News

Former ICAI President Kamlesh Vikamsey has urged the government to address prolonged Section 154 rectification delays and strengthen accountability in e-Nivaran grievance disposal.

Ex-ICAI President Kamlesh Vikamsey Flags Delays in Income Tax Rectification, Seeks CBDT Accountability

Judgement

ITAT quashes Rs 18.17 lakh penalty under Section 271(1)(c) after the underlying Rs 9.08 crore transfer pricing adjustment was set aside for fresh adjudication.

ITAT Sets Aside Rs 18.17 Lakh Penalty under Section 271(1)(c) Based on Non-Final Transfer Pricing Adjustment

The Delhi High Court dismissed writ petition against Rs 10.57 crore GST Demand for alternative remedy, delay and nature of DGGI Proceedings.

High Court Holds Parallel GST Proceedings Barred Only When They Concern the Same Subject Matter Under Section 6(2)(b)

The ITAT Delhi held that Referral commission not taxable as FTS where no technical knowledge, skill or know-how was made available to Indian entity


ITAT Holds Customer Referral Commission Not Taxable as FTS Under India-Netherlands DTAA

The ITAT Delhi held that restriction on Section 87A rebate for special-rate income applicable only from AY 2026-27


ITAT Allows Full Section 87A Rebate on Short Term Capital Gain for AY 2025-26

The ITAT Delhi ruled that GST Refund is return of tax paid, not Income where GST was not claimed as expense.


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Ex-ICAI President Kamlesh Vikamsey Flags Delays in Income Tax Rectification, Seeks CBDT Accountability

ITAT Sets Aside Rs 18.17 Lakh Penalty under Section 271(1)(c) Based on Non-Final Transfer Pricing Adjustment

High Court Holds Parallel GST Proceedings Barred Only When They Concern the Same Subject Matter Under Section 6(2)(b)

ITAT Holds Customer Referral Commission Not Taxable as FTS Under India-Netherlands DTAA

ITAT Allows Full Section 87A Rebate on Short Term Capital Gain for AY 2025-26

GST Refund Cannot Be Treated as Taxable Income Merely on Tax Audit Disclosure