Articles

The Government clarifies that Section 247 does not give the income tax department any new or extra powers beyond what already exists for search operations.

Can Tax Authorities Access Your Emails and Chats? Government Clarifies Scope of Section 247

Judgement

The Court ruled that unless the subsidy is directly connected with the cost of purchasing an asset, the same cannot be reduced from the block of assets.

Subsidy Cannot Be Reduced from Block of Assets Unless It Is Linked to Asset's Buying Cost: Delhi HC

The Delhi High Court held that Foreign Tax Credit cannot be denied merely for delayed filing of Form 67 and directed the AO to reconsider the claim within two months.

High Court Rules Foreign Tax Credit Cannot Be Denied Merely for late filing of Form 67

Jointly owned property not a bar; construction commenced prior to sale still eligible if completed within three years

ITAT Allows Sec 54F Exemption of Rs. 26.77 Cr on Shares Sale; Joint Ownership Not a Bar

ITAT Quashes Reassessment; Notices Held Time-Barred, Sanction Defective and Jurisdiction Invalid

ITAT Quashes Reassessments as Time-Barred and for Invalid Section 151 Sanction

Tribunal follows earlier years; applies “make available” test under India–US DTAA and grants TDS credit relief

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Can Tax Authorities Access Your Emails and Chats? Government Clarifies Scope of Section 247

Subsidy Cannot Be Reduced from Block of Assets Unless It Is Linked to Asset's Buying Cost: Delhi HC

High Court Rules Foreign Tax Credit Cannot Be Denied Merely for late filing of Form 67

ITAT Allows Sec 54F Exemption of Rs. 26.77 Cr on Shares Sale; Joint Ownership Not a Bar

ITAT Quashes Reassessments as Time-Barred and for Invalid Section 151 Sanction

ITAT: Consulting & Support Fees Not Taxable as FIS, Subscription Charges Not Royalty