Judgement

The ITAT ruled in favour of the assessee and held that Derivatives are not the same as shares, even if shares are the underlying asset.

India-Mauritius DTAA: ITAT Mumbai Confirms Derivative Gains Not Taxable in India for Mauritius Entities

Articles

The operation targets people and organisations that are helping others make fake claims for tax deductions and exemptions in their Income Tax Returns.

Income-tax raiding individuals for Fake deduction claims

Notifications

As per the notification issued by the CBDT, the District Legal Service Authority in Haryana is exempted.

CBDT: District Legal Service Authority in Haryana Get Income Tax Exemption

CBDT grants retrospective income tax exemption to Baddi Barotiwala Nalagarh Development Authority under Section 10(46) for assessment years 2014-2019.

CBDT Grants Retrospective Tax Exemption to Baddi Barotiwala Nalagarh Development Authority

Tribunal sets aside Section 270A penalty; holds leave encashment claim made in good faith with full disclosures.

ITAT Quashes Penalty Under Section 270A on Leave Encashment Claim

TR-6 Challan not accepted as a valid document for claiming IGST Input Tax Credit, rules Tamil Nadu GST AAR in Becton Dickinson case.

Explore Our Blogs

India-Mauritius DTAA: ITAT Mumbai Confirms Derivative Gains Not Taxable in India for Mauritius Entities

Income-tax raiding individuals for Fake deduction claims

CBDT: District Legal Service Authority in Haryana Get Income Tax Exemption

CBDT Grants Retrospective Tax Exemption to Baddi Barotiwala Nalagarh Development Authority

ITAT Quashes Penalty Under Section 270A on Leave Encashment Claim

GST AAR: TR-6 Challan Not Eligible Document for Availing ITC