Judgement

The ITAT Delhi ruled that the arm's length guarantee commission should be restricted to 0.5% instead of 1.3% adopted by the Transfer Pricing Officer.

ITAT holds Corporate Guarantee Given to Overseas Subsidiary Requires TP Benchmarking, but Guarantee Commission Cannot Exceed 0.5%

Notifications

The Central Government has granted an income tax exemption to the Kerala Headload Workers Welfare Board for tax years 2026-27 to 2028-29, subject to compliance with the prescribed conditions under the Income Tax Act, 2025.

Kerala Headload Workers Welfare Board Granted Income Tax Exemption for Three Tax Years

ITAT deletes Rs. 18.04 lakh penalty under Section 270A, holding that a voluntarily corrected bona fide tax-filing error did not warrant penalty.

ITAT Deletes Rs. 18.04 Lakh Penalty Under Section 270A for Bona Fide Tax-Filing Error

News

Blue Dart Express has received a GST show cause notice involving Rs 21.03 crore in tax over alleged excess ITC claims for FY23, along with interest and penalty.

Blue Dart Receives GST Show Cause Notice Over Rs 21.03 Crore ITC Issue

The arbitrator dismissed W.J. Towell's Rs 462-crore claim against Blue Star, ruling entirely in the company's favour.

Blue Star Wins Arbitration Against Oman Partner; Rs 462-Crore Claim Dismissed

Articles

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ITAT holds Corporate Guarantee Given to Overseas Subsidiary Requires TP Benchmarking, but Guarantee Commission Cannot Exceed 0.5%

Kerala Headload Workers Welfare Board Granted Income Tax Exemption for Three Tax Years

ITAT Deletes Rs. 18.04 Lakh Penalty Under Section 270A for Bona Fide Tax-Filing Error

Blue Dart Receives GST Show Cause Notice Over Rs 21.03 Crore ITC Issue

Blue Star Wins Arbitration Against Oman Partner; Rs 462-Crore Claim Dismissed

ITR Filing: Why You Shouldn't Rely on a July 31 Deadline Extension