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All Tribunals Case Commentaries

ITA Birla Corporation Ltd. v. DCIT, Kolkata: Insights into Deductibility of Education Cess and Treatment of Industrial Incentives under the Income Tax Act

ITA Birla Corporation Ltd. v. DCIT, Kolkata: Insights into Deductibility of Education Cess and Treatment of Industrial Incentives under the Income Tax Act

Date: Nov 1, 2022
ITA Birla Corporation Ltd. v. DCIT, Kolkata: Insights into Deductibility of Education Cess and Treatment of Industrial Incentives under the Income Tax Act Introduction The case of Birla Corporation...
Deferred Recovery of Fixed Charges for Industrial Consumers During COVID-19: Analysis of Steel City Furnace Association v. Punjab State Electricity Regulatory Commission

Deferred Recovery of Fixed Charges for Industrial Consumers During COVID-19: Analysis of Steel City Furnace Association v. Punjab State Electricity Regulatory Commission

Date: Nov 1, 2022
Deferred Recovery of Fixed Charges for Industrial Consumers During COVID-19: Analysis of Steel City Furnace Association v. Punjab State Electricity Regulatory Commission Introduction The Steel City...
Khushi Infraprojects Pvt. Ltd. v. ITO: Reinforcing the Burden of Proof under Section 68 of the Income Tax Act

Khushi Infraprojects Pvt. Ltd. v. ITO: Reinforcing the Burden of Proof under Section 68 of the Income Tax Act

Date: Nov 1, 2022
Khushi Infraprojects Pvt. Ltd. v. ITO: Reinforcing the Burden of Proof under Section 68 of the Income Tax Act Introduction The case of Khushi Infraprojects Pvt. Ltd. v. ITO, Ward-4(4), Kolkata...
ITAT Rajkot Establishes Precedent on Section 80P Deduction Despite Late Filing under Section 139(4)

ITAT Rajkot Establishes Precedent on Section 80P Deduction Despite Late Filing under Section 139(4)

Date: Nov 1, 2022
ITAT Rajkot Establishes Precedent on Section 80P Deduction Despite Late Filing under Section 139(4) Introduction The case of Medi Seva Sahakari Mandali Ltd., Medi, Dist. Amreli v. The ADIT (CPC),...
Acceptance of Genuine Business Loss in Share Trading Against Presumptions of Sham Transactions: AIAT Ahmedabad's Landmark Decision

Acceptance of Genuine Business Loss in Share Trading Against Presumptions of Sham Transactions: AIAT Ahmedabad's Landmark Decision

Date: Oct 29, 2022
Acceptance of Genuine Business Loss in Share Trading Against Presumptions of Sham Transactions: AIAT Ahmedabad's Landmark Decision Introduction In the case of Genuine Finance Pvt. Ltd., Ahmedabad v....
Non-Liability of Technology Providers as E-Commerce Operators under GST: Multi-Verse Technologies Case

Non-Liability of Technology Providers as E-Commerce Operators under GST: Multi-Verse Technologies Case

Date: Oct 28, 2022
Non-Liability of Technology Providers as E-Commerce Operators under GST: Multi-Verse Technologies Case Introduction The Authority for Advance Rulings (AAR) rendered a pivotal judgment on October 27,...
Unfair Trade Practices and Deficiency in Service in Real Estate: Insights from Suncity Projects Pvt. Ltd. v. Sandeep Kumar Goel

Unfair Trade Practices and Deficiency in Service in Real Estate: Insights from Suncity Projects Pvt. Ltd. v. Sandeep Kumar Goel

Date: Oct 27, 2022
Unfair Trade Practices and Deficiency in Service in Real Estate: Insights from Suncity Projects Pvt. Ltd. v. Sandeep Kumar Goel Introduction The case of Suncity Projects Pvt. Ltd. & Ors. v. Sandeep...
Inclusion of All Charges in Determining Arm’s Length Price (ALP) for Captive Power Plants: Sree Rayalaseema Hi Strength Hypo Ltd v. DCIT

Inclusion of All Charges in Determining Arm’s Length Price (ALP) for Captive Power Plants: Sree Rayalaseema Hi Strength Hypo Ltd v. DCIT

Date: Oct 27, 2022
Inclusion of All Charges in Determining Arm’s Length Price (ALP) for Captive Power Plants: Sree Rayalaseema Hi Strength Hypo Ltd v. DCIT Introduction The case of Sree Rayalaseema Hi Strength Hypo...
CERC Establishes Comprehensive Framework for Transmission Tariff Truing-Up and Capital Cost Reimbursement

CERC Establishes Comprehensive Framework for Transmission Tariff Truing-Up and Capital Cost Reimbursement

Date: Oct 26, 2022
CERC Establishes Comprehensive Framework for Transmission Tariff Truing-Up and Capital Cost Reimbursement Introduction The Central Electricity Regulatory Commission (CERC) delivered a pivotal...
Recognition of Leasehold Rights as Intangible Assets under Insolvency and Bankruptcy Code: NCLAT's Landmark Decision in New Okhla Industrial Development Authority v. Amit Agarwal

Recognition of Leasehold Rights as Intangible Assets under Insolvency and Bankruptcy Code: NCLAT's Landmark Decision in New Okhla Industrial Development Authority v. Amit Agarwal

