Delhi HC rules EY US secondment fees taxable in India, MNCs face higher costs for foreign talentMultinational corporations in India face a new tax challenge following a High Court ruling against EY US. The court determined that payment...
20 Jun, 2026, 01.02 AM IST
Man sold unlisted shares, bought Rs 5.65 cr house, faced income tax scrutiny; he fought back and won in ITAT Delhi despite low income declarationMr. Bansal successfully appealed a tax demand after claiming Section 54F exemption on Rs 7.59 crore long-term capital gains from unlisted s...
08 Jun, 2026, 09.52 AM IST
GOQii moves SC over higher customs duty on fitness trackersGOQii Technologies has approached the Supreme Court. The fitness tech company wants a decision on customs duty for its imported bands. It a...
03 Jun, 2026, 12.30 AM IST
IBC 10-year anniversary scorecard: Over Rs 4 lakh crore realised, big implications for credit markets, economic efficiencyThe Insolvency and Bankruptcy Code has helped creditors recover over Rs 4 lakh crore rupees. The Code has revived many distressed companies...
28 May, 2026, 07.57 PM IST
Supreme Court upholds CCI order, clears NSE of anti-competitive practices in co-location caseThe Supreme Court has backed the Competition Commission of India's decision. This means no investigation will occur against the National St...
27 May, 2026, 12.17 AM IST
Supreme Court notice to Centre on plea highlighting vacant posts in Income Tax Appellate TribunalThe Supreme Court on Tuesday has asked the Centre to fill vacant posts across the Income Tax Appellate Tribunal. A bench directed High Cour...
26 May, 2026, 12.29 PM IST
Man pays zero tax on Rs 5 crore land sales despite filing ITR after deadline; ITAT Mumbai rules in his favour for this reasonA Mumbai man successfully claimed a tax exemption on Rs 5 crore land sales despite filing his ITR after the deadline. The ITAT Mumbai ruled...
22 May, 2026, 07.21 AM IST
8th Pay Commission latest update: Railway technical staff seek multiple fitment factors, higher HRA, pay fixRailway technical supervisors have put forward significant demands to the 8th Pay Commission. Key proposals include a Rs 52,000 minimum sal...
20 May, 2026, 04.53 PM IST
GST Tribunal revamps appeal process: Division bench review now mandatory for appealsThe move seeks to prevent smaller benches from deciding cases involving important legal questions, ensure consistent rulings, and streamlin...
16 May, 2026, 12.50 AM IST
US-based son gets tax notice in India over Rs 11 lakh cash deposit made on behalf of parents during demonetisation; ITAT Delhi cancels notice for this reasonA US-based son, Mr. Bussi, successfully challenged an Indian income tax notice after depositing Rs 11 lakh cash into his parents' account d...
04 May, 2026, 11.32 AM IST
Finance Ministry seeks faster disposal by DRTs, holds talks"Key areas of discussion included strengthening oversight and monitoring mechanisms within banks to enhance recoveries through DRTs, priori...
03 May, 2026, 12.33 AM IST
Bombay HC quashes Rs 1,524 crore proposed GST demand on Tata Sons in Docomo arbitration payout caseThe Bombay High Court quashed a Rs 1,524 crore GST demand against Tata Sons, ruling that payments made to NTT Docomo as an arbitration awar...
01 May, 2026, 10.27 AM IST
Delhi HC stays GST appellate tribunal order for Tata Play to deposit Rs 450 croreThe Delhi High Court has stayed an order directing Tata Play to deposit ₹450 crore for alleged profiteering under GST, pending further hear...
30 Apr, 2026, 09.37 PM IST
Company's income not taxable in shareholders' hands: HCThe Delhi High Court ruled shareholders do not own company assets. They only own shares. Therefore, they cannot be taxed on a company's inc...
30 Apr, 2026, 12.54 AM IST
Our objective is to give houses to 22,000 homebuyers of ailing Unitech: SCThe Supreme Court is pushing for a resolution for 22,000 Unitech homebuyers. The court wants suggestions from the new board, banks, and fin...
29 Apr, 2026, 09.17 PM IST
Share buybacks not ‘income’, can’t face I-T levy: Delhi High CourtThe Delhi High Court ruled that companies buying back shares below fair market value do not incur taxable income. The court distinguished s...
18 Apr, 2026, 10.09 AM IST
No investment-linked deduction available if audit report not submitted with income tax returns: Delhi Tax TribunalThe Tribunal ruled that in the absence of the audit report being furnished along with the tax return, claim for deduction of incentive bene...
06 Nov, 2020, 04.40 PM IST