Enhancing Depreciation Benefits for Integral Plant Machinery: Insights from EFACEC Switchgear India Pvt. Ltd. v. ACIT Introduction The case of Efacec Switchgear India Pvt. Ltd. v. ACIT is a...
ITA Delhi Upholds Exemption for Managerial Services and Cost Reimbursements under India-USA DTAA in Russell Reynolds Associates Inc. v. DCIT Introduction The case of Russell Reynolds Associates Inc.,...
Bonafide Mistake vs. Concealment: The Landmark Verdict in Virendra Singh Verma v. ITO Ajmer Introduction The case of Shri Virendra Singh Verma, Ajmer v. Income Tax Officer, Ward-2-1, Ajmer...
Vyona Logistics Pvt Ltd vs ITO Jaipur: Clarification on Deductibility of PF and ESI Contributions under Section 36(1)(va) and Section 43B Introduction In the landmark case of Vyona Logistics Pvt Ltd...
ITAT Mumbai Establishes Receipt Year as Key for Section 56(2)(viib) Applicability in Share Issuance 1. Introduction The case of DCIT Circle-15 (3), Mumbai v. M/s Rankin Infrastructure Pvt Ltd.,...
M/s Hotel Gaudavan Pvt. Ltd. v. CPC, Bengaluru Establishes Prospective Applicability of Section 43B Amendments Introduction The case of M/s Hotel Gaudavan Pvt. Ltd. v. CPC, Bengaluru/ACIT/DCIT,...
Enhancing Transfer Pricing Compliance: Turnover and RPT Filters in ANSR Global v. ACIT Introduction The case of ANSR Global Corporation Private Limited, Bangalore v. Assistant Commissioner Of Income...
Tribunal Clarifies Misapplication of Section 69C over Section 69B: Toffee Agricultural Farms Pvt. Ltd. v. Ito Introduction The case of Toffee Agricultural Farms Pvt. Ltd. v. Income Tax Officer (ITO)...
Welkin Telecom Infra Pvt. Ltd. v. DCIT: Reinforcing the Scrutiny of Unexplained Expenditures and the Allowability of TDS-Related Interest Introduction In the landmark case of Welkin Telecom Infra...
Recognition of ROC Fee as Revenue Expenditure under Section 37: Madhucon Toll Highways Ltd. v. Assistant Commissioner of Income Tax Introduction The case of Madhucon Toll Highways Limited, Hyderabad...
ITAT Jaipur Reinforces Boundaries of Section 263 in Respect of Limited Scrutiny Cases Under CASS Introduction The case of Shri Radha Govind Lashkari, Jaipur v. PCIT-2, Jaipur adjudicated by the...
ITAT Bangalore Reinforces Distinction Between Agricultural and Business Income in Land Transactions Introduction The case of G.N. Venugopal, Devanahalli v. Assistant Commissioner Of Income Tax,...
Tribunal Sets Precedent on Non-application of Section 68 under Presumptive Taxation: Atish Singla v. Income Tax Officer Introduction The case of Atish Singla v. Income Tax Officer, Ward - 43(7)...
Reinforcement of Satisfaction Requirements Under Section 153C: ITAT Affirms Strict Compliance Introduction The case of Assistant Commissioner Of Income Tax Circle - 2(3), Bangalore v. Shri T.H....
Tribunal Upholds Liberal Approach for Condonation of Delays in Tax Appeals 1. Introduction The case of Sri Suhas Suresh Shet v. Income Tax Officer adjudicated by the Income Tax Appellate Tribunal...
Deletion of Penalty Under Section 271(1)(b) Due to Non-Effective Notice Serving: Asha Yadav v. ITO Introduction The case of Asha Yadav v. ITO, Ward-1(3), Jaipur adjudicated by the Income Tax...
Clarifying Fees for Technical Services under India-USA DTAA: Everest Global Inc. v. DDIT Introduction Everest Global Inc., New Delhi v. DDIT, New Delhi is a pivotal judgment delivered by the Income...
Income Tax Appellate Tribunal Upholds Eligibility of Cooperative Housing Societies for Section 80P(2)(d) Deductions on Interest from Cooperative Banks Introduction The case of Mystique Rose...
Ad-Hoc Disallowance of Expenses: A Landmark Judgment by ITAT Raipur Introduction The case of M/S Sunita Finlease Limited vs. Income Tax Officer, Ward-2(2), Raipur adjudicated by the Income Tax...
Clarifying Taxability of Management and Labour Charges under India-USA DTAA: Everest Global Inc. v. DDIT Introduction The case of Everest Global Inc. v. Deputy Director Of Income Tax adjudicated by...