Independent Reasoning Essential in Reopening Assessments under Sections 147/148: Insights from Udesh Sharma vs. ITO Introduction The case of Udesh Sharma vs. Income Tax Officer (ITO), Ward-2(1),...
Eligibility of Interest Income under Section 80P(2)(d) for Co-operative Societies: Insights from SONMARG CO-OP HOUSING SOCIETY LTD. v. CIT (A) FACELESS APPEAL CENTRE, MUMBAI Introduction The case of...
Invalidation of Penalty Notices Under Section 271AAB: Insights from M/s. Vijayshree Autocom Ltd., Kolkata v. DCIT, Central Circle - 4(3) Introduction The case of M/s. Vijayshree Autocom Ltd., Kolkata...
ITA Appellate Tribunal Sets Precedent on Additions Under Sections 69A & 69B: Charu Aggarwal v. DCIT-CC Introduction The case of Smt. Charu Aggarwal, Patiala v. DCIT-CC, Patiala addressed significant...
ITAT Rajkot Upholds Higher Depreciation Rates for Transport Vehicles in Mining and Transportation Contracts Introduction The case of The Assistant Commissioner of Income Tax, Gandhidham Circle v. M/s...
Income Tax Appellate Tribunal Rules Out TDS on Interest from Enhanced Compensation under Section 28 of the Land Acquisition Act Introduction The case of Land Acquisition Office (LAO) vs. DCIT...
ITA Appellate Tribunal Upholds Prudent Depreciation Claims Assessment in Reliance Payment Solutions Ltd v. PR. CIT-8, Mumbai Introduction The case of Reliance Payment Solutions Limited v. Principal...
ACIT v. M/s Kraft Laminate: Onus of Proof Under Section 68 and Compliance with Section 40A(3) Introduction The case of Assistant Commissioner of Income Tax (Circle-3(2), Ahmedabad) versus M/s Kraft...
ITAT Indore Ruling on Unexplained Cash Credits Sets New Precedent for Evaluating Unsecured Loans Introduction The case Shri Sanjay Shukla, Indore v. ACIT, Central Circle-2, Indore adjudicated by the...
Clarification on Rectification under Section 154 for Section 40A(3) Disallowance: Shiv Shakti Traders v. ACIT Introduction The case of Shiv Shakti Traders, Ghaziabad v. ACIT, Circle-2, Ghaziabad was...
Income Tax Appellate Tribunal Upholds No Addition Under Section 68 for Repaid Unsecured Loans: Analysis of Rajhans Construction Pvt. Ltd. Case Introduction The case of M/s. Rajhans Construction Pvt....
Limits of Revisional Jurisdiction under Section 263 Income Tax Act: Insights from M/s Arman Advisory Pvt. Ltd. vs. Pr. CIT-4, Kolkata Introduction The case of M/s Arman Advisory Pvt. Ltd., Kolkata v....
ITA Delhi Validates Timely PF/ESI Deposits Prior to Filing for Allowable Deductions under Section 36(1)(va) 1. Introduction The case of Punjab Bevel Gears Limited, Delhi v. DCIT, CPC, Bangalore...
New Precedent on Section 14A and Rule 8D Disallowances: HT Media Ltd. v. CIT Range-4 Introduction The case of HT Media Ltd. v. Additional Commissioner Of Income Tax Range-4, C.R. Building adjudicated...
Reaffirming the Sanctity of Audited Financial Statements in Tax Assessments: Insights from M/S Shri Jeen Mata Buildcon Pvt. Ltd. v. ITO, Ward-4-2, Jaipur Introduction The case of M/S Shri Jeen Mata...
ITAT Upholds Deductions under Section 80IA via Revised Returns in ACIT Corporate Circle 2 v. Shanthi Gears Limited Introduction The case of ACIT Corporate Circle 2, Coimbatore v. Shanthi Gears...
Invalidity of Revisional Proceedings Against Deceased Assessees: A Landmark Judgment 1. Introduction The case of Sheela Devi (Wife and Legal Heir of Vas Dev) v. Principal Commissioner of Income Tax...
ITAT Delhi Sets New Precedent on Section 153C Assessments: Emphasizes Requirement of Incriminating Material and Strict Adherence to Assessment Year Limits 1. Introduction In the landmark case of...
Taxation of Software License Fees and Technical Services: Insights from Perfetti Van Melle ICT & BV vs ACIT International Taxation Introduction The case of Perfetti Van Melle ICT & BV, Gurgaon v....
Clarification on Burden of Proof under Section 68: ITO Ward-4(1)(4) v. Valley Comtrade Pvt Ltd Introduction The case of ITO Ward-4(1)(4) v. Valley Comtrade Pvt Ltd is a significant judicial decision...