Judgement

ITAT rules that CPC cannot invoke Section 50C while processing returns without DVO reference, holding such adjustments to be illegal.

ITAT Delhi Holds Section 50C Adjustment Not Permissible at 143(1) Processing Stage

Tribunal held that 100% disallowance of FTS payments to non-residents under Section 40(a)(i) is discriminatory under Article 26(3) of the India-USA DTAA.

ITAT Delhi Quashes Section 263 Revision on 100% Disallowance of FTS to Non-Residents

Seized handwritten ledgers treated as reliable evidence of unexplained expenditure; Revenue succeeds on interest addition

ITAT Ahmedabad Confirms Section 69C Additions Based on Seized Diaries

Consistency with earlier years upheld as ITAT rejects separate benchmarking of AMP expenditure; partial relief granted on interest and other disallowances

AMP Spend Not Separate International Transaction: ITAT Grants Relief to Pharma Major

Apex Court denies India-Mauritius treaty benefit, ruling Flipkart-Walmart deal was structured to avoid Indian tax

Supreme Court Holds Tiger Global Liable to Pay Capital Gains Tax on Flipkart Exit

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ITAT Delhi Holds Section 50C Adjustment Not Permissible at 143(1) Processing Stage

ITAT Delhi Quashes Section 263 Revision on 100% Disallowance of FTS to Non-Residents

ITAT Ahmedabad Confirms Section 69C Additions Based on Seized Diaries

AMP Spend Not Separate International Transaction: ITAT Grants Relief to Pharma Major

Supreme Court Holds Tiger Global Liable to Pay Capital Gains Tax on Flipkart Exit

Income Tax Dept. Seeking Applications for Young Professionals Post; Monthly Remuneration Upto Rs. 60,000