Judgement

ITAT deletes Rs.22.35 crore AMP transfer pricing adjustment, holding that Bright Line Test has no statutory basis and is rejected by High Court.

ITAT Delhi Rejects Bright Line Test; Deletes Rs. 22.35 Crore AMP Adjustment in Swatch India Case

High Court quashes Section 148 notices issued to non-searched persons, holding that search-based material must be assessed only under Section 153C.

High Court Quashes Reassessment Notices Issued to Non-Searched Persons Using Search Material

The Court upheld the decision of ITAT that for a transaction to be a business income, there must be regularity, frequency, volume and continuity.

Profit from Sale of Land Should Be Taxed as Capital Gains, Not Business Income: Madras HC

ITAT Delhi upholds CIT(A)’s deletion of multiple additions in Omax Autos Ltd. case, holding Rule 46A objections unsustainable where AO verified evidence in remand.

ITAT Dismisses Revenue Appeal; Rule 46A Objection Fails After Remand Verification

High Court holds that Income Tax Department must pass a reasoned decision on final reward after hearing the informant

Gujarat HC Directs Reconsideration of Informant’s Tax Reward Claim Under 2007 Guidelines

Assessee cannot stall assessment by citing unused PAN; Department directed to cancel duplicate PAN immediately

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ITAT Delhi Rejects Bright Line Test; Deletes Rs. 22.35 Crore AMP Adjustment in Swatch India Case

High Court Quashes Reassessment Notices Issued to Non-Searched Persons Using Search Material

Profit from Sale of Land Should Be Taxed as Capital Gains, Not Business Income: Madras HC

ITAT Dismisses Revenue Appeal; Rule 46A Objection Fails After Remand Verification

Gujarat HC Directs Reconsideration of Informant’s Tax Reward Claim Under 2007 Guidelines

HC Allows Income Tax Proceedings Despite Dual PAN Dispute; Orders Cancellation of Duplicate PAN