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Income Tax Appellate Tribunal Case Commentaries

Strict Compliance with Form 10B Filing Deadlines Affirmed for Section 11 Exemption: Insights from ITAT Raipur's Decision in Shri Jain Shwetamber Murtipujak Sangh v. Income Tax Officer

Strict Compliance with Form 10B Filing Deadlines Affirmed for Section 11 Exemption: Insights from ITAT Raipur's Decision in Shri Jain Shwetamber Murtipujak Sangh v. Income Tax Officer

Date: May 23, 2023
Strict Compliance with Form 10B Filing Deadlines Affirmed for Section 11 Exemption: Insights from ITAT Raipur's Decision in Shri Jain Shwetamber Murtipujak Sangh v. Income Tax Officer Introduction...
Income Tax Appellate Tribunal's Landmark Ruling on Unexplained Share Capital - M/s Mahalakshmi Vinimay (P) Ltd. v. I.T.O., Ward-4(2), Kolkata

Income Tax Appellate Tribunal's Landmark Ruling on Unexplained Share Capital - M/s Mahalakshmi Vinimay (P) Ltd. v. I.T.O., Ward-4(2), Kolkata

Date: May 19, 2023
Income Tax Appellate Tribunal's Landmark Ruling on Unexplained Share Capital 1. Introduction The case of M/s Mahalakshmi Vinimay (P) Ltd., Kolkata v. I.T.O., Ward-4(2), Kolkata is a significant...
Supreme Court Upholds Strict Compliance on Employee Contribution Deposits under Section 36(1)(va): AITA Tribunal Decision in Siddhi Vinayaka Graphics Pvt. Ltd. v. ADIT

Supreme Court Upholds Strict Compliance on Employee Contribution Deposits under Section 36(1)(va): AITA Tribunal Decision in Siddhi Vinayaka Graphics Pvt. Ltd. v. ADIT

Date: May 17, 2023
Supreme Court Upholds Strict Compliance on Employee Contribution Deposits under Section 36(1)(va): AITA Tribunal Decision in Siddhi Vinayaka Graphics Pvt. Ltd. v. ADIT Introduction The case of Siddhi...
Supreme Court Affirmation on Disallowance of Late Employee Contributions under Section 36(1)(va)

Supreme Court Affirmation on Disallowance of Late Employee Contributions under Section 36(1)(va)

Date: May 16, 2023
Supreme Court Affirmation on Disallowance of Late Employee Contributions under Section 36(1)(va) Introduction The case Nepal Chandra Dey vs. Assistant/Deputy Commissioner of Income Tax (ITA...
Acceptance of Discounted Cash Flow (DCF) Method for Valuation of Unquoted Shares Under Rule 11UA(2)(b): ACIT Circle-10(1) v. Gamma Pizzakraft

Acceptance of Discounted Cash Flow (DCF) Method for Valuation of Unquoted Shares Under Rule 11UA(2)(b): ACIT Circle-10(1) v. Gamma Pizzakraft

Date: May 13, 2023
Acceptance of Discounted Cash Flow (DCF) Method for Valuation of Unquoted Shares Under Rule 11UA(2)(b): ACIT Circle-10(1) v. Gamma Pizzakraft Introduction Overview of the Case The case of ACIT...
Comprehensive Commentary on Oberoi Spring Co-operative Housing Society Limited v. ITO-24(3)(1), Mumbai

Comprehensive Commentary on Oberoi Spring Co-operative Housing Society Limited v. ITO-24(3)(1), Mumbai

Date: May 9, 2023
Comprehensive Commentary on Oberoi Spring Co-operative Housing Society Limited v. ITO-24(3)(1), Mumbai Introduction The case of Oberoi Spring Co-operative Housing Society Limited versus ITO-24(3)(1),...
Assessment Procedures Post-Amalgamation: Insights from DCIT vs. BJN Holdings Ltd.

Assessment Procedures Post-Amalgamation: Insights from DCIT vs. BJN Holdings Ltd.

Date: Apr 29, 2023
Assessment Procedures Post-Amalgamation: Insights from DCIT vs. BJN Holdings Ltd. Introduction The case of DCIT, Central Circle-8, New Delhi vs. BJN Holdings Ltd. (dissolved company through its...
Partial Affirmation and Remand in ITO-3(2), Indore v. M/s. Simran Developers: Implications for Section 40A(3) and Expense Disallowance

Partial Affirmation and Remand in ITO-3(2), Indore v. M/s. Simran Developers: Implications for Section 40A(3) and Expense Disallowance

Date: Apr 19, 2023
Partial Affirmation and Remand in ITO-3(2), Indore v. M/s. Simran Developers: Implications for Section 40A(3) and Expense Disallowance Introduction The case of ITO-3(2), Indore v. M/s. Simran...
Strict Compliance with Limitation Periods in Income Tax Assessments: Insights from Assistant Commissioner of Income Tax v. Essel Corporate Resources Pvt. Ltd.

Strict Compliance with Limitation Periods in Income Tax Assessments: Insights from Assistant Commissioner of Income Tax v. Essel Corporate Resources Pvt. Ltd.

