Curated legal news, case breakdowns, and workflow tips for fast-moving practitioners.
Showing 5 of 15 articles.
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.
The ITAT Mumbai rules that excess repayment made by a Karta to an HUF is a capital receipt and not taxable income. Landmark ruling protects HUFs from arbitrary income tax notices.
ITAT rules that capital losses can be set off against capital gains even when taxed at different rates. Tribunal clarifies Section 70(2), offering major relief to investors and ta…
ITAT Hyderabad rules severance pay is taxable as profits in lieu of salary unless exempt under Section 10. Learn how employees can avoid costly tax mistakes.
ITAT Mumbai rules that once purchases are held bogus, the entire amount must be added under Section 69C. In ACIT vs Romil Diam, the Tribunal rejected 8% profit estimation, strengt…