Curated legal news, case breakdowns, and workflow tips for fast-moving practitioners.
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Delhi ITAT rules TDS credit cannot be denied merely because income is taxed in another entity’s hands. Section 199 & Rule 37BA must prevent double taxation.
Madras High Court quashes income tax proceedings delayed for 11 years, holding that Section 153(2A) time limits are mandatory and protect taxpayers from endless litigation.
ITAT Mumbai rules ancillary software support services are not FTS under the India–Singapore DTAA, deleting a ₹482.7 crore tax addition and clarifying treaty protection.
ITAT rules rental income from trailers and exhibition space is business income, not house property. Tribunal deletes tax addition, giving relief to leasing businesses.
ITAT holds that shares and mutual funds held as stock-in-trade must be excluded from Section 14A read with Rule 8D. Major relief for traders and investors as disallowance applies …