Stratagem Portfolio (P) Ltd v. DCIT Circle-24(2): Reinforcing Jurisdictional Boundaries in Income Tax Reassessments Introduction The case of Stratagem Portfolio (P) Ltd, Rohtak v. DCIT Circle-24(2),...
CIT v. Jugal Kishore Garg (Derewala): Upholding Natural Justice in Section 153C Assessments Introduction The case of DCIT, Central Circle-1, Jaipur vs. Shri Jugal Kishore Garg (Derewala) presents a...
Enhanced Criteria for Transfer Pricing Comparables Established in Midland Credit Management India Pvt. Ltd. v. ADDL. CIT, Special Range-6, New Delhi Introduction The case of Midland Credit Management...
Clarifying Penalty Notices: Insights from Tejpal Singh Nunia v. DCIT, Jaipur Introduction The case of Tejpal Singh Nunia v. DCIT, Central Circle-2, Jaipur adjudicated by the Income Tax Appellate...
Determining Agricultural Land Status for Capital Gains Exemption: Insights from G Vijay Padma v. Income Tax Officer, Bangalore Introduction The case of G Vijay Padma v. Income Tax Officer...
Clarification on Penalty Imposition under Sections 271D and 271E: Insights from Mamurpur Co-operative Thrift and Credit Society Ltd. v. Addl. CIT Introduction The case of Mamurpur Co-operative Thrift...
10% Threshold Established for Ignoring Valuation Differences under Section 56(2)(vii)(b): Sri Sandeep Patil vs. Income Tax Officer Introduction The case of Sri Sandeep Patil, Bangalore v. The Income...
Shri Pappu Ram Saran v. ITO: Tribunal Upholds Sale Proceeds as Justifiable Source for Unexplained Deposits Introduction The case of Shri Pappu Ram Saran v. Income Tax Officer (ITO), Ward-2,...
Reaffirming the Burden of Proof on Assessees in Section 68 Cases: Insights from Ajmera v. ITO Jaipur Introduction The case of Shri Subhash Chand Ajmera, Jaipur v. Income Tax Officer, Ward-2-1, Jaipur...
Rajasthan Nursing Council v. CIT: Affirming Charitable Status Through Predominant Educational Objectives Introduction The case of Rajasthan Nursing Council, Jaipur v. CIT (Exemption), Jaipur...
Prospective Application of Section 200A Amendment Precludes Liability Under Section 234E for TDS Returns Filed Before 01.06.2015 Introduction In the landmark case of Bathline India (Pvt.) Ltd., Delhi...
ITA Del/2019: Section 234E Late Filing Fee Exemption for TDS Returns Prior to 01.06.2015 Introduction The case of Anjani Technoplast Limited vs. ACIT (ITA Nos.7931 to 7952/Del/2019) was adjudicated...
Reinforcement of TNMM as the Preferred Transfer Pricing Methodology: Sami Labs Limited v. DCIT, Bangalore Introduction The case of Sami Labs Limited, Bangalore v. DCIT, Bangalore adjudicated by the...
Agreement Prior to Registration and Stamp Duty Valuation: ITAT Clarifies Application of Section 56(2)(vii) Introduction The case of Radha Kishan Kungwani, Ajmer v. Income Tax Officer, Ward-1-2,...
Ensuring Natural Justice in Tax Revisions: Insights from M/s Jaydurga Minerals v. CIT, Cuttack Introduction The case of M/s Jaydurga Minerals, Cuttack v. CIT, Cuttack adjudicated by the Income Tax...
Establishing TNMM as the Preferred Method for Determining ALP in Absence of Comparable Data Introduction The case of DCIT, Faridabad v. M/s. Knorr Bremse India Pvt. Ltd., Palwal adjudicated by the...
Penalty Under Section 271(1)(c) Not Applicable for Adhoc Estimations: Colo Color Pvt. Ltd. Case Introduction The case of ACIT - CIRCLE- 6(2)(1), Mumbai v. Colo Color Pvt. Ltd., Mumbai adjudicated by...
Landis+Gyr Ltd. vs DCIT: New Precedents on Revenue Expenditure, Commission Allowances, and Transfer Pricing Adjustments in Income Tax Law Introduction The case of DCIT, Circle-1(1), Kolkata, Kolkata...
Clarity in Penalty Notices under Section 271(1)(c) of the Income Tax Act: Insights from SUBHASH SHARMA v. DCIT, CIRCLE-6, JAIPUR Introduction The case of SUBHASH SHARMA, JAIPUR v. DCIT, CIRCLE-6,...
Surekha Builders & Developers Pvt. Ltd. v. Pr. CIT-1: Reinforcing the Need for Clear Inquiry in Revenue Recognition under PCM 1. Introduction The case of Surekha Builders & Developers Pvt. Ltd. v....