Date: Apr 18, 2023
Strict Compliance with Limitation Periods in Income Tax Assessments: Insights from Assistant Commissioner of Income Tax v. Essel Corporate Resources Pvt. Ltd. Introduction The case of Assistant...
Validating Transactions Based on Executed Agreements: Insights from Deputy Commissioner of Income Tax Central Circle-1, Jalandhar v. Shri Jatinder Singh Bedi

Validating Transactions Based on Executed Agreements: Insights from Deputy Commissioner of Income Tax Central Circle-1, Jalandhar v. Shri Jatinder Singh Bedi

Date: Apr 12, 2023
Validating Transactions Based on Executed Agreements: Insights from Deputy Commissioner of Income Tax Central Circle-1, Jalandhar v. Shri Jatinder Singh Bedi Introduction The case of Deputy...
Assessment of Excess Stock as Business Income vs. Unexplained Investment: A Landmark Judgment

Assessment of Excess Stock as Business Income vs. Unexplained Investment: A Landmark Judgment

Date: Apr 6, 2023
Assessment of Excess Stock as Business Income vs. Unexplained Investment: A Landmark Judgment Introduction This commentary analyzes the significant judgment delivered by the Income Tax Appellate...
Condonation of Appeal Delay and Treatment of Agricultural Income in Income Tax Assessments

Condonation of Appeal Delay and Treatment of Agricultural Income in Income Tax Assessments

Date: Apr 1, 2023
Condonation of Appeal Delay and Treatment of Agricultural Income in Income Tax Assessments Introduction The case of Sureshbhai Sukhabhai Mistry vs. Income Tax Officer, Ward-5, Navsari adjudicated by...
ITA Indore Establishes Precedent on Validity of Related Party Loans and Excessive Interest Disallowance under Section 40A(2)(b)

ITA Indore Establishes Precedent on Validity of Related Party Loans and Excessive Interest Disallowance under Section 40A(2)(b)

Date: Mar 31, 2023
ITA Indore Establishes Precedent on Validity of Related Party Loans and Excessive Interest Disallowance under Section 40A(2)(b) Introduction In the landmark case of ACIT Central-2, Indore v. Sarthak...
Interpretation of Section 12A(1)(ba) in Tax Exemption Claims: HM V Educational Cultural & Social Trust v. ITO

Interpretation of Section 12A(1)(ba) in Tax Exemption Claims: HM V Educational Cultural & Social Trust v. ITO

Date: Mar 24, 2023
Interpretation of Section 12A(1)(ba) in Tax Exemption Claims: HM V Educational Cultural & Social Trust v. ITO Introduction The case of M/s. H M V Educational Cultural & Social Trust, Bangalore v. The...
ITAT Amritsar Rules Section 263 Provisions of Finance Act 2015 Non-Applicable Retrospectively for AY 2011-12

ITAT Amritsar Rules Section 263 Provisions of Finance Act 2015 Non-Applicable Retrospectively for AY 2011-12

Date: Mar 23, 2023
ITAT Amritsar Rules Section 263 Provisions of Finance Act 2015 Non-Applicable Retrospectively for AY 2011-12 Introduction The case of SMT. RAJINDER KAUR, HOSHIARPUR v. INCOME TAX OFFICER WARD DASUYA...
Strict Enforcement of Timely PF/ESI Contributions under Section 36(1)(va): Insights from Sudhakar Rao Dondapati v. ITO, Hyderabad

Strict Enforcement of Timely PF/ESI Contributions under Section 36(1)(va): Insights from Sudhakar Rao Dondapati v. ITO, Hyderabad

Date: Mar 22, 2023
Strict Enforcement of Timely PF/ESI Contributions under Section 36(1)(va): Insights from Sudhakar Rao Dondapati v. ITO, Ward-13(3), Hyderabad 1. Introduction The case of Sudhakar Rao Dondapati v....
ITAT Pune Clarifies Defective Returns under Section 139(9) and Implications for Section 234A Interest

ITAT Pune Clarifies Defective Returns under Section 139(9) and Implications for Section 234A Interest

Date: Mar 21, 2023
ITAT Pune Clarifies Defective Returns under Section 139(9) and Implications for Section 234A Interest Introduction In the case of Sawari Sameer Shinde vs. Income-Tax Officer, Ward 7(3), Pune,...
Independent Verification Mandated for Reopening Assessments Under Section 147: ITAT Rules in Favor of Smt. Anju Jindal

Independent Verification Mandated for Reopening Assessments Under Section 147: ITAT Rules in Favor of Smt. Anju Jindal

Date: Mar 18, 2023
Independent Verification Mandated for Reopening Assessments Under Section 147: ITAT Rules in Favor of Smt. Anju Jindal Introduction The case of Smt. Anju Jindal, Ludhiana v. ACIT, C-2, Ludhiana...
Strict Adherence to Due Dates Under Relevant Acts for Section 36(1)(va) Deductions: Incedo Technology Solutions Ltd. v. DCIT Circle-10(1), Delhi

Strict Adherence to Due Dates Under Relevant Acts for Section 36(1)(va) Deductions: Incedo Technology Solutions Ltd. v. DCIT Circle-10(1), Delhi

Date: Mar 17, 2023
Strict Adherence to Due Dates Under Relevant Acts for Section 36(1)(va) Deductions: Incedo Technology Solutions Ltd. v. DCIT Circle-10(1), Delhi Introduction The case of Incedo Technology Solutions...
Affirmation of Assessing Officer’s TDS and CSR Deductions: Insights from HSBC Professional Services v. Pr. CIT Mumbai

Affirmation of Assessing Officer’s TDS and CSR Deductions: Insights from HSBC Professional Services v. Pr. CIT Mumbai

Date: Mar 17, 2023
Affirmation of Assessing Officer’s TDS and CSR Deductions: Insights from HSBC Professional Services v. Pr. CIT Mumbai Introduction The case of HSBC Professional Services (India) Pvt. Ltd, Mumbai v....
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