Lenskart's anticipated IPO is generating discussion over its high valuation (₹70,000 Crore post-issue). The company's ...

ITAT Rajkot held that a one-day delay in filing objections before the DRP should not defeat justice. The Tribunal condoned the delay and remanded the case for fresh adjudication, emphasizing that ...

The ITAT Rajkot ruled that a political donation made through a banking channel cannot be disallowed if the donor provides complete evidence of the payment and the recipients registration. The Tribunal ...

The Tribunal condoned a 563-day delay in filing appeal caused by frequent changes in management and poor communication in a co-operative bank. It held that negligence of officials should not override ...

The ITAT Kolkata ruled that no disallowance under Section 14A read with Rule 8D can be made if the taxpayer did not earn any exempt income during the relevant financial year. The Tribunal fully ...

ITAT Hyderabad held that penalty under section 221(1) of the Income Tax Act duly leviable for non-payment of self-assessment ...

Chennai ITAT ruled a S. 271D penalty time-barred, holding that the six-month limitation period starts from the AO's recorded ...

I, confirming that the obligation to deduct tax on lease rent paid to NOIDA Authority applies prospectively from 16.02.2017. Following Supreme Court precedents, the Tribunal ruled the real estate firm ...

India is moving to regulate Big Tech's anti-competitive practices like predatory pricing, self-preferencing, and data misuse. A new Digital Competition Act is proposed to introduce ex-ante (preventive ...

ITAT Mumbai deleted a Rs.34.65 crore addition under Section 68 for unsecured loans, ruling that requirement to prove source of source only applies from A.Y. 2013-14 onwards. Tribunal held that proving ...

The ITAT Kolkata allowed a trusts appeal, ruling its anonymous donations were not taxable under Section 115BBC after the trust demonstrated its objects included both religious and charitable purposes ...

Court held that authorities cannot block Input Tax Credit accrued after the date of action, directing restoration of ₹1.43 crore to the taxpayer while upholding blockage of earlier ...