Company’s income not taxable in shareholders’ hands: HC
The Delhi High Court has ruled that shareholders, even if they hold 100% equity, own only shares and not the company’s assets, […]
Income Tax Case Update
Delhi High Court says share buybacks aren’t income, offers big tax relief to companies
In a major relief for India Inc, particularly for companies that rely on buybacks as a legitimate capital allocation strategy,
Income tax department moves SC in Genpact tax case
The income tax department has moved the Supreme Court challenging a Delhi High Court decision that refused reopening of Genpact
Supreme Court Declines Revenue Appeal In DLF Tax Dispute Over Rs 80.66 Crore Disallowance
The Supreme Court dismissed a Special Leave Petition filed by the Revenue against DLF Home Developers Ltd., bringing an end
Supreme Court Refuses Plea Over ‘Invasive’ Seizure Powers For Tax Officials
The Supreme Court on Monday refused to hear a public interest litigation, or PIL, against a new law allowing Income
Major Amendments to the Income Tax Act: Centre Informs Supreme Court; ₹16.5 Lakh Crore Reassessment Cases Pending, Revival of Notices Proposed; Next Hearing Scheduled for April 6
The Government of India today apprised the Hon’ble Supreme Court that the process of introducing further amendments to Section 150
Supreme Court to scrutinise PIL challenging sweeping digital search powers under income tax law
The Supreme Court on Tuesday said it will examine a public interest litigation challenging the expanded search and seizure powers
Employee’s Income Tax Liability Not Waived Due To Employer’s Failure To Remit TDS: Kerala HC
In a significant decision affecting salaried taxpayers, the Kerala High Court has recently ruled that an employee’s income tax liability
Supreme Court rejects Tiger Global’s tax plea in Flipkart stake sale case
The Supreme Court on Thursday ruled against US-based investment firm Tiger Global in its challenge to taxation on a major
Flipkart co-founder denied tax relief as ITAT rejects ‘non-resident’ status claim
The Income Tax Appellate Tribunal (ITAT) Bengaluru bench has dismissed non-Indian resident claims made by Binny Bansal, the co-founder of
