News

Know major reasons of income tax refund delays and why Income Tax Department may keep your refund on hold.

Income Tax Refund Still Stuck? Know Steps Taxpayers Should Adopt

Judgement

Non-compete payments protect business profitability and do not create capital assets; interest on advances to sister concerns allowed on commercial expediency

Supreme Court Declares Non-Compete Fee as Revenue Expenditure: Deduction Allowed Under Section 37

HC holds that DRI officers are proper officers post-Canon India review and rejects the belated plea of non-service of SCNs.

Delhi High Court Revives DRI Customs Proceedings After Canon India Review; Dismisses Writs

High Court Revives DRI Customs Proceedings After Canon India Review; Dismisses Writs

ITAT quashes TP assessments of tollway companies, holding that Section 144C does not override the outer limitation under Section 153 despite DRP directions

ITAT: DRP Route Cannot Save Time-Barred TP Assessments Under Section 153

ITAT Jabalpur Relief to Jeweller: Survey Surrender Cannot Override Documentary Evidence; All Major Additions Deleted

ITAT Deletes Survey-Based Additions: Retraction Accepted Where Supported by Contemporaneous Evidence

The ITAT held that PCIT cannot pass a revision order invoking section 263 of the Act without first challenging the statutory approval under Section 153D.

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Income Tax Refund Still Stuck? Know Steps Taxpayers Should Adopt

Supreme Court Declares Non-Compete Fee as Revenue Expenditure: Deduction Allowed Under Section 37

High Court Revives DRI Customs Proceedings After Canon India Review; Dismisses Writs

ITAT: DRP Route Cannot Save Time-Barred TP Assessments Under Section 153

ITAT Deletes Survey-Based Additions: Retraction Accepted Where Supported by Contemporaneous Evidence

PCIT Cannot Revise Order Without Annulling or Challenging Statutory Approval u/s 153D: ITAT