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Income Tax Appellate Tribunal Case Commentaries

Revisionary Jurisdiction under Section 263: Kaushalya Dealers Pvt. Ltd. v. ITO

Revisionary Jurisdiction under Section 263: Kaushalya Dealers Pvt. Ltd. v. ITO

Date: Dec 11, 2021
Revisionary Jurisdiction under Section 263: Kaushalya Dealers Pvt. Ltd. v. ITO Introduction The case of Kaushalya Dealers Pvt. Ltd., Kolkata v. ITO, Ward-4(4), Kolkata adjudicated by the Income Tax...
Clarification on Deductibility of Employee Contributions under Section 36(1)(va) Post Finance Act 2021: ADYAR ANANDA BHAVAN Sweets India P Ltd. v. ACIT, Chennai

Clarification on Deductibility of Employee Contributions under Section 36(1)(va) Post Finance Act 2021: ADYAR ANANDA BHAVAN Sweets India P Ltd. v. ACIT, Chennai

Date: Dec 9, 2021
Clarification on Deductibility of Employee Contributions under Section 36(1)(va) Post Finance Act 2021 Introduction The case of ADYAR ANANDA BHAVAN SWEETS INDIA P LTD, CHENNAI v. ACIT, Chennai...
PC Jewellers Ltd. v. ACIT: Clarification on Allowance of Education Cess and Treatment of IPO Expenditures

PC Jewellers Ltd. v. ACIT: Clarification on Allowance of Education Cess and Treatment of IPO Expenditures

Date: Dec 8, 2021
PC Jewellers Ltd. v. ACIT: Clarification on Allowance of Education Cess and Treatment of IPO Expenditures Introduction In the landmark case of ACIT, Circle-19(2), New Delhi v. PC Jewellers Ltd.,...
ITAT Affirms Strict Interpretation of Section 68 for Cash Credits: Parsoli Motor Works Case

ITAT Affirms Strict Interpretation of Section 68 for Cash Credits: Parsoli Motor Works Case

Date: Dec 1, 2021
ITAT Affirms Strict Interpretation of Section 68 for Cash Credits: Parsoli Motor Works Case Introduction The case of ITO, Ward-3(1)(2), Ahmedabad vs. M/s. Parsoli Motor Works Pvt. Ltd., Ahmedabad...
ITAT Upholds Section 80G Deduction for CSR Expenditures Separate from Section 37 Claims

ITAT Upholds Section 80G Deduction for CSR Expenditures Separate from Section 37 Claims

Date: Nov 27, 2021
ITAT Upholds Section 80G Deduction for CSR Expenditures Separate from Section 37 Claims Introduction The case of Naik Seafoods Pvt. Ltd., Mumbai v. Pr. CIT-2, Mumbai before the Income Tax Appellate...
MLL Logistics Pvt. Ltd. v. ACIT: Clarifying 'Income from House Property' and the Role of Refundable Deposits

MLL Logistics Pvt. Ltd. v. ACIT: Clarifying 'Income from House Property' and the Role of Refundable Deposits

Date: Nov 19, 2021
MLL Logistics Pvt. Ltd. v. ACIT: Clarifying 'Income from House Property' and the Role of Refundable Deposits Introduction The case of MLL Logistics Private Limited v. Assistant Commissioner of Income...
Nikhil Mohine v. DCIT: Clarification on Deductibility of Employee Contributions under Sections 36(1)(va) and 43B

Nikhil Mohine v. DCIT: Clarification on Deductibility of Employee Contributions under Sections 36(1)(va) and 43B

Date: Nov 19, 2021
Nikhil Mohine v. DCIT: Clarification on Deductibility of Employee Contributions under Sections 36(1)(va) and 43B Introduction The case of Nikhil Mohine, Chhindwara v. DCIT, CPC, Bengaluru adjudicated...
ITAT Delhi Sets Precedent on Classification of IT Enabled Services and Transfer Pricing Comparables

ITAT Delhi Sets Precedent on Classification of IT Enabled Services and Transfer Pricing Comparables

Date: Nov 17, 2021
ITAT Delhi Sets Precedent on Classification of IT Enabled Services and Transfer Pricing Comparables Introduction The case of M/s Future First Info Services Pvt. Ltd. versus ACIT, New Delhi...
Reaffirmation of Stringent Comparable Selection and Proper Treatment of Delayed Receivables in Transfer Pricing: Commentary on GlobalLogic India Pvt. Ltd. v. DCIT

Reaffirmation of Stringent Comparable Selection and Proper Treatment of Delayed Receivables in Transfer Pricing: Commentary on GlobalLogic India Pvt. Ltd. v. DCIT

Date: Nov 13, 2021
Reaffirmation of Stringent Comparable Selection and Proper Treatment of Delayed Receivables in Transfer Pricing: Commentary on GlobalLogic India Pvt. Ltd. v. DCIT Introduction The case of GlobalLogic...
Tribunal Establishes Deductibility of Timely PF/ESI Contributions Relative to Return Filing Dates

Tribunal Establishes Deductibility of Timely PF/ESI Contributions Relative to Return Filing Dates

