Clarification on Section 80IC Deduction Eligibility for PET and HDPE Manufacturing Units Introduction The case of M/s. Vimoni India Pvt. Ltd., New Delhi v. DCIT, New Delhi adjudicated by the Income...
Strict Interpretation of Section 80IB(10) for Deductions in Residential Projects: Tribunal’s Stance in Jay Kesar Bhavani Developers Case Introduction The case of M/s. Jay Kesar Bhavani Developers...
Assessment of Share Premium Valuation under Section 56(2)(viib): Insights from Dayalu Iron & Steel Pvt. Ltd. v. CIT Introduction The case of Dayalu Iron & Steel Pvt. Ltd. v. CIT (ITA Nos....
Impact of Limitation Period on Transfer Pricing Orders: Insights from Sigma Aldrich Chemicals Pvt. Ltd. v. DCIT, Bangalore Introduction The case of Sigma Aldrich Chemicals Private Limited, Bangalore...
ITAT Upholds Validity of Reassessment under Section 147: A Comprehensive Analysis of Shiv Raj Singh vs. ITO, Bathinda Introduction The case of Shri Shiv Raj Singh versus the Income Tax Officer (ITO),...
Classification of Renewable Energy Certificates as Capital Receipts: Insights from DWARIKESH SUGAR INDUSTRIES LTD v. Assessing Officer Introduction The case of DWARIKESH SUGAR INDUSTRIES LTD, Mumbai...
ITA Delhi Tribunal Reinforces Non-Taxability of Software Sales and Cloud Services as Royalty under India-USA DTAA Introduction The Income Tax Appellate Tribunal (ITAT) Delhi Bench, in its judgment...
ITAT Kolkata's Ruling on Section 56(2)(viib): Valuation and Applicability in CCD to Equity Conversions Introduction The case of Milk Mantra Dairy Pvt. Ltd. v. Deputy Commissioner of Income-tax,...
Strict Interpretation of Section 144C: No Variation in Returned Income, No Extension – Worldpart Limited vs DCIT International Taxation Introduction The case of Worldpart Limited vs. DCIT...
Judicial Relaxation on Form 10 Filing for Charitable Trusts: Uttrakhand Shiksha Bharti Society v. ITO (Exemptions), Dehradun Introduction The case of Uttrakhand Shiksha Bharti Society v. The Income...
SanDisk India Device Design Centre Pvt. Ltd. v. Joint Commissioner of Income Tax: Landmark Transfer Pricing Ruling Introduction The case of SanDisk India Device Design Centre Private Limited v. Joint...
ITA Affirms Allowance of Commission Expenses and Rejects Deemed Dividends in Shree Durga Syntex Pvt Ltd Case Introduction In the landmark case of Shree Durga Syntex Private Limited, Surat vs. ACIT,...
Comprehensive Commentary on ITAT Judgment in Texas Instruments (India) Pvt. Ltd. v. Additional Commissioner of Income Tax LTU, Bangalore Introduction The case of Texas Instruments (India) Private...
Income Tax Appellate Tribunal Clarifies Mutuality Principle for Co-operative Societies under Section 80P: Varathappam Palayam v. ITO Introduction The case of Varathappam Palayam Primary Agricultural...
ITA Mumbai Establishes 10% Tolerance for Section 43CA Additions in Property Transactions 1. Introduction The case of Shri Harish H Gandhi vs. ACIT (ITA No.1244/Mum/2019 & ITA No.2603/Mum/2019)...
TNMM Recognized as Appropriate Method for Determining Arm's Length Price in Brokerage Services: Insight from CLSA India Ltd v. DCIT CIR 4(1), Mumbai Introduction The case of CLSA India Ltd. v. Deputy...
Depreciation on Goodwill Acquired via Slump Sale: AVIS Hospitals India Ltd. v. ACIT Introduction The case of AVIS Hospitals India Limited, Hyderabad v. Asst. Commissioner of Income Tax, Circle-1(1),...
ITA Ward-50(1) Kolkata v. Senco Alankar: Upholding Evidentiary Standards Under Section 69A Introduction The case of Income Tax Appellate Tribunal (ITA) Ward-50(1) Kolkata v. Senco Alankar revolves...
Trivitron Healthcare Pvt. Ltd. v. PCIT, Chennai: Landmark Ruling on Depreciation of Goodwill Post-Amalgamation Introduction The case of Trivitron Healthcare Pvt. Ltd. v. Principal Commissioner of...
Condonation of Delay in Filing Form No.10 for Section 11(2) Deductions – Precedent Set in Shree Harsaniji Public Charitable Trust v. ITO Introduction The case of Shree Harsaniji Public Charitable...