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Income Tax Appellate Tribunal Case Commentaries

Comprehensive Commentary on ITA-55/Mum/2023: Enhanced Deduction Criteria for Capital Gains Calculations

Comprehensive Commentary on ITA-55/Mum/2023: Enhanced Deduction Criteria for Capital Gains Calculations

Date: Mar 16, 2023
Enhanced Deduction Criteria for Capital Gains Calculations: Insights from ITA-55/Mum/2023 1. Introduction The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, delivered a significant judgment on...
ITAT Visakhapatnam Upholds Disallowance Under Section 143(1)(a)(ii) for Late PF and ESI Contributions

ITAT Visakhapatnam Upholds Disallowance Under Section 143(1)(a)(ii) for Late PF and ESI Contributions

Date: Mar 15, 2023
ITAT Visakhapatnam Upholds Disallowance Under Section 143(1)(a)(ii) for Late PF and ESI Contributions Introduction The case of Dasari Bujji v. Income Tax Officer, Ward-1(1), Visakhapatnam pertains to...
Impact of Delayed Filing on Tax Exemptions: Rajkot Vishashrimali Jain Samaj v. ITO

Impact of Delayed Filing on Tax Exemptions: Rajkot Vishashrimali Jain Samaj v. ITO

Date: Mar 14, 2023
Impact of Delayed Filing on Tax Exemptions: Rajkot Vishashrimali Jain Samaj v. ITO 1. Introduction The case of Shri Rajkot Vishashrimali Jain Samaj, Rajkot v. The ITO adjudicated by the Income Tax...
Retrospective Application of Section 56(2)(x) Tolerance Band Upgraded to 10%: ITAT Kolkata's Landmark Decision

Retrospective Application of Section 56(2)(x) Tolerance Band Upgraded to 10%: ITAT Kolkata's Landmark Decision

Date: Mar 14, 2023
Retrospective Application of Section 56(2)(x) Tolerance Band Upgraded to 10%: ITAT Kolkata's Landmark Decision Introduction The case of Shri Sandeep Kumar Poddar vs. Income Tax Officer, Ward-44(1),...
ITA Raipur Sets Precedent on Penalty Imposition under Section 271(1)(c) and Additions under Sections 68 & 56(2)(viib)

ITA Raipur Sets Precedent on Penalty Imposition under Section 271(1)(c) and Additions under Sections 68 & 56(2)(viib)

Date: Mar 14, 2023
ITA Raipur Sets Precedent on Penalty Imposition under Section 271(1)(c) and Additions under Sections 68 & 56(2)(viib) Introduction The case of Chhattisgarh Metaliks and Alloys Pvt. Ltd., Raipur v....
ITA Kolkata Upholds Disallowance of Section 35(1)(ii) Deductions for Bogus Donations: Strengthening Anti-Fraud Measures in Tax Law

ITA Kolkata Upholds Disallowance of Section 35(1)(ii) Deductions for Bogus Donations: Strengthening Anti-Fraud Measures in Tax Law

Date: Mar 8, 2023
ITA Kolkata Upholds Disallowance of Section 35(1)(ii) Deductions for Bogus Donations: Strengthening Anti-Fraud Measures in Tax Law Introduction In the landmark judgment delivered on March 7, 2023,...
Tribunal Upholds Jurisdictional High Court's Authority on Section 234E Applicability for Pre-June 2015 TDS Returns

Tribunal Upholds Jurisdictional High Court's Authority on Section 234E Applicability for Pre-June 2015 TDS Returns

Date: Mar 8, 2023
Tribunal Upholds Jurisdictional High Court's Authority on Section 234E Applicability for Pre-June 2015 TDS Returns Introduction The case of M/s. Nagesh Consultants, Bangalore v. DCIT, CPC-TDS,...
Verification of Broker Authenticity and Adequate Enquiry Mandate: Insights from Income Tax Appellate Tribunal in Ward-2(1) Guwahati vs. M/s. Impala Industrial Enterprises Ltd.

Verification of Broker Authenticity and Adequate Enquiry Mandate: Insights from Income Tax Appellate Tribunal in Ward-2(1) Guwahati vs. M/s. Impala Industrial Enterprises Ltd.

Date: Mar 4, 2023
Verification of Broker Authenticity and Adequate Enquiry Mandate: Insights from Income Tax Appellate Tribunal in Ward-2(1) Guwahati vs. M/s. Impala Industrial Enterprises Ltd. 1. Introduction The...
Shangri-la International Hotel Management PTE LTD v. ACIT: Clarifying the Scope of Fees for Included Services under the India-Singapore DTAA

Shangri-la International Hotel Management PTE LTD v. ACIT: Clarifying the Scope of Fees for Included Services under the India-Singapore DTAA

Date: Mar 1, 2023
Shangri-la International Hotel Management PTE LTD v. ACIT: Clarifying the Scope of Fees for Included Services under the India-Singapore DTAA Introduction The case of Shangri-la International Hotel...
ITA Visakhapatnam Reinforces Strict Requirements for Section 153A Notices and Guidelines on Unexplained Assets

ITA Visakhapatnam Reinforces Strict Requirements for Section 153A Notices and Guidelines on Unexplained Assets

Date: Mar 1, 2023
ITA Visakhapatnam Reinforces Strict Requirements for Section 153A Notices and Guidelines on Unexplained Assets Introduction The case of Sri Goluguri Nagi Reddy v. Assistant Commissioner of Income...
Enforcing Time Limitations in Transfer Pricing Assessments: Comprehensive Commentary on ATOS INDIA P.LTD v. DCIT Judgment

Enforcing Time Limitations in Transfer Pricing Assessments: Comprehensive Commentary on ATOS INDIA P.LTD v. DCIT Judgment

Date: Feb 24, 2023
Enforcing Time Limitations in Transfer Pricing Assessments: Comprehensive Commentary on ATOS INDIA P.LTD v. DCIT Judgment Introduction The case of Atos India Pvt. Ltd., Mumbai v. DCIT RG 14(1)(1),...
Non-Appearance of Directors Does Not Imply Unexplained Share Capital under Section 68: One Point Commercial Pvt. Ltd. v. I.T.O.

