Tax Exemption Clarified: Lease Premium Payments Not Subject to TDS Under Section 194-1 Introduction The case of Assistant Commissioner Of Income Tax, Circle-76(1), New Delhi. Pan No: Aaati0416Q...
ITAT Sets Precedent on Verification of Unexplained Jewelry and Investments in Deputy Commissioner Of IT v. Ginni Devi Introduction The case of Deputy Commissioner Of Income Tax, Central Circle-25,...
Allowability of Business Expenses Under the Income Tax Act: Insights from Nokia India Sales Pvt. Ltd. v. Additional Commissioner Of Income Tax Introduction The case of Nokia India Sales Pvt. Ltd. v....
Fnf India Pvt. Ltd. v. CIT: Reconciling CSR Expenditure with Section 80G Deductions Introduction The case of Fnf India Pvt. Ltd. v. Commissioner of Income Tax (CIT) was adjudicated by the Income Tax...
Provisional Set-Off of Unabsorbed Business Losses During Pending Assessments: Shelf Drilling Ron Tappmeyer Ltd. v. CIT Introduction The case of Shelf Drilling Ron Tappmeyer Ltd. v. CIT adjudicated by...
Kapoor Watch Co. Pvt. Ltd. v. CIT: Clarifying TDS Deduction on Common Area Maintenance Charges Introduction The case of Kapoor Watch Co. Pvt. Ltd. vs. Commissioner of Income Tax (CIT) was adjudicated...
Invalid Initiation of Reassessment Proceedings Under Section 147/148: ITAT Delhi Quashes AO's Order Based on Erroneous Section and Lack of Application of Mind Introduction In the landmark case of...
Invalid Reopening of Assessment under Section 147/148 Due to Procedural Defects: ITAT Delhi Bench in Vrc Township Pvt. Ltd. v. CIT Introduction The case of Vrc Township Pvt. Ltd. v. Commissioner of...
Giesecke & Devrient India Pvt. Ltd. v. Additional Commissioner of Income Tax: A Comprehensive Analysis of Transfer Pricing and DTAA Implications Introduction The case of Giesecke & Devrient India...
Leasehold Rights Excluded from Section 50C of the Income Tax Act: ITA 165/Del/2020 Commentary Introduction The case of Noida Cyber Park Pvt Ltd v. ITO Ward - 18(4), New Delhi adjudicated by the...
Clarification on Applicability and Non-Retroactivity of Section 115BBE: ITAT Jaipur in Shri Hari Narain Gattani v. DCIT Introduction The case of Shri Hari Narain Gattani, Jaipur v. DCIT, C-4, Jaipur,...
Reaffirmation of Section 54F Deduction on Agricultural Land with Residential Construction Introduction The case of Smt. Lata Phulwani, Jaipur vs. Pr. CIT-2, Jaipur adjudicated by the Income Tax...
M/s. Bharti Airtel Services Ltd. v. DCIT: Landmark Decision on Transfer Pricing Adjustments Introduction The case of M/s. Bharti Airtel Services Ltd., Gurgaon v. DCIT, New Delhi adjudicated by the...
Taxability of Interest under Section 28 of the Land Acquisition Act: Analysis of Basweshwar Mallikarjun Bidwe vs Income-tax Officer, Latur Introduction The case of Basweshwar Mallikarjun Bidwe vs...
ITA Upholds Discounted Cash Flow Method under Rule 11UA(2) in Intelligrape Software Pvt. Ltd. v. ITO Introduction The case of Intelligrape Software Pvt. Ltd., New Delhi v. ITO, Ward-12(3), New Delhi...
Revisiting Section 79: ITAT Mumbai Corrects Misapplication in Loss Carry Forward - Orra Fine Jewellery Pvt. Ltd. v. DCIT Introduction The case of M/s. Orra Fine Jewellery Pvt. Ltd. (formerly known as...
Sant Motiram Maharaj Sahakari Pat. Sanstha Ltd: Interpretation of Section 80P Deductions for Co-operative Societies 1. Introduction The case of Sant Motiram Maharaj Sahakari Pat. Sanstha Ltd versus...
Corroborative Evidence Requirement in Income Tax Assessments: ITAT Upholds Deletion of Additions Based Solely on Third-Party Statements and Social Media Evidence Introduction In the case of The...
Vedanta Ltd v. ACIT: Comprehensive Tribunal Ruling on Transfer Pricing, Section 14A Disallowances, and Additional Depreciation Claims Introduction The case of Vedanta Ltd, Gurgaon v. ACIT,...
Rainbow Products Pvt Ltd v. ACIT: Affirming the Necessity of Specificity in Penalty Notices under Section 271AAB Introduction The case of Rainbow Products Pvt Ltd, Patna v. ACIT, Central Circle-1,...