Judgement

High Court quashes tax demand on Waqf trust, citing management dispute and grants opportunity for fresh assessment.

Income Tax: Madras HC Quashes AY 2019-20 Reassessment Over Record Access Dispute; Allows 3 Months to File Reply

Income Tax: Madras HC Quashes AY 2019-20 Reassessment over Record Access Dispute; Allows 3 Months to File Reply

The court set aside the tax assessment order for AY 2017-18 due to the IT Department's failure to issue a mandatory SCN and draft order, violating the principles of natural justice.

Delhi HC Quashes Faceless Assessment for Failure to Issue SCN with Draft Order to Ericsson India

Delhi High Court rules CAM charges are service payments, not rent, attracting 2% TDS under Section 194C, dismissing Income Tax Department's appeals.

Common Area Maintenance Charges Attract 2% TDS under Sec 194C, Not Rent: High Court

ITAT deletes the carried-interest based TP adjustment, remands comparability on R-Systems for de novo TPO/AO consideration, and directs AO to decide GST rectification and verify delay for interest.

ITAT Upholds Deletion of Transfer Pricing Adjustment on Carried Interest; Remands Case to AO on GST Rectification

ITAT Allows appeal with direction for de-novo consideration by CIT(A); may call remand report

ITAT Restores Appeal for De Novo Adjudication After Ex-Parte Dismissal by CIT(A)

News

ITR-5 Excel Utility for AY 2025-26 is now live, enabling LLPs, firms, societies, and other eligible entities to file their income tax returns.

Explore Our Blogs

Stay updated with the latest insights, tips, and industry trends from our experts

Income Tax: Madras HC Quashes AY 2019-20 Reassessment over Record Access Dispute; Allows 3 Months to File Reply

Delhi HC Quashes Faceless Assessment for Failure to Issue SCN with Draft Order to Ericsson India

Common Area Maintenance Charges Attract 2% TDS under Sec 194C, Not Rent: High Court

ITAT Upholds Deletion of Transfer Pricing Adjustment on Carried Interest; Remands Case to AO on GST Rectification

ITAT Restores Appeal for De Novo Adjudication After Ex-Parte Dismissal by CIT(A)

ITR-5 Excel Utility for AY 2025-26 Released: LLPs, Firms and Societies Can Now File Returns