Case Law – Page 3 – TAX UPDATE INDIA

Case Law Income Tax ITAT

Mere outsourcing of services to Indian subsidiary would not give rise to PE in India: ITAT Delhi

admin January 19, 2024

Mere outsourcing of services to Indian subsidiary would not give rise to PE in India: ITAT Delhi M/s EXL Service. Com INC (ITA No. 4989/DEL/2014) Facts: 1. Exl India has … Read More

Case Law ITAT

AO is unjustified in making addition U/S 68 in respect of cash receipts converted into sales: ITAT Chennai

CA Adityavikram Banka January 8, 2024

AO is unjustified in making addition U/S 68 in respect of cash receipts converted into sales: ITAT Chennai M/s.Sahana Jewellery- Exports Pvt. Ltd. Vs ITO (ITA No.999/Chny/2022) Facts: 1. The … Read More

Case Law

Women can be Karta of an HUF: Delhi HC

CA Adityavikram Banka December 10, 2023

Women can be Karta of an HUF: Delhi HC MANU GUPTA Vs SUJATA SHARMA & ORS (Case No.: RFA(OS) 13/2016 & CM APPL. 6041/2016) Order of the division bench of … Read More

Flash News

MCA issues Merger and Amalgamation Amendment Rules effective from 17th September.

Taxation of ESOPs

Block Assessment in case of Search Proceedings Re-introduced in the Budget 2024

Amendments made in Form 3CD effective from AY 2024-25

TDS on Partner’s Remuneration introduced in the Budget 2024

RBI allows Indian Resident to open foreign currency accounts in GIFT City under LRS

Lower Tax Deduction certificate (TDS)

Sec 54 – Date of possession of new property is to be considered in the case of constructed property: ITAT Mumbai

Transit rent paid by the developer is not a revenue receipt and so not taxable: Bombay HC

Legal precedents on Ad- Hoc Disallowances

Category: Case Law

Mere outsourcing of services to Indian subsidiary would not give rise to PE in India: ITAT Delhi

AO is unjustified in making addition U/S 68 in respect of cash receipts converted into sales: ITAT Chennai

Women can be Karta of an HUF: Delhi HC