Section 263 Jurisdiction Clarified in Balvinder Singh vs. Pr, CIT Rohtak Introduction The case of Balvinder Singh, Haryana v. Pr, CIT, Rohtak, adjudicated by the Income Tax Appellate Tribunal (ITAT),...
Sun Pharmaceuticals v. DCIT: Corporate Guarantees Classified as International Transactions Under Transfer Pricing Regulations Introduction In the case of Sun Pharmaceuticals Industries Ltd. vs....
De Novo Benchmarking Mandated for Transfer Pricing Adjustments in International Banking Transactions Introduction The judgment in DCIT (IT) 3(2)(2), Mumbai v. Mizuho Corporate Bank Maker, Mumbai,...
ITAT Chennai Upholds Finality of Settlements Under Direct Tax Vivad Se Vishwas Act, 2020 Introduction The case of Sol India Private Limited, Chennai v. Principal Commissioner of Income Tax, Chennai-3...
Inclusion of Corporate Guarantees as International Transactions under Section 92B: ITAT Ahmedabad's Comprehensive Ruling in M/s Adani Enterprises Ltd. v. DCIT Introduction The case of M/s Adani...
Tax Imposition on Conditional Consideration in Slump Sales: ITAT's Ruling in ACIT v. M/s. Bhoruka Aluminium Limited Introduction The case of The Assistant Commissioner Of Income Tax, Circle-1(1),...
Clarification on the Proper Invocation of Section 263: Affirms AO's Discretion in Conducting Adequate Enquiries Introduction The case of M/s Chambal Alums Private Limited, Kota v. Pr. Commission of...
Clarifying the Scope of Section 263: Adequate Inquiry and Prejudice to Revenue in Income Tax Assessments Introduction The case of M/s. Rishi Kiran Logistics Private Limited vs. The Principal...
Acceptance of Past Withdrawals as Legitimate Sources for Deposits: Analysis of Sri Girigowda Dasegowda vs. ITO Introduction The case of Sri Girigowda Dasegowda vs. The Income Tax Officer adjudicated...
Reinforcement of Natural Justice in Tax Assessments: ITAT Bathinda Decision Introduction The case of Sh. Jagsir Singh S/o. Sh. Sukhmander Singh, Bathinda v. Income Tax Officer Ward-2(1), Bathinda...
Limits of Revisional Jurisdiction under Section 263 in Limited Scrutiny Cases Aryadeep Complex Pvt. Ltd. vs. Pr. Commissioner of Income Tax, Bilaspur Introduction The case of Aryadeep Complex Pvt....
Depreciation of Brand Value in Corporate Succession: V.V.Vanniaperumal & Sons vs. PCIT-2, Chennai Introduction The case of M/s. V.V.Vanniaperumal & Sons, Virudhunagar v. PCIT-2, Chennai adjudicated...
Shri. Kola Venkat Rama Naidu v. The Commissioner Of Income Tax (Appeals): A Landmark Judgment on Deemed Transfer and Capital Gains Introduction The case of Shri. Kola Venkat Rama Naidu v. The...
ITAT Mumbai Establishes Clear Distinction in R&D Expenditure Treatment under Section 35(2AB) Introduction The case of M/S Centaur Pharmaceuticals Pvt Ltd, Mumbai v. ITO 14(1)(3), Mumbai, adjudicated...
Tax Exemption on Compensation under RFCTLARR Act: Insights from ITO Ward-4(5), Patna v. Suresh Prasad Introduction The case of ITO, Ward-4(5), Patna v. Suresh Prasad revolves around the tax...
ITAT Mumbai Upholds Legitimacy of Option Agreements: Protecting Real Estate Transactions from Sham Assertions Introduction The case of K Raheja Pvt. Ltd, Mumbai v. DCIT Central Circle-4(2), Mumbai...
Section 56(2)(viia) Not Applicable to Buyback of Own Shares: VITP Pvt Ltd vs. DCIT Introduction The case of VITP Private Limited vs. Deputy Commissioner of Income Tax, Circle-17(2), Hyderabad...
Kavitaben Patel v. ITO: Clarifying Unexplained Cash Deposits Under Section 69A Introduction The case of Kavitaben Chintanbhai Patel v. The Income Tax Officer (ITO), Ward-5(2)(3), Ahmedabad...
Non-Retrospective Nature of Section 14A Amendments Affirmed: Babul Fiscal Services Pvt. Ltd. vs. ACIT, Kolkata 1. Introduction The case of Babul Fiscal Services Private Limited, Kolkata v. Assistant...
Clarifying the Applicability of Section 14A: Disallowance Not Applicable Without Exempt Income Introduction The case of ACIT, Circle-11(2), New Delhi v. Hindustan EPC Company Ltd., New Delhi...