Blog Categories
Subscribe to Newsletter
Join our subscribers list to get the latest Tax Updates and Opportunities.
Overseas Commission to Non-Resident Agents Not Disallowable u/s 37(1): Ahmedabad ITAT in DCIT v. Kewalram Textiles Pvt. Ltd. (AY 2017-18) Relying on CIT v. Toshoku Ltd.
Whether
commission paid by an export-oriented assessee to non-resident agents, for
services rendered outside India, can be disallowed under section 37(1) of the
Income-tax Act, 1961 on the ground of alleged lack of ge...
GAAR Not Applicable Without ‘Impermissible Avoidance Arrangement’: Telangana High Court Quashes GAAR Proceedings on Share Transactions | Smt. Anvida Bandi v. DCIT [2025] 177 taxmann.com 726 (Telangana HC)
In recent judgement (September, 2025) Telangana High Court quashes GAAR proceedings in absence of an ‘impermissible avoidance arrangement’(IAA)In Smt. Anvida Bandi v Deputy Commissioner of Income Tax, [2025] 177 taxm...
Bogus Political Donations Returned After Commission: Delhi ITAT Denies Section 13A Exemption, Taxes 6% as Income u/s 56(1) | Public Political Party v. DCIT (ITAT Delhi, 2025)
Denies benefit under section 13A to political party as bogus donation returned to donors after deducting commission
Delhi ITAT partly allows Assessee’s appeal observing that the addition under section 68 cannot be sus...
Rate of Exchange for Conversion into Rupees of Income Expressed in Foreign Currency, (Rule 115 of the Income-tax Rules, 1962)
Rate of Exchange for Conversion into Rupees of Income Expressed in Foreign Currency
(Rule 115 of the Income-tax Rules, 1962)
Foreign income and capital gains are becoming increasingly common as Indian residents invest ...
Disclosed Foreign Investments in Minors’ Names Not Unexplained u/s 69; Foreign Tax Credit Cannot Be Denied for Procedural Lapse in Form 67 – ITAT Delhi
Core Issue:-The
principal controversy before the Delhi Bench of the Income Tax Appellate
Tribunal was whether investments made in foreign shares in the names of the
assessee’s minor daughters could be treated as une...
“Reasonable Cause” and “Sufficient Cause” under the Income-tax Act, 1961 – Conceptual Distinction, Statutory Application and Judicial Approach
“Reasonable
Cause” and “Sufficient Cause” under the Income-tax Act, 1961 – Conceptual
Distinction, Statutory Application and Judicial ApproachIntroductionThe
Income-tax Act, 1961, while prescribing strict ti...
Taxability of Ex-gratia / Retrenchment Compensation Paid Under Government-Supported Schemes – Statutory Framework, Judicial Interpretation and Admissibility of New Claim
Taxability
of Ex-gratia / Retrenchment Compensation Paid Under Government-Supported
Schemes – Statutory Framework, Judicial Interpretation and Admissibility of New
ClaimThe
taxability of ex-gratia compensation paid...
Penalty proceedings u/s 274 r/w section 271(1)(c) - estimation of income - bogus purchases
Penalty
proceedings u/s 274 r/w section 271(1)(c) - estimation of income - bogus
purchases ITAT
MUMBAI:-Amish Anantrai Modi Versus Deputy Commissioner of Incometax, Central
Circle 2 (1), Mumbai,No.- I. T. A No....
Delhi High Court Upholds PCIT-Only Sanction for High-Value Tax Evasion Prosecution: Collegium Approval Not Required Under CBDT Circulars
Saumya
Chaurasia v. Union of India & OthersDelhi High
Court | WP(C) 8191/2025 | Dec 8, 2025** 1. Core
Issue:-Whether, for prosecution under Section 276C(1) (wilful attempt to evade
tax) and Section 278E (pre...
Whether the assessment framed u/s 153A for Assessment Year 2010-11 (pursuant to search action) was barred by limitation, as it fell beyond the permissible extended period of 10 years prescribed under Explanation 1 to Section 153A(1), particularly in light of the binding judgment of the Delhi High Court in Ojjus Medicare Pvt. Ltd
Whether the
assessment framed u/s 153A for Assessment Year 2010-11 (pursuant to search
action) was barred by limitation, as it fell beyond the permissible extended
period of 10 years prescribed under Explanation 1 to ...