Itat

ITAT upholds $150 mn tax demand on NDTV, penalty proceeding to begin soon

The tax department had alleged that Rs 218.30 crore was the tax that was sought to be evaded on investment of Rs 642.54 crore. It had sought a penalty of Rs 436.8 crore at the rate of 200 percent of tax evaded.

Cairn Energy gets fresh demand notice from tax dept, this time for Rs 10,247 cr

ITAT in its 9 March order held that Cairn Energy was liable to pay tax on the 2006 transfer of India assets to newly created Cairn India, prior to its listing.

To save income tax, do you give fake rent receipts? You may be in for a shock

The ruling by the Mumbai tax tribunal is likely to set a precedent and the salaried class is likely to come under the scanner

Cairn liable to pay Rs 10,247 cr capital gains tax but not interest on it, says tax tribunal ITAT

ITAT held that Cairn Energy was liable to pay the tax on share transfer it did through an internal reorganisation of its India business in 2006, prior to getting Cairn India listed on stock exchanges

Vodafone seeks to club all cases for settlement of tax disputes

The company suggested that a transfer pricing case before the Income Tax Appellate Tribunal (ITAT) should be clubbed with the Rs 11,200 crore capital gains tax dispute, the sources said.

Vodafone gets breather from ITAT in tax dispute

The ITAT agreed to a compromise solution offered by Vodafone, wherein the company would pay Rs 200 crore of the demanded Rs 3,700 and offer corporate guarantees for the balance.