Income Tax-appellate-tribunal

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Income Tax-appellate-tribunal - Total results - 14
National Herald case: In a setback for Rahul Gandhi, I-T Tribunal rejects plea to recognise Young Indian Ltd a charitable trust
India

National Herald case: In a setback for Rahul Gandhi, I-T Tribunal rejects plea to recognise Young Indian Ltd a charitable trust

While Rahul and his mother Sonia Gandhi hold 76 percent of the company’s shares, the remaining 24 percent are held by Congress leaders Motilal Vora and Oscar Fernandes.

Govt raises threshold limit for filing appeals in tax cases, says finance minister Piyush Goyal
Business

Govt raises threshold limit for filing appeals in tax cases, says finance minister Piyush Goyal

Finance minister Piyush Goyal said the move is to create trust in the tax administration and give relief to honest, small and mid-sized taxpayers

Google India to contest Income Tax tribunal's order to pay taxes on revenues sent to Ireland
News & Analysis

Google India to contest Income Tax tribunal's order to pay taxes on revenues sent to Ireland

The ITAT held that payments aggregating to Rs 1,457 crore made by Google India to Google Ireland between 2007-08 and 2012-13 are taxable as royalty.

Income Tax Appellate Tribunal says Google India must pay tax on ad revenue sent to parent
Business

Income Tax Appellate Tribunal says Google India must pay tax on ad revenue sent to parent

In a setback to Google India, the Income Tax Appellate Tribunal has upheld a tax demand on the search engine's remittances of advertisement revenue to Google Ireland Ltd.

ITAT rules in favour of Flipkart; I-T Department to refund Rs 55 cr tax collected with interest
Business

ITAT rules in favour of Flipkart; I-T Department to refund Rs 55 cr tax collected with interest

The tax department while raising the demand had treated the Rs 796 crore loss incurred by Flipkart for the assessment year 2015-16 as capital expenditure.

ITAT ruling helps Flipkart avoid Rs 110 crore tax demand for now; case could go to the high court
Business

ITAT ruling helps Flipkart avoid Rs 110 crore tax demand for now; case could go to the high court

ITAT, in a big relief to Flipkart, ruled out tax department’s argument that marketing and discounting expenses of the etailer to be characterised as capital expenditures

If government wants to earn more tax, taxmen need to stop harassing taxpayers
Business

If government wants to earn more tax, taxmen need to stop harassing taxpayers

Tax laws need to be simplified, so as to disincentivise taxmen from litigating and continuing to litigate at the drop of a hat.

Priyanka Chopra ordered to pay tax on luxury watch and sedan with combined worth of Rs 67 lakhs; actress says they were gifts
Entertainment

Priyanka Chopra ordered to pay tax on luxury watch and sedan with combined worth of Rs 67 lakhs; actress says they were gifts

Priyanka Chopra has been ordered by the Income Tax Appellate Tribunal to pay a luxury tax for a LVMH-TAG watch worth Rs 40 lakh and a Toyota Prius sedan worth Rs 27 lakh

I-T dept launches PAN-based litigation management system
Business

I-T dept launches PAN-based litigation management system

The tax department is on a spree to ensure more and more number of people and taxpayers in the country use the PAN card.

Seeing emergence of 'New India', says Vodafone chief
Business

Seeing emergence of 'New India', says Vodafone chief

Vodafone India managing director & CEO Sunil Sood said the government has been far more cooperative on the call drops issue.

Tribunal stays I-T order, asks Vodafone to pay Rs 200 cr now
Business

Tribunal stays I-T order, asks Vodafone to pay Rs 200 cr now

The department claimed Rs 3,700 crore in tax arrears and penalties from the Indian unit of the British telecom major.

Bribes gradually becoming legal for the Indian taxman
Business

Bribes gradually becoming legal for the Indian taxman

The Indian tax authorities are gradually moving towards an amoral approach towards bribery and illegality.

Kingfisher Airlines now challenges IT dept over TDS
Business

Kingfisher Airlines now challenges IT dept over TDS

Kingfisher has claimed in its appeal that the I-T department has wrongfully charged Kingfisher with default under section 201.