CourtKutchehry Blog

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Court News

Delhi ITAT Rules: Partners’ Business Expenses Are Tax-Deductible, Relief Granted to Former ICAI President Atul Gupta

Delhi ITAT rules that partners’ professional expenses—travel, fuel, phone, vehicle depreciation—are tax-deductible against partner remuneration. The landmark judgment in favor of …

Court News

Allahabad High Court Upholds AO’s Decision: ₹122.31 Lakh Cash Deposits Treated as Business Sales

The Allahabad High Court upheld the AO’s decision treating ₹122.31 lakh cash deposits as business sales, rejecting the Revenue’s Section 263 revision claim. The ruling highlights …