Judgement

ITAT holds that satellite transponder fees paid by Bennett Coleman to Intelsat UK are not “royalty” under India-UK DTAA

ITAT Rules No TDS on Transponder Charges Paid to Intelsat UK: Revenue Appeals Dismissed

Articles

The Income Tax Act 2025 introduces a single “Tax Year” concept to replace Financial Year and Assessment Year, making tax filing simpler and easier for taxpayers from April 1, 2026.

New Income Tax Act 2025: One “Tax Year” Concept to End FY-AY Confusion for Taxpayers

The Supreme Court agreed with the Income Tax Department's concern that the "technology is only meant for assistance and data processing, and not for adjudication of cases.

Supreme Court Quashes HC's Direction to Modify Tax Software in Income Tax Case

ITAT upheld the deletion of bogus LTCG and commission additions, citing earlier tribunal relief, SEBI’s clean chit, and absence of fresh evidence, and dismissed the Revenue’s appeal.

ITAT Dismisses Revenue Appeal for Lack of Evidence, Upholds Deletion of Rs. 2.92 Crore Bogus LTCG Addition

ITAT Delhi holds that Section 56(2)(viib) does not apply to share issues made to non-resident investors

ITAT Quashes Rs. 418 Crore Share Premium Addition for Hero Fincorp: Non-Resident Clause Clarified

ITAT holds that assessments were beyond the permissible block period under Section 153C, following Supreme Court law

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ITAT Rules No TDS on Transponder Charges Paid to Intelsat UK: Revenue Appeals Dismissed

New Income Tax Act 2025: One “Tax Year” Concept to End FY-AY Confusion for Taxpayers

Supreme Court Quashes HC's Direction to Modify Tax Software in Income Tax Case

ITAT Dismisses Revenue Appeal for Lack of Evidence, Upholds Deletion of Rs. 2.92 Crore Bogus LTCG Addition

ITAT Quashes Rs. 418 Crore Share Premium Addition for Hero Fincorp: Non-Resident Clause Clarified

ITAT: Section 153C Assessments Time-Barred When Satisfaction Note Recorded Late