Date: Oct 22, 2022
Recognition of Leasehold Rights as Intangible Assets under Insolvency and Bankruptcy Code: NCLAT's Landmark Decision in New Okhla Industrial Development Authority v. Amit Agarwal Introduction The...
SEBI v. The Bombay Dyeing and Manufacturing Company Ltd.: Precedent on Financial Misrepresentation and Related Party Transactions

SEBI v. The Bombay Dyeing and Manufacturing Company Ltd.: Precedent on Financial Misrepresentation and Related Party Transactions

Date: Oct 22, 2022
SEBI v. The Bombay Dyeing and Manufacturing Company Ltd.: Precedent on Financial Misrepresentation and Related Party Transactions Introduction The Securities and Exchange Board of India (SEBI)...
ITA Reverses Section 68 Addition on Proven Genuine Share Capital Transactions

ITA Reverses Section 68 Addition on Proven Genuine Share Capital Transactions

Date: Oct 22, 2022
ITA Reverses Section 68 Addition on Proven Genuine Share Capital Transactions Introduction The case of M/s Lalbaba Seamless Tubes Pvt. Limited vs. DCIT, Circle - 3(1), Kolkata adjudicated by the...
Concor Air Limited v. MR Ashish Chhawchharia: Reinforcing Protections for Workmen's Provident and Gratuity Funds Under IBC

Concor Air Limited v. MR Ashish Chhawchharia: Reinforcing Protections for Workmen's Provident and Gratuity Funds Under IBC

Date: Oct 22, 2022
Concor Air Limited v. MR Ashish Chhawchharia: Reinforcing Protections for Workmen's Provident and Gratuity Funds Under IBC Introduction The case of Concor Air Limited v. MR Ashish Chhawchharia...
ITA Mumbai Requires Detailed Validation for Transfer Pricing Adjustments in Intra-Group Services and Royalty Payments

ITA Mumbai Requires Detailed Validation for Transfer Pricing Adjustments in Intra-Group Services and Royalty Payments

Date: Oct 21, 2022
ITA Mumbai Requires Detailed Validation for Transfer Pricing Adjustments in Intra-Group Services and Royalty Payments Introduction The case of Ingredion India Pvt. Ltd. v. Income Tax Officer (ITA No....
Comprehensive Commentary on Power Grid Corporation of India Limited Judgment

Comprehensive Commentary on Power Grid Corporation of India Limited Judgment

Date: Oct 21, 2022
Determination of Transmission Tariff for Power Grid Corporation of India Limited: A Landmark Judgment Introduction The case of Power Grid Corporation of India Limited vs. Central Electricity...
Tribunal Recognizes Eligibility of Interest Income from Co-operative Banks under Section 80P(2)(d) for Co-operative Credit Societies

Tribunal Recognizes Eligibility of Interest Income from Co-operative Banks under Section 80P(2)(d) for Co-operative Credit Societies

Date: Oct 20, 2022
Tribunal Recognizes Eligibility of Interest Income from Co-operative Banks under Section 80P(2)(d) for Co-operative Credit Societies Introduction The case of M/s. Bhavasar Kshatriya Co-Operative...
Burden of Proof under Section 68 Reinforced: ITAT Holds Share Premium Explained Legitimately Dissolves Additions

Burden of Proof under Section 68 Reinforced: ITAT Holds Share Premium Explained Legitimately Dissolves Additions

Date: Oct 20, 2022
Burden of Proof under Section 68 Reinforced: ITAT Holds Share Premium Explained Legitimately Dissolves Additions Introduction The case of ITO, Ward-7(1), Kolkata v. M/s Anvil Electricals Pvt. Limited...
Clarifying Valuation Standards under Section 56(2)(viib): Insights from S.A. Metro Plots Pvt. Ltd. vs ITO

Clarifying Valuation Standards under Section 56(2)(viib): Insights from S.A. Metro Plots Pvt. Ltd. vs ITO

Date: Oct 20, 2022
Clarifying Valuation Standards under Section 56(2)(viib): Insights from S.A. Metro Plots Pvt. Ltd. vs ITO Introduction The case of S.A. Metro Plots Pvt. Ltd. v. Income Tax Officer (ITO), Corporate...
Daksh Kakran v. Delhi Police: Establishing the Necessity of Knowledge for Concealment Allegations in Employment Terminations

Daksh Kakran v. Delhi Police: Establishing the Necessity of Knowledge for Concealment Allegations in Employment Terminations

Date: Oct 19, 2022
Daksh Kakran v. Delhi Police: Establishing the Necessity of Knowledge for Concealment Allegations in Employment Terminations Introduction The case of Daksh Kakran v. Delhi Police adjudicated by the...
Appellate Tribunal Affirms Generator's Entitlement to Interest on Delayed Payments under Revised Tariff Orders

Appellate Tribunal Affirms Generator's Entitlement to Interest on Delayed Payments under Revised Tariff Orders

Date: Oct 19, 2022
Appellate Tribunal Affirms Generator's Entitlement to Interest on Delayed Payments under Revised Tariff Orders Introduction The case of Koppal Green Power Limited v. Gulbarga Electricity Supply...
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