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Playbook for handling Angel Tax and Section 68 tax notices

With Angel Tax and Section 68 tax notices becoming a headache for startups and investors, here are extracts of a playbook that attempts to give a better understanding of the issue ....

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Allahabad High Court Monthly Digest: August 2023

[NOMINAL INDEX PROVIDED AT THE BOTTOM] ORDERS/JUDGMENTS Goods In Transit Can’t Be Treated As Non-Traceable In Presence Of Tax Invoice, E-Way Bill And Bilty: Allahabad High Court Case Title:. ....

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Fees for live and non-live transmission right not taxable as royalty

ITAT Delhi held that as there is no copyright on live events, the license fees for live and non-live transmission right cannot be taxed as royaty in terms of section 9(1)(vi) of the Income Tax Act. Accordingly, addition deleted. ....

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Allahabad High Court Imposes 10K Cost On Income Tax Authority For Violation Of Principles Of Natural Justice

The Allahabad High Court on Wednesday imposed a cost of Rs. 10,000 to be paid by an erring officer of the Income Tax Department for violating the principles of natural justice while cancelling the. ....

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Mumbai: ITAT declares redevelopment rent as tax-free, bringing significant relief to citizens

The order was pronounced by the Mumbai Bench of ITAT on April 4 after Ajay Parasmal Kothari, a former flat owner and an affected party, moved the tribunal. ....

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