HC ruling protects landowners from tax deductions on highway acquisition compensation
Bengaluru, In a significant relief for landowners affected by compulsory acquisitions, the Karnataka High Court has allowed a writ petition […]
Income Tax Case Update
Madras HC calls crypto ‘property’: Here’s what it means for investors
In a first, the Madras High Court has ruled that cryptocurrency qualifies as “property” under Indian law. The case stemmed
Income tax department withdraws ₹8,500-crore transfer pricing case against Vodafone
In a surprise move, the Income Tax Department withdrew its long-pending ₹8,500-crore transfer pricing case against Vodafone India Services Pvt.
Bombay HC Quashes Income Tax Assessment Over Use of AI-generated Case Laws
The Bombay High Court quashed an income tax assessment after finding that the Assessing Officer relied on non-existent, AI-generated case
Tax claims in India by foreign companies without office or active contracts valid: Supreme Court
Foreign-owned companies can now be treated as carrying on business in India even without active contracts, a physical office, and
TDS mismatch can’t cost you Rs 1 crore: ITAT Mumbai quashes tax demand on Form 26AS
In a significant relief for taxpayers, the Income Tax Appellate Tribunal (ITAT) Mumbai has quashed a Rs 1 crore tax
Delhi HC stays Rs 329 cr tax penalty on Vivo Mobile India, seeks I-T dept response
The Delhi High Court on Thursday stayed the recovery of Rs 329 crore penalty imposed by the income tax department
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
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