News

Mumbai Police arrested three accused for allegedly supplying mule bank accounts and SIM cards to a cyber fraud network involved in transactions linked to around Rs 24 crore.

Rs 24 Crore Cyber Fraud: Mumbai Police Arrest 3 for Supplying Mule Bank Accounts, 2,898 SIMs

Judgement

ITAT deleted Rs 30,108 in TDS and TCS penalties, holding that its bona fide beliefs constituted reasonable cause under Section 273B of the Income Tax Act.

ITAT Deletes Sections 271C and 271CA Penalties Over Bona Fide Belief

ITAT remands the tax dispute to the Assessing Officer for fresh review after finding that the assessee was not given proper opportunity or relevant documents.

ITAT Remands Tax Dispute to Assessing Officer, Directs Fresh Review After Assessee Cites Lack of Proper Opportunity and Non-Supply of Documents

ITAT deleted the Rs 1.13 crore transfer pricing adjustment after finding that depreciation was treated inconsistently while comparing the assessee’s operating margin with comparable companies.

ITAT Deletes Rs 1.13 Crore Transfer Pricing Adjustment, Flags Inconsistent Depreciation Treatment

HDFC Life faces a Rs 3,365 crore GST demand and penalty, and plans to challenge the order before the GST Appellate Tribunal.

HDFC Life Faces Rs 3,365 Crore GST Demand, Penalty; To Appeal Order

ITAT admitted Deegee Software’s additional ground on the tax treatment of rental income and restored the dispute to the AO for fresh consideration.

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Rs 24 Crore Cyber Fraud: Mumbai Police Arrest 3 for Supplying Mule Bank Accounts, 2,898 SIMs

ITAT Deletes Sections 271C and 271CA Penalties Over Bona Fide Belief

ITAT Remands Tax Dispute to Assessing Officer, Directs Fresh Review After Assessee Cites Lack of Proper Opportunity and Non-Supply of Documents

ITAT Deletes Rs 1.13 Crore Transfer Pricing Adjustment, Flags Inconsistent Depreciation Treatment

HDFC Life Faces Rs 3,365 Crore GST Demand, Penalty; To Appeal Order

ITAT Remands Deegee Software Rental Income Dispute to AO for Fresh Adjudication