Delhi HC clarifies tax treatment of Category III AIFs: What changes and why it matters
The Delhi High Court has recently settled a long-standing ambiguity around the tax treatment of Category III Alternative Investment Funds […]
Income Tax Case Update
Category III AIFs get tax relief as Delhi HC reads down CBDT circular
The Delhi High Court has provided long-awaited tax clarity related to a circular issued by the Central Board of Direct
Delhi High Court stays ₹1,140 crore angel tax demand on OYO
The Delhi High Court has stayed a ₹1,140 crore angel tax demand raised by the Income Tax Department against OYO’s
NRI wins capital gains tax case in Delhi High Court regarding sale of Rs 2 crore property despite Rs 46 lakh tax demand notice
An non-resident Indian (NRI) residing in the United States of America had to go through a very challenging time when
ITAT relief to IMA Kerala in Rs 1.81 crore income tax dispute
In a relief to the Indian Medical Association (IMA) Kerala State Branch, the Cochin Bench of the Income Tax Appellate
Larger Bench of Delhi High Court to decide key question on IT reassessment of foreign assets
The Delhi High Court has referred to a larger bench the question of whether income tax reassessment notices issued after
Delhi HC rules in favour of Amazon, says earnings from cloud services not taxable: ‘Customers do not acquire any right…’
Amazon has won a major tax battle as the Delhi High Court has ruled that cloud payments made by Indian
Bombay High Court quashes non-bailable warrant against actor Arjun Rampal in income tax case
The Bombay High Court has quashed a local court order issuing a non-bailable warrant against actor Arjun Rampal in a
Taxman can’t reopen cases after 3 years, whether under old tax regime or new
The Delhi High Court has ruled that income tax assessments cannot be reopened after three years, no matter which reassessment
Taxpayer must prove land’s agricultural status for capital gains relief: HC
The Kerala High Court recently held that the burden of proof is on the taxpayer to show that he/she is