The Income Tax Appellate Tribunal (ITAT) has ruled largely in favour of Maruti Suzuki India in tax disputes covering eight financial years from FY2013-14 to FY2019-20 and FY2021-22. The automaker disclosed the…
The Income Tax Department has appealed to the Income Tax Appellate Tribunal (ITAT), New Delhi, against an order granting Dr Lal PathLabs relief on ₹32.66 crore in ESOP expenses for assessment year…
Indian equity markets extended losses for a third straight session on Wednesday, 30 September, with the Sensex declining 48.78 points to close at 72,480.29 and the Nifty falling 95.75 points to 22,620.45,…
The Bengaluru Income Tax Appellate Tribunal (ITAT) ruled on 23 September that merely receiving foreign salary in an Indian NRE account does not automatically make it taxable in India. In the case…
The Income Tax Appellate Tribunal (ITAT) has cancelled a Rs 70,700 penalty imposed on a Ghaziabad taxpayer who bought a property for Rs 48 lakh when its stamp duty value was Rs…
The Income Tax Appellate Tribunal's Mumbai bench has ruled that business expenses paid through a spouse's credit card and later reimbursed cannot be disallowed merely on that ground. The order, relevant for…
The Income Tax Appellate Tribunal in Mumbai has deleted a Rs 11,003 crore tax disallowance against Reliance Jio Infocomm, ruling that accounting classification alone cannot determine tax treatment of expenses.
Non-resident Indians sending money to parents in India risk income tax scrutiny if transfers lack proper documentation. A US-based NRI faced a six-year battle after an Rs 11 lakh transfer to his…
The Income Tax Appellate Tribunal (ITAT), Amritsar Bench, has deleted a Rs 2.33 crore addition made against Bhupendra Flour Mills Pvt Ltd for cash deposited during the 2016 demonetisation period. The company…
The Income Tax Appellate Tribunal’s Surat bench has ruled that bank deposits cannot automatically be treated as taxable income under Section 44AD. Tax authorities must first examine the source and nature of…
Ashin Xavier: interesting
IO Repro: Repro test v4 after fix 2 Oct. Safe to trash.
IO Repro: Repro test v3 after fix 2 Oct. Safe to trash.
IO Repro: Repro test after fix 2 Oct. Safe to trash.