All Tribunals Case Commentaries

Clarifying Jurisdiction and Procedural Fairness: ITAT's Landmark Decision in Pavitra Realcon Pvt. Ltd. v. ACIT

Date: Oct 5, 2017

Clarifying Jurisdiction and Procedural Fairness: ITAT's Landmark Decision in Pavitra Realcon Pvt. Ltd. v. ACIT Introduction The case of Pavitra Realcon Pvt. Ltd., New Delhi v. ACIT, New Delhi...

Enhancing Consumer Protection in Real Estate: Amit Baddhan v. M/s Bajwa Developers Ltd.

Date: Oct 4, 2017

Enhancing Consumer Protection in Real Estate: Amit Baddhan v. M/s Bajwa Developers Ltd. Introduction The case of Amit Baddhan v. M/s Bajwa Developers Ltd. adjudicated by the State Consumer Disputes...

SEBI's Comprehensive Directions in Express Cultivation Limited Case: Establishing Rigorous Compliance for Public Offers

Date: Oct 4, 2017

SEBI's Comprehensive Directions in Express Cultivation Limited Case: Establishing Rigorous Compliance for Public Offers Introduction The matter of Express Cultivation Limited (ECL) presented before...

ITAT Judgment in Oswal Spinning & Weaving Mills Ltd. v. ACIT: Interpretation of Section 32(2) for Unabsorbed Depreciation and Disallowance of Interest Claims under Section 36(1)(iii)

Date: Sep 29, 2017

ITAT Judgment in Oswal Spinning & Weaving Mills Ltd. v. ACIT: Interpretation of Section 32(2) for Unabsorbed Depreciation and Disallowance of Interest Claims under Section 36(1)(iii) 1. Introduction...

Enhancing Tax Assessment Integrity: SABH Infrastructure Ltd. v. Assistant Commissioner of Income Tax

Date: Sep 26, 2017

Enhancing Tax Assessment Integrity: SABH Infrastructure Ltd. v. Assistant Commissioner of Income Tax Introduction The case of SABH Infrastructure Ltd. v. Assistant Commissioner of Income Tax...

NCLAT Establishes Flexibility in Oppression Remedies: Cyrus Investments Pvt. Ltd. v. Tata Sons Ltd.

Date: Sep 22, 2017

NCLAT Establishes Flexibility in Oppression Remedies: Cyrus Investments Pvt. Ltd. v. Tata Sons Ltd. Introduction The case of Cyrus Investments Pvt. Ltd. & Anr. vs. Tata Sons Ltd. & Ors. (Company...

Reopening of Income Tax Assessments: Addressing Assessing Officer’s Error under Section 40(b)

Date: Sep 22, 2017

Reopening of Income Tax Assessments: Addressing Assessing Officer’s Error under Section 40(b) Introduction The case of Price Waterhouse & Co v. Assistant Commissioner Of Income Tax adjudicated by the...

Authorization Requirements in Insolvency Proceedings: Insights from Palogix Infrastructure Pvt. Ltd. vs. ICICI Bank Ltd.

Date: Sep 21, 2017

Authorization Requirements in Insolvency Proceedings: Insights from Palogix Infrastructure Pvt. Ltd. vs. ICICI Bank Ltd. Introduction The case of Palogix Infrastructure Private Limited v. ICICI Bank...

Principal Commissioner of Income-tax v. Reliance Capital Asset Management Ltd.: Clarifying Disallowance Under Section 14A and Rule 8D

Date: Sep 20, 2017

Principal Commissioner of Income-tax v. Reliance Capital Asset Management Ltd.: Clarifying Disallowance Under Section 14A and Rule 8D Introduction The case of Principal Commissioner of Income-tax –...

Condonation of Delay in Income Tax Appeals: Precedent Established in Vijay Vishin Meghani v. Deputy Commissioner of Income-tax

Date: Sep 20, 2017

Condonation of Delay in Income Tax Appeals: Precedent Established in Vijay Vishin Meghani v. Deputy Commissioner of Income-tax Introduction The case of Vijay Vishin Meghani v. Deputy Commissioner of...