Non-Appearance of Directors Does Not Imply Unexplained Share Capital under Section 68: One Point Commercial Pvt. Ltd. v. I.T.O.

Date: Feb 24, 2023
Non-Appearance of Directors Does Not Imply Unexplained Share Capital under Section 68: One Point Commercial Pvt. Ltd. v. I.T.O. Introduction The case of One Point Commercial Pvt. Ltd., Kolkata v....
ITAT Kolkata Establishes Criteria for Validating Share Capital and Premium under Section 68 of the Income Tax Act

ITAT Kolkata Establishes Criteria for Validating Share Capital and Premium under Section 68 of the Income Tax Act

Date: Feb 24, 2023
ITAT Kolkata Establishes Criteria for Validating Share Capital and Premium under Section 68 of the Income Tax Act Introduction The case of Inspa Interior & Exterior Products Pvt. Ltd., Kolkata v....
Dismissal of Appeal Due to Uncondoned Delay in Filing: Insights from SHRIDHAR MADHAV DIWAN v. DCIT

Dismissal of Appeal Due to Uncondoned Delay in Filing: Insights from SHRIDHAR MADHAV DIWAN v. DCIT

Date: Feb 24, 2023
Dismissal of Appeal Due to Uncondoned Delay in Filing: Insights from SHRIDHAR MADHAV DIWAN v. DCIT 1. Introduction The case of SHRIDHAR MADHAV DIWAN, Gachibowli v. DCIT, Circle 12-(1), Hyderabad...
M/s. Ajit Vanijya Pvt. Ltd. v. ITO: Clarifying Section 68 Additions on Share Capital and Share Premium

M/s. Ajit Vanijya Pvt. Ltd. v. ITO: Clarifying Section 68 Additions on Share Capital and Share Premium

Date: Feb 24, 2023
M/s. Ajit Vanijya Pvt. Ltd. v. ITO: Clarifying Section 68 Additions on Share Capital and Share Premium Introduction The case of M/s. Ajit Vanijya Pvt. Ltd., Kolkata v. Income Tax Officer (ITO),...
ITA Kolkata Establishes Strict Compliance for Scrutiny Assessments

ITA Kolkata Establishes Strict Compliance for Scrutiny Assessments

Date: Feb 24, 2023
ITA Kolkata Establishes Strict Compliance for Scrutiny Assessments Introduction The case of Sukhdham Infrastructures LLP vs. I.T.O., Ward-40(2), Kolkata adjudicated by the Income Tax Appellate...
Income Tax Appellate Tribunal Upholds Section 80P Deduction Despite Late Filing in AY 2019-20

Income Tax Appellate Tribunal Upholds Section 80P Deduction Despite Late Filing in AY 2019-20

Date: Feb 23, 2023
Income Tax Appellate Tribunal Upholds Section 80P Deduction Despite Late Filing in AY 2019-20 Introduction The case of Shree Lunidhar Seva Sahkari Mandali Ltd., Lunidhar, Taluka Kunkavav, Dist....
Eligibility of Deemed Income Under Section 11(3) for Exemption: ITAT Rajkot's Landmark Ruling

Eligibility of Deemed Income Under Section 11(3) for Exemption: ITAT Rajkot's Landmark Ruling

Date: Feb 23, 2023
Eligibility of Deemed Income Under Section 11(3) for Exemption: ITAT Rajkot's Landmark Ruling Introduction The case of Shri Prabhas Patan Jain Swetambermurti Pujak Sangh, Rajkot v. The Income Tax...
ESS v. ACIT: Landmark Judgment Redefining Royalty Classification for Broadcasting Rights

ESS v. ACIT: Landmark Judgment Redefining Royalty Classification for Broadcasting Rights

Date: Feb 22, 2023
ESS v. ACIT: Landmark Judgment Redefining Royalty Classification for Broadcasting Rights Introduction The case of ESS (formerly ESPN Star Sports), Mumbai v. ACIT adjudicated by the Income Tax...
Strict Liability in Furnishing Inaccurate Particulars under Section 271(1)(c): A Comprehensive Analysis of Dharamraj Singh v. ITO Ward 1(1), Jaipur

Strict Liability in Furnishing Inaccurate Particulars under Section 271(1)(c): A Comprehensive Analysis of Dharamraj Singh v. ITO Ward 1(1), Jaipur

Date: Feb 21, 2023
Strict Liability in Furnishing Inaccurate Particulars under Section 271(1)(c): A Comprehensive Analysis of Dharamraj Singh v. ITO Ward 1(1), Jaipur Introduction The case of Dharamraj Singh, Jaipur v....
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