Curated legal news, case breakdowns, and workflow tips for fast-moving practitioners.
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ITAT Ahmedabad rules that no deemed rent can be added on vacant flats if landlords made genuine efforts to rent them under Section 23(1)(c).
Supreme Court dismisses Tata Sponge Iron’s challenge to the Odisha Entry Tax Act, refusing refund and reaffirming states’ power to levy entry tax.
ITAT rules that income tax notices and assessment orders against a struck-off company are a legal nullity, reinforcing certainty in corporate taxation.
ITAT Ahmedabad grants relief to NRI in ₹66.95 lakh property case, holding TDS payment valid despite no ITR filing and restoring matter for fresh adjudication.
Courts and CBDT clarify that share valuation must strictly follow Rule 11UA. Isolated or negotiated transactions cannot override statutory FMV methods under income tax law.