Curated legal news, case breakdowns, and workflow tips for fast-moving practitioners.
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ITAT Delhi has struck down a ₹52 crore tax addition in a major unlisted start-up shares case, ruling that CA-certified valuation is valid. The judgment strengthens investor rights…
ITAT rules that purchases supported by valid GST e-way bills cannot be treated as bogus. Landmark judgment offers major relief to businesses, clarifies bogus purchase allegations,…
Mumbai ITAT rules that WhatsApp chats cannot be treated as valid evidence without a Section 65B certificate under the Indian Evidence Act. The Tribunal deletes a ₹3.16 crore addit…
Delhi ITAT rules that LTCG exemption under Section 10(38) applies strictly to equity shares and equity-oriented mutual funds. Derivatives, unlisted shares, bonds and debentures ar…
Delhi ITAT rules that partners’ professional expenses—travel, fuel, phone, vehicle depreciation—are tax-deductible against partner remuneration. The landmark judgment in favor of …