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ITAT Bangalore rules cash deposits of a fruit dealer were genuine business receipts, deleting additions under Section 68 for unexplained cash credits.
Hindustan Unilever receives a ₹1,560 crore income tax demand over transfer pricing and corporate tax adjustments. HUL plans to appeal, says no material impact on operations.
India issues tax notices to foreign digital firms, claiming permanent establishment status that could trigger corporate tax and reshape digital economy taxation.
The Supreme Court of India has rejected the ₹244 crore service tax demand against Bharti Airtel, upholding the CESTAT ruling. The judgment clarifies that employee call allowances …