Judgement

The ITAT held that income from self-grown and processed coffee is partly taxable under Rule 7B, while income from coffee purchased from external growers cannot be treated as agricultural income.

Only Self-Grown Coffee Qualifies for Agricultural Income Benefit, Rules ITAT Bangalore

The ITAT Mumbai held that advanced ambulance services rendered by BVG India Ltd constitute professional medical services liable for 10% TDS under Section 194J.

ITAT Mumbai Holds Ambulance Services Liable to Attract 10% TDS Under Section 194J

Articles

Understanding resident and non-resident presumptive taxation provisions effective from Tax Year 2026-27.

Presumptive Taxation under New Income Tax Act-2025

ITAT rules Section 14A disallowance unsustainable where no exempt income arose during relevant assessment year.

Dividend Income Taxability Defeats Section 14A Disallowance, Holds ITAT

News

Deepak Fertilisers and Petrochemicals Corporation Ltd. received a tax demand of about Rs. 74.89 crore from the State Tax Department, Pune, because officials wrongly applied a higher VAT rate of 13.5% instead of the correct 3% on natural gas sales to its subsidiary.

Deepak Fertilisers Receives Rs. 74.89 Crore Tax Notice Over VAT Rate Dispute

ITAT rules duty drawback taxable only upon actual receipt and credited into the assessee's bank account.

Explore Our Blogs

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

Only Self-Grown Coffee Qualifies for Agricultural Income Benefit, Rules ITAT Bangalore

ITAT Mumbai Holds Ambulance Services Liable to Attract 10% TDS Under Section 194J

Presumptive Taxation under New Income Tax Act-2025

Dividend Income Taxability Defeats Section 14A Disallowance, Holds ITAT

Deepak Fertilisers Receives Rs. 74.89 Crore Tax Notice Over VAT Rate Dispute

Duty Drawback Taxable Only Upon Actual Receipt, Holds ITAT