Curated legal news, case breakdowns, and workflow tips for fast-moving practitioners.
Showing 5 of 14 articles.
ITAT Bengaluru rules meals, transport & courier expenses are not deductible under Section 48 while computing capital gains on NRI property sales.
Supreme Court rules non-compete fees are deductible revenue expenditure under Section 37(1). Landmark Sharp Business System v CIT-III judgment ends capital vs revenue debate.
Allahabad High Court rules that IT Act provisions do not apply to GST notices. Court holds GST Act is self-contained and service must strictly follow Section 169, bringing clarity…
ITAT rules that unexplained cash additions under Section 68 are invalid unless books are rejected under Section 145(3), deleting a ₹64 lakh addition.
ITAT rules that survey statements alone cannot justify bogus purchase additions under Section 68. Corroborative evidence is mandatory in tax assessments.