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Tribunal Upholds FTC Rights Despite Delayed Filing of Form 67 in Accordance with DTAA Introduction The case of Shashidhar Seetharam Sharma v. Assistant Director of Income Tax Officer, CPC, Bangalore...
Limitations on CIT’s Application of Section 263 in Limited Scrutiny Cases Introduction The case of Shree Aniruddha Upasana Foundation, Mumbai v. CIT (Exemption), Mumbai adjudicated by the Income Tax...
Supreme Court's Landmark Ruling on Insider Trading: SEBI v. Abhijit Rajan Introduction The Supreme Court of India's decision in SEBI v. Abhijit Rajan (Civil Appeal No. 563 of 2020) marks a...
Recovery of Debts Under Section 19(1) RODBA 1993: Punjab National Bank v. Shri Praveen Kumar 1. Introduction The case of Punjab National Bank (PNB) v. Shri Praveen Kumar was adjudicated by the Debts...
Tax Implications on ULIP Charges: ICICI Prudential Life Insurance Co Ltd vs. Commissioner of Central Excise Introduction The case of ICICI Prudential Life Insurance Co Ltd vs. Commissioner of Central...
Distribution of Resolution Plan Proceeds to Dissenting Financial Creditors Based on Voting Share under IBC: Insights from SIDBI v. Vivek Raheja Resolution Professional M/s Gupta Exim Pvt. Ltd....
ITAT Jaipur Upholds Foreign Tax Credit Rights Despite Procedural Non-Compliance Introduction The case of Ritesh Kumar Garg v. ITO, Wd 4(2), Jaipur addresses the contentious issue of the disallowance...
Tráfico India Pvt. Ltd. v. TDT Copper Ltd: IBC's Operational Debt Scope Excludes Settlement Agreements 1. Introduction The case of Tráfico India Private Limited v. TDT Copper Limited adjudicated by...
NRDC Confirms Consumer Rights Against Builders for Unreasonable Delays and Upholds 12% Interest Compensation Introduction The case of M/S. Country Colonizers Pvt. Ltd. v. Satish Sharma & Anr. was...
Disclaimer: This commentary is for informational purposes only and does not constitute legal advice. Consult a qualified legal professional for advice regarding specific legal issues. P M Cold...
Expansion of Section 10AA: Recognizing Trading Activities within SEZs for Tax Exemption Introduction The case of Rialto Exim, Mumbai v. ITO 14(3)(4), Mumbai adjudicated by the Income Tax Appellate...
Void Assessment Orders on Merged Entities: Biocon Biologics Limited v. Deputy Commissioner of Income Tax Introduction The case of Biocon Biologics Limited (formerly known as Biocon Biologics India...
Functional Comparability and Capital Expenditure Treatment in Transfer Pricing: Insights from Levi Strauss (India) Pvt. Ltd. v. Income Tax Officer Introduction The case of Levi Strauss (India)...
Reinforcing Environmental Accountability: NGT's Landmark Direction in Meera Shukla v. Municipal Corporation, Gorakhpur Introduction The case of Meera Shukla Applicant v. Municipal Corporation,...
Capital vs. Revenue Receipts: Landmark Judgment in M/s. Insecticides (India) Ltd. v. DCIT Introduction The case of M/s. Insecticides (India) Ltd., New Delhi v. DCIT, New Delhi deliberated on the...
Tribunal Upholds Bank's Right to Recover Multiple Loan Facilities and Enforce Collateral Security: PNB v. Smt. Asha Devi Introduction The case of Punjab National Bank (PNB) vs. Smt. Asha Devi &...
Limitations on Jurisdictional AO’s Power to Modify Final Assessments and Strict Interpretation of Section 14A Disallowances Introduction The case of Toyota Tsusho India Private Limited, Ramanagara v....
Double Addition of Share Capital Under Sections 68 and 69A: Insights from Steelex India (P) Ltd. v. ITO, Ward-3(2), Kolkata Introduction The case of Steelex India (P) Ltd. v. I.T.O., Ward-3(2),...
Palm Court M Premises Co-operative Society Ltd. v. Principal Commissioner of Income Tax-30: Affirming Deduction Under Section 80P(2)(d) Introduction The case of Palm Court M Premises Co-operative...
Tribunal’s Ruling on Timely Filing for Tax Exemption: Insights from Durg Education and Charitable Society v. CIT, Bhopal Introduction In the case of M/s Durg Education and Charitable Society,...