Curated legal news, case breakdowns, and workflow tips for fast-moving practitioners.
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Delhi ITAT ruled that a UAE resident with ₹4 crore income and full TDS need not file an ITR. Reassessment under Section 147 was quashed, reinforcing DTAA protections.
Delhi ITAT rules that a farmhouse qualifies as a residential house for Section 54F capital gains exemption. Tribunal’s decision in ACIT vs Rajat Bhandari provides major relief for…
ITAT rules that penny stock capital gains cannot be taxed under Section 68 without clear evidence of a nexus with price rigging. Suspicion alone is not enough. Judgment offers maj…
Delhi ITAT rules that partners’ professional expenses—travel, fuel, phone, vehicle depreciation—are tax-deductible against partner remuneration. The landmark judgment in favor of …