Date: Nov 12, 2021
Tribunal Establishes Deductibility of Timely PF/ESI Contributions Relative to Return Filing Dates Introduction The case of M/s Kogta Financial (India) Ltd. vs. CPC, Bangalore adjudicated by the...
Eligibility Criteria for Section 54B Exemption: Insights from Shri Atul K. Patel v. Pr. CIT-3, Surat

Eligibility Criteria for Section 54B Exemption: Insights from Shri Atul K. Patel v. Pr. CIT-3, Surat

Date: Nov 10, 2021
Eligibility Criteria for Section 54B Exemption: Insights from Shri Atul K. Patel v. Pr. CIT-3, Surat Introduction In the case of Shri Atul K. Patel v. Pr. CIT-3, Surat, Surat, adjudicated by the...
Eligibility of Interest from Cooperative Bank FDR under Section 80P(2)(d): ITAT Jaipur Decision

Eligibility of Interest from Cooperative Bank FDR under Section 80P(2)(d): ITAT Jaipur Decision

Date: Nov 10, 2021
Eligibility of Interest from Cooperative Bank FDR under Section 80P(2)(d): ITAT Jaipur Decision 1. Introduction The case of M/S Rajasthan Cooperative Dairy Federation Ltd., Jaipur vs. PCIT, Jaipur-2...
ITAT Jodhpur Establishes Allowance of Employee ESI/EPF Contributions Made Before Income Tax Return Filing

ITAT Jodhpur Establishes Allowance of Employee ESI/EPF Contributions Made Before Income Tax Return Filing

Date: Nov 10, 2021
ITAT Jodhpur Establishes Allowance of Employee ESI/EPF Contributions Made Before Income Tax Return Filing Introduction The case of Mohan Ram Choudhary vs. Jurisdictional Assessing Officer ITO...
Limits of Revisional Authority under Section 263: Insights from Sangram Keshari Samantaray vs. Pr. CIT-2, Bhubaneswar

Limits of Revisional Authority under Section 263: Insights from Sangram Keshari Samantaray vs. Pr. CIT-2, Bhubaneswar

Date: Oct 29, 2021
Limits of Revisional Authority under Section 263: Insights from Sangram Keshari Samantaray vs. Pr. CIT-2, Bhubaneswar Introduction The case of Sangram Keshari Samantaray vs. Principal Commissioner of...
ITAT Chandigarh Establishes Precedence on Deductibility of ESI and PF Contributions under Section 36(1)(va) Amidst Section 43B Amendments

ITAT Chandigarh Establishes Precedence on Deductibility of ESI and PF Contributions under Section 36(1)(va) Amidst Section 43B Amendments

Date: Oct 29, 2021
ITAT Chandigarh Establishes Precedence on Deductibility of ESI and PF Contributions under Section 36(1)(va) Amidst Section 43B Amendments Introduction In the landmark case of M/s Citi Centre...
Extension of Time Limit under Section 54 for Construction of New Residential Property: Patel vs DCIT Judgment Analysis

Extension of Time Limit under Section 54 for Construction of New Residential Property: Patel vs DCIT Judgment Analysis

Date: Oct 26, 2021
Extension of Time Limit under Section 54 for Construction of New Residential Property: Patel vs DCIT Judgment Analysis Introduction The case of Shri Sangram J Patel vs D.C.I.T., International...
Reopening of Tax Assessments Based on Section 132(4) Statements: Insights from Cit v. Aps Steel (P) Ltd.

Reopening of Tax Assessments Based on Section 132(4) Statements: Insights from Cit v. Aps Steel (P) Ltd.

Date: Sep 29, 2021
Reopening of Tax Assessments Based on Section 132(4) Statements: Insights from Cit v. Aps Steel (P) Ltd. Introduction The case of Cit v. Aps Steel (P) Ltd. adjudicated by the Income Tax Appellate...
Supreme Court Establishes Clear Distinction Between License Fees and Royalties in Taxation

Supreme Court Establishes Clear Distinction Between License Fees and Royalties in Taxation

Date: Sep 25, 2021
Supreme Court Establishes Clear Distinction Between License Fees and Royalties in Taxation Introduction The landmark case of Shell India Markets (P) Ltd. v. CIT heard by the Income Tax Appellate...
Rigorous Interpretation of Section 80IA(4): Insights from Dsiidc Ltd. v. Principal Commissioner of Income Tax

Rigorous Interpretation of Section 80IA(4): Insights from Dsiidc Ltd. v. Principal Commissioner of Income Tax

Date: Sep 10, 2021
Rigorous Interpretation of Section 80IA(4): Insights from Dsiidc Ltd. v. Principal Commissioner of Income Tax Introduction The case of Dsiidc Ltd. v. Principal Commissioner of Income Tax-03, New...
Reaffirming Judicial Hierarchy in Transfer Pricing: SIRO CLINPHARM Pvt Ltd v. ITO and the Classification of Corporate Guarantees under Section 92B

Reaffirming Judicial Hierarchy in Transfer Pricing: SIRO CLINPHARM Pvt Ltd v. ITO and the Classification of Corporate Guarantees under Section 92B

Date: Sep 10, 2021
Reaffirming Judicial Hierarchy in Transfer Pricing: SIRO CLINPHARM Pvt Ltd v. ITO and the Classification of Corporate Guarantees under Section 92B Introduction The case of SIRO CLINPHARM Pvt Ltd,...
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