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ITAT upheld the CIT(A)'s order deleting TDS demands on stockist discounts, incentives and delayed payment charges, dismissing the Revenue's appeal. The post TDS Not Applicable on Discounts to Pharma S…
ITAT quashed the assessment as the e-assessment order lacked a digital signature, holding it violated CBDT Instruction No. 1/2018. The post ITAT Quashes Scrutiny Assessment for Unsigned Electronic Ass…
ITAT quashed a manually signed e-assessment and held software licence fees were not FTS under the India-Singapore DTAA, allowing the assessee's appeal. The post Off-the-Shelf Software Licence Fees Are…
ITAT deleted Section 69 additions based solely on third-party statements and search material, finding no corroborative evidence or opportunity for cross-examination. The post ITAT Deletes Section 69 A…
ITAT restricted disallowance on alleged bogus purchases to 2% after noting that sales were not disputed and the Assessing Officer made no enquiry from suppliers. The post ITAT Restricts Bogus Purchase…
ITAT upheld reopening under Section 147 based on Investigation Wing information and restricted disallowance on alleged non-genuine purchases to 2%. The post ITAT Upholds Reassessment & Restricts Bogus…
ITAT quashed the Section 263 revision, holding the PCIT could not revise a reassessment on issues beyond the recorded reasons for reopening. The post ITAT Quashes Section 263 Revision of Reassessment…
ITAT quashed Section 263 revision, holding reassessment could not be revised on issues unrelated to the reasons for reopening. The post ITAT Sets Aside Section 263 Revision on Issues Beyond Reassessme…
Taxpayers must accurately report capital gains from shares, mutual funds, and ETFs while filing the ITR for AY 2026-27. It is important to choose the correct ITR form, classify gains, reconcile invest…
Punjab & Haryana HC quashes ₹16.74 billion Service Tax demand notice, holding its earlier Genpact ruling on intermediary services squarely governed the case. The post Punjab & Haryana HC Quashes ₹16.7…
CESTAT set aside Service Tax demand, holding export support services were not intermediary services and qualified as export of services under Rule 6A. The post Services to Foreign Client Not Intermedi…
CESTAT allowed refund of unutilised CENVAT credit, holding earlier Tribunal orders affirmed by the Supreme Court governed denial based on intermediary classification. The post CESTAT Allows Refund of…