Enhanced Clarity on Weighted Deductions under Section 35(1)(ii) of the Income Tax Act: Insights from Saimed Innovation v. Income Tax Officer

Date: Sep 14, 2017

Enhanced Clarity on Weighted Deductions under Section 35(1)(ii) of the Income Tax Act: Insights from Saimed Innovation v. Income Tax Officer Introduction The case of Saimed Innovation v. Income Tax...

Clarifying the Scope of Section 153A and Section 68 in Income Tax Assessments: Insights from Commissioner of Income-tax-20 v. Deepak Kumar Agarwal

Date: Sep 12, 2017

Clarifying the Scope of Section 153A and Section 68 in Income Tax Assessments: Insights from Commissioner of Income-tax-20 v. Deepak Kumar Agarwal Introduction The case of Commissioner of...

Suppression of Material Information in Insurance Claims: Insights from Sunita Goyal v. Bajaj Allianz Life Insurance Company Limited

Date: Sep 8, 2017

Suppression of Material Information in Insurance Claims: Insights from Sunita Goyal v. Bajaj Allianz Life Insurance Company Limited Introduction The case of Sunita Goyal v. Bajaj Allianz Life...

Enforcement of Credit Agreements in Consumer Banking: ICICI Bank Ltd. v. M/S. Limenaph Chemicals Pvt. Ltd.

Date: Sep 8, 2017

Enforcement of Credit Agreements in Consumer Banking: ICICI Bank Ltd. v. M/S. Limenaph Chemicals Pvt. Ltd. Introduction The case of Branch Manager, ICICI Bank Ltd. v. M/S. Limenaph Chemicals Private...

Baxter India Pvt. Ltd. v. ACIT: Establishing Rigorous Standards in Transfer Pricing Adjustments

Date: Aug 25, 2017

Baxter India Pvt. Ltd. v. ACIT: Establishing Rigorous Standards in Transfer Pricing Adjustments Introduction The case of Baxter India Pvt. Ltd. v. ACIT, Circle-4(1), New Delhi, adjudicated by the...

Enhanced Consumer Protection in Real Estate: Mandating Refunds and Compensation for Non-Compliance with PAPRA

Date: Aug 24, 2017

Enhanced Consumer Protection in Real Estate: Mandating Refunds and Compensation for Non-Compliance with PAPRA Introduction The case of Ajay Sharma v. M/s Bajwa Developers Ltd. adjudicated by the...

Establishing Corporate Guarantee Liability Under Section 7 of the Insolvency and Bankruptcy Code: Reliance Commercial Finance Ltd. v. Anil Limited

Date: Aug 24, 2017

Establishing Corporate Guarantee Liability Under Section 7 of the Insolvency and Bankruptcy Code: Reliance Commercial Finance Ltd. v. Anil Limited Introduction The case of Reliance Commercial Finance...

Individual Liability of Cooperative Society Office Bearers in Consumer Disputes: Insights from V.C. Sindhwani v. PNB Employee Co-Operative Thrift & Credit Society Ltd.

Date: Aug 17, 2017

Individual Liability of Cooperative Society Office Bearers in Consumer Disputes: Insights from V.C. Sindhwani v. PNB Employee Co-Operative Thrift & Credit Society Ltd. Introduction The legal...

MARG Limited v. Deputy Commissioner Of Income Tax: Clarifying Penalty Provisions under Section 271(1)(c)

Date: Aug 15, 2017

MARG Limited v. Deputy Commissioner Of Income Tax: Clarifying Penalty Provisions under Section 271(1)(c) Introduction The case of MARG Limited v. Deputy Commissioner Of Income Tax Company Range IV...

CESTAT Upholds Preferential Tariff Benefits for Originating Goods under AIFTA

Date: Aug 10, 2017

CESTAT Upholds Preferential Tariff Benefits for Originating Goods under AIFTA Introduction The case of Commissioner of Customs, Hyderabad v. Riddi Siddhi Bullions Ltd. deliberated on the eligibility...