Transfer pricing adjustment on genuine business expenditure ?
Recently, the Income Tax Appellate Tribunal (ITAT) Mumbai has ruled in favor of Otis Elevator Company...
Exemption u/s 54F for only a residential property
Assessee[1] is an individual and has inherited a property after the demise of her husband in...
TDS u/s 195 on warehouse space charges ?
Income Tax Appellate Tribunal (‘the ITAT’), Delhi Bench, held that warehousing space charges paid by resident...
Delhi: Payment of stamp duty on WOS merger under ‘conveyance’ entry
Hon’ble Delhi High Court in the matter of Ambuja Cements[1], passes an important judgement regarding the...
Interest on perpetual debenture, an allowable expenditure?
Mumbai ITAT in case of TMF Holdings Ltd (‘Assessee’)[1], has held that the interest paid on...
Reclassification of portfolio investment into Foreign Direct Investments
The Reserve Bank of India (RBI), in consultation with the Government of India (GoI) and the...
ESOPs, a wealth generating tool?
With the successful listing of Swiggy Ltd (‘Swiggy’) on the recognised stock exchanges in India, around...
Whether the treatment of capital reserve arising out of merger is benefit?
ITAT Mumbai in the case of Samagra Wealthmax Private Limited[1] holds that capital reserve arising on...
SC denied deduction claimed in revised return filed beyond due date
In the recent Supreme Court judgement, in the case of Shriram Investments1 (‘the Assessee’) it was...
Can a tax officer exercise its power beyond statutory limitations?
Recently, the Income Tax Appellate Tribunal, Bangalore bench (‘ITAT’) passed on order dated October 8, 2024...