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No service tax is to be imposed on hostel fees received for non-residential courses conducted by the coaching institute, the Kolkata Bench of the CESTAT has held. The Bench of Ashok Jindal (Judicial Member) and K. Anpazhakan (Technical Member) has cited that “the stand-alone hostel charges collected for non-residential courses, have no connection with Commercial […]
The Surat bench of the ITAT states that if a rental income is proposed for taxation in one assessment year, it will be reduced by the assessing officer from the income of another assessment year. The case was remitted by the bench to the AO’s file to validate the taxpayer’s claim. The taxpayer has furnished the revised […]
The tax additions of ₹42.94 lakh each against the Gurgaon-based couple, Rachita Sahgal and Vivek Sahgal, have been rejected by the Income Tax Appellate Tribunal (ITAT), Delhi Bench, citing that the department wrongly invoked Section 153C of the Income Tax Act. According to the bench, the seized documents merely “pertained to” the taxpayers, rather than […]
The Central Board of Direct Taxes (CBDT), in anticipation of the passage of the upcoming Income Tax Bill, has established an implementation program. As per the action plan for FY 2025-26, the Board aims to educate at least half of its workforce by the end of March. The new Income Tax Bill, following its introduction […]
A writ appeal filed by a gas cylinder and stove distributor has been partly allowed by the Madras High Court, which set aside the condition imposed by a single judge to pay 15% of the disputed tax amount. Dhanapal Eswari, a distributor of gas cylinders and stoves, couldn’t file her Income Tax Return for Assessment […]
The Supreme Court, while responding to a reference, ruled that deductions under Sections 80-IA and 80-IB of the Income Tax Act are not required to be reduced from the gross total income before computing deductions under other provisions, such as Section 80-HH for export profits. The verdict was handed by a bench of Justices Abhay […]
In the case of an income tax refund that was sanctioned with interest but paid without it, the Madras High Court directed the Income Tax Department to acknowledge and dispose of the taxpayer’s representation regarding the unpaid interest. Vinplex India Private Limited, the applicant, submitted the writ petition asking for the interest to be filed […]
The central government, on May 15, 2025, approved 187 startups for income tax exemption. A 100% income tax deduction on profits is allowed for eligible startups for any three consecutive years within a ten-year period from the date of incorporation. The income tax benefit scheme is made to assist emerging businesses in their initial years, […]
The taxpayer’s consultancy services to the foreign university/foreign group entity do not fall under the category of “intermediary services”, and the taxpayer is qualified for the advantage of “export of services,” New Delhi Bench of Customs, Excise, and Service Tax Appellate Tribunal (CESTAT). The Bench of Binu Tamta (Judicial Member) and (Technical Member) has said […]
