Judgement

The Income Tax Appellate Tribunal (Delhi) has quashed an assessment framed under Section 153C as the AO failed to record a valid satisfactory note

ITAT Deletes Notional Interest Addition on Interest-Free Loans to Subsidiaries and Remands Ad-hoc Capitalization of Installation Expenses

ITAT Quashes Section 153C Assessment for Lack of Proper Satisfaction Note holding it as a  Mechanical Satisfaction Note

News

Finance Minister says government remains open to suggestions on capital gains taxation and market concerns.

Govt Open to Feedback on Capital Gains Tax, Market Levies: Sitharaman

Notifications

The Government of Maharashtra has temporarily reduced the VAT rate under Schedule B, Entry 6 of the Maharashtra Value Added Tax Act, 2002.

Government of Maharashtra Notifies VAT Reduction from 18% to 7% on aviation fuel

Urban Company disclosed to the stock exchange regarding the receipt of a stamp duty demand from Delhi authorities over share allotment.

Stamp Duty Dispute: Urban Company Challenges Delhi Government’s Rs 25 Lakh Penalty

The Delhi ITAT granted fresh opportunity to several charitable trusts whose applications for registration under Sections 12A and 80G were rejected by the CIT(E). The Tribunal remanded the matters back for reconsideration after providing proper hearing and examination of evidence.

ITAT Allows Fresh Opportunity to Trust Seeking Income Tax Exemption

Gujarat Maritime Board won relief before the Ahmedabad ITAT, which upheld its tax exemption under Sections 11 and 12 and rejected the Revenue’s commercial activity allegations.

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ITAT Quashes Section 153C Assessment for Lack of Proper Satisfaction Note holding it as a Mechanical Satisfaction Note

Govt Open to Feedback on Capital Gains Tax, Market Levies: Sitharaman

Government of Maharashtra Notifies VAT Reduction from 18% to 7% on aviation fuel

Stamp Duty Dispute: Urban Company Challenges Delhi Government’s Rs 25 Lakh Penalty

ITAT Allows Fresh Opportunity to Trust Seeking Income Tax Exemption

ITAT Upholds Section 11 Exemption for Gujarat Maritime Board Despite Commercial Receipt Allegations