News

Tax Guru47m
Assessee Can Choose Set-Off Order Most Beneficial to Them: ITAT Mumbai
Mumbai ITAT allows Vanguard Total International Stock Index Fund to set off STT-paid losses against non-STT gains, citing ...
Tax Guru18m
Additions for Alleged Bogus Transactions Require Concrete Evidence, Not Mere Suspicion
ITAT Delhi nullifies reassessment and LTCG addition, emphasizing mandatory disposal of taxpayer objections and absence of concrete evidence in 'penny stock' ...
Tax Guru32m
Share of Profit Exempt under Section 10(2A) Not Attracts Section 14A Disallowance
ITAT Mumbai clarifies tax treatment of goodwill from amalgamation, project expenses, future provisions, and Section 14A disallowances for Dosti Realty ...
Tax Guru40m
Gujarat HC Allows GSTR-1 Amendment for Deemed Exports
Gujarat High Court directs GST authorities to permit Screenotex Engineers to amend GSTR-1 for "deemed export" invoices, bypassing time restrictions due to inadvertent ...
Tax Guru53m
ITAT allows set off of short-term capital losses against gains with differential tax rates
Mumbai ITAT allows Emerging Markets Index Fund to set off short-term capital losses against gains with differential tax rates, citing Section 70(2) and judicial ...