3G spectrum, deletes distributor discount disallowance, partly allows customer acquisition cost, and treats pre-operating expenses as revenue in nature.

ITAT: Telecom Expenses Decided in Cross-Appeals; Tribunal Favors Depreciation on Spectrum

Articles

The Central Board of Direct Taxes (CBDT) has now reduced the ITR verification due date to 30 days from the date of filing.

Don't Miss Out! E-Verify Your ITR Within 30 Days

HC quashes reassessment, holding reopening for AY 2018-19 invalid as it was based on transactions from an earlier assessment year and lacked new, credible evidence.

Gujarat HC Quashes Reassessment: Deposits Pertaining to Earlier AY Cannot Justify Reopening

Tribunal holds that Section 87A rebate applies when total income does not exceed Rs. 5 lakh; no statutory exclusion for long-term capital gains for AY 2024-25

ITAT Allows Rebate of Rs. 12,500 u/s 87A Despite Inclusion of Long-Term Capital Gains

ITAT deletes addition treating management fee as FTS under India-Singapore DTAA since “make available” condition not satisfied; interest u/s 234A deleted

ITAT: Management Fee not Taxable as FTS under India-Singapore DTAA

Gujarat High Court quashes reassessment for AY 2015-16, ruling notices issued post-01.04.2021 under TOLA as time-barred and invalid.

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ITAT: Telecom Expenses Decided in Cross-Appeals; Tribunal Favors Depreciation on Spectrum

Don't Miss Out! E-Verify Your ITR Within 30 Days

Gujarat HC Quashes Reassessment: Deposits Pertaining to Earlier AY Cannot Justify Reopening

ITAT Allows Rebate of Rs. 12,500 u/s 87A Despite Inclusion of Long-Term Capital Gains

ITAT: Management Fee not Taxable as FTS under India-Singapore DTAA

Gujarat HC Quashes Reopening for AY 2015-16: Notices Issued After 01.04.2021 under TOLA Invalid