The intricate landscape of India’s tax framework is designed to ensure a systematic and fair distribution of tax obligations based on individual earnings. Within this […]
ITAT
Clarifying Section 40A(3): ITAT’s Take on Necessary Cash Payments for Business Expenses
The Income Tax Act, 1961, remains the cornerstone of the Indian taxation system, governing the financial obligations of individuals and businesses alike. One of the […]
ITAT Clarifies: No Need for Possession to Claim Interest Deduction Under Section 24(b)
Section 24(b) of the Indian Income Tax Act stands as one of the most significant provisions in the realm of taxation related to income derived […]
ITAT Ruling: Understanding Taxation of Compensation from Builders for Delay in Flat Delivery
In the ever-evolving landscape of Indian taxation, one of the most significant and often debated issues is the treatment of compensation receipts. The complexities around […]
ITAT Clarifies: Submitting Written Submissions Doesn’t Mean Waiving Hearing Rights
The right to be heard, enshrined in the venerable doctrine of audi alteram partem, is one of the most enduring pillars of procedural fairness in […]
ITAT Ruling: Clarifying TDS Exemption on Interest Retained by NBFCs in Direct Assignment Loan Deals
The world of financial transactions, particularly those involving loans and their subsequent transfer across financial entities, is increasingly becoming intricate. In India, this complexity has […]
ITAT Ruling: CPC Must Account for Form 10-IE Even if Filed Post Due Date
India’s taxation framework, a complex web of rules and provisions, has undergone significant transformations, particularly with the introduction of the New Tax Regime under Section […]